UNIDO MSME Boost for War-Affected Industry: UNIDO’s Bahrain office is proposing a BD40m international fund to keep startups and micro, small and medium firms running in conflict-hit economies, with current focus including Syria and plans to expand to other regional markets. US-Iran Strait of Hormuz Risk to Trade: Fresh US-Iran clashes and Iran’s renewed drone/missile attacks on Bahrain and Kuwait keep pressure on Strait of Hormuz reopening talks—an issue that directly affects shipping costs and energy flows for the wider region. Türkiye Push for OIC Economic Integration: Türkiye’s vice president called for stronger production partnerships, investment, logistics and connectivity among Islamic countries to raise their share of global trade—an angle that matters for regional supply chains and industrial cooperation. Syrian Industry Context via US Policy Shock: US Homeland Security chief Markwayne Mullin reiterated that migrants on temporary protected status should seek permanent residence or leave after the Supreme Court move ending TPS for Haitians and Syrians—an indirect but real labor and services shock for communities tied to construction, care and transport. Defense Tech Watch (Regional Manufacturing): Reports say the US is set to approve $700m GE F110 engine support for Türkiye’s KAAN fighter testing, highlighting how defense procurement can ripple into high-tech industrial capacity.