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
Tunisia’s removal from EU financial blacklist should help boost economy Three years after being designated as a high-risk country with strategic anti-money laundering and counterterrorist financing deficiencies, Tunisia is officially off the list and getting ready for foreign investments. Tunisia
Oman’s state-owned entities change hands As the newly-formed Oman Investment Authority takes over most of the Gulf country’s public assets, questions arise as to whether this is streamlining the administration, economic reform or power consolidation? Oman
Iran's economy in desperate need of solutions Amid a drop in global oil prices, even relief from US sanctions may not be enough to save Iran's collapsing economy. Iran
Egypt’s military companies seek private investments The Egyptian military seeks to expand investments in partnership with the private sector, thus crowding out civilian-run companies, amid the economic recession due to the coronavirus crisis. Egypt
Lebanon’s central bank to inject dollars as currency crashes The Lebanese pound trades at roughly 6,000 to the US dollar on the black market; Lebanese officials take action to try to get the parallel market under 4,000 to the dollar. Lebanon
Protests erupt across Lebanon as government scrambles to rein in crumbling currency Following the sectarian protests that took place a few days ago, Lebanon's crumbling currency united the Lebanese in a cross-sectarian protests in various Lebanese cities. Lebanon
Jordan gets high marks for dealing with COVID-19, but economic crisis deepens Jordanians feel that while the government may have succeeded in thwarting the health crisis related to the coronavirus pandemic, it has failed so far in finding solutions to the deteriorating economy. Jordan
New report details damage to Iraqi economy during COVID-19 pandemic The report by the UN-affiliated International Organization for Migration shows how virus-related restrictions have led to revenue and job losses for small and medium-sized businesses in Iraq. Iraq
Iran’s debt-ridden international broadcasters face closure Iran’s state-funded international TV channels, including Press TV, could soon be taken off the air due to accumulated debt amid the country’s cash reserve crisis. Iran
Sanctions on Syrian government also threaten Washington's Kurdish allies While US and international sanctions aren't specifically targeted at Kurdish-ruled northeast Syria, the area is impacted all the same with cross-border trade practically halted and because of the sudden plunge of the Syrian pound. Syria
Oman will make it easier for expat workers to switch jobs Under a previous order, foreign workers were barred from switching companies without explicit permission from their employers. Oman
China shows greater interest in Syria amid pandemic, US tensions China is looking to increase its influence in war-torn Syria, and using the coronavirus pandemic to accelerate these plans. Syria
