Macron secures Gulf diesel supplies as France grapples with fuel costs, unrest France now has commitments for 295,000 metric tons of diesel per month from the Gulf, accounting for just over 10% of the European country’s consumption. Bahrain
Saudi Arabia postpones 'Davos in the Desert' until 2027 amid Houthi attacks The Future Investment Initiative, which typically attracts the CEOs of some of the biggest companies in business, finance, and technology to Riyadh, will now be held next year. Saudi Arabia
Analysis How Hormuz crisis is reshaping economic ties between Iraq and Syria Iraq and Syria are expanding trade and energy cooperation, but security risks, economic challenges and longstanding mistrust raise questions about whether their growing partnership can endure. By Shelly Kittleson In Baghdad, reporting on Iraqi politics
Syria to rejoin Arab group at IMF, leaving Russian-led constituency Syria will rejoin the Arab constituency at the International Monetary Fund beginning Nov. 1 and has applied for membership in the EBRD. Syria
Lebanese pound falls to all-time low on black market as people protest Lebanon's harrowing economic crisis worsened when the pound fell against the dollar again on the black market. Lebanon
Turkey emerges with ‘Pyrrhic growth’ from pandemic-hit 2020 Turkey’s economy grew 1.8% last year despite the pandemic, but not without major risks and downsides, including a smaller GDP in terms of dollars. Turkey
Egypt boosts investment in Congo, hoping to secure support in Nile dam crisis As Egypt seeks to grow its influence in Congo by boosting investments, Kinshasa takes over the chairmanship of the African Union, which is currently sponsoring the negotiations to resolve the dispute over the Grand Ethiopian Renaissance Dam. Egypt
Despite coronavirus, Suez Canal records high revenues Despite the negative repercussions of the outbreak of the coronavirus on global trade, the Suez Canal took in $5.61 billion in 2020, its third-highest total ever. Egypt
Egyptian-Turkish trade agreement comes under fire A member of the Egyptian parliament called for the need to reconsider the free trade agreement between Egypt and Turkey signed 15 years ago, claiming that it harms Egyptian interests and favors Turkish exporters. Egypt
Egypt concerned UAE-Israeli pipeline project will affect Suez Canal Egyptian officials have been expressing concern over the anticipated competition from the Eilat-Ashkelon pipeline project that would transport Emirati oil to Ashkelon in Israel and from there to European markets. United Arab Emirates
Egypt seeks completion of pan-African road through 10 countries to Cape Town Egypt plans to work with nine other countries to complete the construction of a highway linking the country’s north to Cape Town in South Africa by 2024, with hopes of expanding trade in the African continent. Egypt
How car bombs are making their way into northern Syria As local councils in northern Syria, which is under the control of Turkish-backed rebels, fail to make car dealers obtain licenses and register their offices, chaos prevails in the car market, as car bombs and explosions claim the lives of dozens of civilians. Syria
Post-COVID Mideast economies look to the Gulf and Egypt The region took a hard hit from the pandemic, and it’s far from over, but Egypt and Saudi Arabia are managing better than expected. Regional
Lebanon's PM Diab condemns Tripoli protest violence Protesters demanding an end to the lockdown set fire on Thursday night to several buildings in the impoverished city of Tripoli. Lebanon
Nigerians stuck in Saudi Arabia are flown home Foreigners working in Saudi Arabia and other Gulf countries have gotten stranded throughout the course of the COVID-19 pandemic. Saudi Arabia
