The Treasury Department accused Banque Misr’s branches in the United Arab Emirates of helping Iran. The Emirati central bank promised an examination.
Category: United Arab Emirates
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Two Binance Employees Detained in the U.A.E. Amid Police Inquiries
The New York Times – Business:The detentions of the workers, who have been released, are a sign of legal pressure that the world’s largest crypto exchange faces in the Emirates, which is home to its main regulator.
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U.A.E. Halts Trade Ties With Iran and Says It Was Targeted With Missiles
The New York Times – On the Runway:The Emirates has long been a major trading hub for Iran, and analysts say it has been key to Iranian efforts to evade international sanctions, which the country denies.
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Trump Pulled in at Least $2.2 Billion in 2025, Financial Disclosure Shows
The New York Times – Business:The release of a mandatory financial disclosure for 2025 shows that the Trump family’s holdings, particularly the president’s crypto businesses, were stunningly lucrative.
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U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf
The New York Times – Business:U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.
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Nations Brace for Long-Term Economic Woes as Trump Calls Iran Truce Plan ‘Garbage’
The New York Times – Business:President Trump said the fragile cease-fire was on “life support,” and India’s leader urged residents to cut back on purchases and travel.
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OPEC Plus, in Symbolic Gesture, to Increase Oil Production
The New York Times – Business:The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.
