What role is Jordan playing in Syria's reconstruction? As Syria’s southern neighbor, Jordan is already positioning itself as a logistics hub and diplomatic broker for Syria’s reconstruction. Syria
Saudi PIF eyes $27B Japan portfolio as kingdom courts Asian investment Saudi Arabia is strengthening economic ties with Asian countries as it pursues its economic transformation goals. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Saudi Arabia opens Nomu Parallel Market to new investors: What to know Easing investing rules and deepening capital markets to diversify the Saudi economy are key to fulfilling Vision 2030. Saudi Arabia
UAE showcases global AI ambitions with $1B Africa pledge at G20 The Gulf country is the world's top investor in Africa, with Emirati companies committing $100 billion to projects on the continent between 2019 and 2023, according to data from the Financial Times. United Arab Emirates
Is Saudi Arabia changing approach to cryptocurrencies? Although Saudi Arabia seems to be warming to cryptocurrencies, it is unlikely to displace the UAE as the region’s crypto hub anytime soon. Legacy: Gulf
Egyptian households turn to credit as inflation bites In the past, locals used to buy only durables in installments. Today, breadwinners buy clothes, schoolbooks, stationery and groceries on credit. Egypt
Egyptian pound continues to lose value Economists expect Egypt's central bank to loosen its grip on the exchange rate of the Egyptian pound in its meeting later this month, but the possible move is fraught with fears from a sharp rise in commodity prices. Egypt
Egypt to adopt Russian Mir payment system to encourage tourism, trade exchange Russian tourists and companies will be allowed to pay through the Russian Mir system in Egypt ahead of the winter season, which Cairo is hoping will boost its tourism sector. Egypt
Egypt to issue bonds in China’s currency yuan The US dollar may be losing its dominance in the Middle East to the yuan. Egypt
Egypt's Central Bank governor resigns amid economic crisis The resignation of Egypt's central bank governor has put the country's economy under pressure. Egypt
Money inflows of unknown origin headed for record in Turkey As Turkey’s current account deficit continues to widen in the coming months, foreign currency inflows of unknown origin might end up covering more than 70% of the gap. Turkey
Family of man who held up Beirut bank stages protest Bassam al-Sheikh Hussein took hostages at gunpoint to get his own money out of the bank. Many Lebanese, who are unable to access their savings amid the economic crisis, called him a hero. Lebanon
Saudi Arabia secures funding for electricity interconnection with Egypt Egypt just approved a plan to ration electricity, though the government said there is not a shortage of power. Egypt
Saudi Arabia’s Public Investment Fund acquires stakes in Egyptian state-owned firms The acquisitions help make good on Saudi Arabia’s pledge to invest billions in Egypt. Saudi Arabia
Turkey’s current account gap widens, with no respite in sight for the lira The Turkish lira is likely to tumble further in the coming months as the country’s current account gap threatens to grow beyond $40 billion by the end of the year. Turkey
Breaking | Last Updated: August 17, 2022, 12:21 pm Reports: armed man who held bank hostage in Lebanon now in custody Lebanese cannot access most of their savings amid the worsening economic meltdown. Lebanon
