Iran: Unprecedented heat wave triggers emergency holidays The high temperatures have widely been linked to the overall impacts of climate change, which is hitting Iran twice harder than global averages, according to official data. Iran
UK formally recognizes genocide against Yazidis by Islamic State The United Kingdom is the latest country to recognize the 2014 mass slaughter of Yazidis by the Islamic State as genocide. Iraq
Turkey, Egypt seek to boost mutual trade by 50% in 5 years In the first visit of its kind in a decade, Egypt's trade and industry minister traveled to Turkey on Tuesday. Turkey
One wounded by gunman at Swedish consulate in Turkey The motives of the assailant remain unclear but the attack comes amid increasing outcry at Stockholm for allowing Quran burnings in the country. Turkey
Iran, Belarus sign defense MOU as they explore cooperation on drones Belarus may start playing a bigger role in Russia’s use of Iranian drones in the war on Ukraine. Iran
Islamic State attack in Syria targets oil convoy, kills 5 soldiers: Monitor Islamic State sleeper cells have regularly attacked government forces in central and eastern Syria despite losing the last of their territory in 2019. Syria
Gulf investment in UK property expected to reach $3.2 B in 2024 Middle Eastern investors are capitalising on lower property valuations and those investors are likely to refinance when interest rates start falling, the Islamic bank said. Gulf
Japan’s Nomura subsidiary receives crypto license in UAE The crypto sector is booming in the United Arab Emirates thanks to clear regulations on virtual assets. Gulf
Israeli solar firm enters rare venture with Saudi business Such partnerships are seldom seen, as Israel and Saudi Arabia do not recognise each other formally and the two countries have never established diplomatic relations. Israel
Saudi Arabia borrowing rate hits new high, posing risk to foreign investments The Saudi Arabian Interbank Offered Rate climbed above an average of 6% in July, which was higher than the rate during the 2008 global financial crisis. Saudi Arabia