Brazil anticipates finalizing a trade agreement with the UAE (under the Mercosur umbrella) by the end of 2025. Key components of the agreement include lowering customs tariffs and boosting investment and services exchange between the two regions, aligning with wider efforts to deepen Middle East-Latin America economic ties. Source: reuters
Brazil-UAE Trade Pact Expected by Year-End Read More »
The United States sanctioned several Iranian individuals (including Alireza Derakhshan and Arash Estaki Alivand) as well as firms in the UAE and Hong Kong. These sanctions are linked to over $100 million in cryptocurrency transactions tied to Iranian oil, allegedly moved via shadow networks to benefit Iran’s government and armed forces. The restrictions freeze U.S. assets and
U.S. Penalizes Iranian Financiers over Crypto-linked Oil Deals Read More »
Across the Gulf, stock exchanges largely saw gains, underpinned by hopes that the U.S. Fed will reduce interest rates soon, plus relatively stable oil markets. Saudi markets rebounded from multi-year lows, led by energy and retail sector recoveries. Abu Dhabi saw steady gains, while Dubai declined slightly—pulled down by weakness in financials and telecom. Source:
Most Gulf Bourses Gain on Rate Cut Optimism, Oil Stability Read More »
The U.S. imposed sanctions on two Iranian financiers (Alireza Derakhshan and Arash Estaki Alivand), plus several companies in Hong Kong and the UAE. They are accused of facilitating over $100 million worth of cryptocurrency transactions tied to Iranian oil sales, funneled via shell companies and shadow networks to benefit Iran’s government and military. The move is part
U.S. Sanctions Iranian Actors Over Crypto-Oil Dealings Read More »