Tracking U.S. trade deals before Trump’s tariffs take effect
With just one day left until Donald Trump’s 1 August tariff deadline, the U.S. has announced trade deals with several countries, but many remain inc...
Investors are cautiously returning to the Middle East, betting on economic recovery and political stability following a fragile ceasefire and shifting regional dynamics. However, President Donald Trump’s proposal to take over Gaza has injected new uncertainty.
A historic shake-up in the region is attracting fresh investment. The end of the Israel-Hamas war, political changes in Lebanon and Syria, and a weakened Iran have fueled hopes for economic stabilization.
In Egypt, where economic collapse once loomed, the government successfully executed its first dollar debt sale in four years. Investors have also begun buying Israeli bonds again, while Lebanon’s debt markets are seeing renewed interest as Beirut moves toward financial restructuring.
Trump’s proposal to “clean out” Gaza and develop a Middle East "Riviera" was widely condemned. Egypt has called an emergency Arab summit on February 27 to address the implications.
Bond investors initially welcomed the ceasefire but reacted negatively to Trump’s plan. Amundi, Europe's largest asset manager, reduced exposure to Egyptian bonds, fearing U.S. pressure on Cairo to accept Palestinian refugees.
Credit rating agency S&P Global has signaled that Israel's downgrade warning could be lifted if stability holds. Meanwhile, Michael Fertik, a U.S. venture capitalist, cited reduced geopolitical risk in his decision to expand operations in Israel’s AI sector.
However, risks remain. Yemen’s Houthi attacks have cost Egypt’s Suez Canal $7 billion in lost revenue, forcing shipping routes around Africa. Investors warn that any escalation could reverse economic gains.
Rebuilding efforts in Syria, Gaza, and Lebanon present opportunities for Turkey’s construction firms, with Trump’s envoy estimating a 10-15 year timeline for Gaza’s reconstruction. The World Bank estimates Lebanon’s war damage at $8.5 billion—about 35% of its GDP.
Lebanon’s defaulted bonds have more than doubled in price since Hezbollah’s influence weakened. New President Joseph Aoun is set to visit Saudi Arabia, a potential backer of Beirut’s restructuring, though $45 billion in debt still needs renegotiation.
The Middle East is entering a crucial economic phase, with peace prospects driving investment interest. Yet, uncertainty over Gaza, U.S. policy shifts, and regional tensions continue to shape the financial landscape.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Türkiye continues to confront the devastating legacy of past earthquakes, Istanbul is taking a major step toward future precautions—with the launch of an AI-powered disaster response system.
The Russian state news agency has reported that Shahin Shykhlinski, head of the Azerbaijani diaspora in Yekaterinburg, has been declared wanted in connection with a criminal offense.
A two-day official visit by Kazakh President Kassym-Jomart Tokayev to Türkiye concluded with the signing of 20 agreements aimed at expanding the strategic partnership between the two countries in key areas, including mining and rare earth minerals, space and technology, energy, and logistics.
The 5th meeting of the Kazakhstan–Türkiye High-Level Strategic Cooperation Council, chaired by the two countries’ leaders was held on Tuesday in Ankara. The meeting was focused on strengthening cooperation in the areas of economy, transport, and investment.
President of Kazakhstan Kassym-Jomart Tokayev arrived in Türkiye on Tuesday for an official visit at the invitation of Turkish President Recep Tayyip Erdoğan.
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