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
Will Turkish lira save economy in Syria's opposition-held areas? As Syria's currency plunges against the dollar, the opposition's Syrian Interim Government plans to replace the Syrian pound with the Turkish lira in the areas it controls. Syria
Lebanon’s real estate sector crumbles along with dreams As Lebanon’s economic crisis devastates the housing sector, homeowners are faced with increasing payments and debt tied to the dollar and rising interest rates. Lebanon
Will loan initiative turn around Egypt's struggling factories? Egypt’s Central Bank has launched a funding initiative to help defaulting factories deal with their debt and bolster production. Egypt
Pressure mounts against importing Israeli gas to Jordan While Jordan is expected to start receiving natural gas from Israel in a matter of weeks, demands that the government cancel the deal are growing. Israel
Egypt focuses on developing Africa With the goal of promoting investment opportunities in Africa and Egypt and signing development and investment agreements, Egypt organized the Africa 2019: Investment for Africa Forum, as President Abdel Fattah al-Sisi holds the presidency of the African Union. Egypt
Turkey’s economic crisis takes toll on wealth holders Hit by the Turkish lira’s slump against the dollar, economic contraction and decline in real estate prices, Turkey’s richest have watched their wealth erode. Turkey
Israel: plenty of bread but no butter Since the price of butter is controlled by the government, Israeli dairies prefer using the butterfat for other dairy products. Israel
How Suez Canal will continue to change Mediterranean Sea The Suez Canal has changed the Mediterranean Sea from environmental and economic perspectives since its opening 150 years ago, and these changes are only expected to worsen in light of the expansion of the canal. Egypt
Reduction in Iran's gasoline subsidy sparks anti-government protests President Hassan Rouhani’s announcement of a large reduction in the gasoline subsidy sparked protests across a number of cities, with deaths having been reported. Iran
Dubai's aviation boom in question as airshow kicks off The profitability of UAE airlines is on the decline as Dubai Airshow 2019 kicks off. United Arab Emirates
Egypt conducts joint drills with Greece, Cyprus amid Turkey tensions The naval forces of Egypt, Greece and Cyprus conducted joint military exercises in the Mediterranean amid tensions with Turkey over its drilling activities in the area. Egypt
Iran plans to wean budget off oil income by next year Iranian officials say the country will kick its dependence on oil revenues by next year, using them only for development projects and to acquire capital assets. Iran
