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
As Iran mulls joining financial watchdog, Israel sees win-win situation If Iran joins the FATF anti-money laundering organization, the Islamic Republic might find it harder to fund militant organizations in the region, but if Iran does not join, it may lose what few international banking connections it already has. Israel
Can Saudi Arabia afford a stimulus? Oil-revenue-dependent Saudi Arabia still has $490 billion in reserve assets, but its massive foreign and domestic commitments and a long-term declining demand curve for oil could spell trouble down the road. Saudi Arabia
Turks fire back as Trump ends preferential trade status The United States removed Turkey from its list of countries that enjoy tariff-free access to the US market, a decision criticized by the Turkish government. Turkey
Exodus by big firms pushes Iran toward smaller Chinese enterprises To mitigate the impact of harsh US sanctions, Iran is increasingly turning to China by dispatching high-ranking delegations to Beijing to augment trade. But China is also mindful not to cross the red lines drawn by the United States. United States
Egypt finds its nationals new job markets abroad The difficult economic conditions and nationalization of jobs in Gulf states have caused a problem for Egyptians willing to work overseas, and prompted thousands to return home. Legacy: Gulf
Is Erdogan's airport dream turning into nightmare? The Istanbul New Airport's current and projected damage to ecosystems, its subpar construction and its woeful financial setup is turning the project into a grandiose failure — one that will cost the Turkish public dearly for decades to come. Turkey
Russian Industrial Zone in Suez to be launched soon The construction of the Russian Industrial Zone in the new Suez Canal Economic zone is expected to begin soon, in a project that Egypt hopes will boost its economy. Egypt
Egypt’s unemployment rate declines to pre-revolution levels amid economic recovery Although the Egyptian government is initiating programs to encourage work in the private sector, some graduates still see unemployment as a threat to young people. Egypt
Iran’s top banks launch blockchain platform to boost ailing banking system Banking giants in Iran have established a digital tokenization platform to liquidize bad assets. If it can overcome the many challenges on the way, it could generate vital cash — and public trust. Iran
Erdogan blasts polling as Turkey's local elections approach President Recep Tayyip Erdogan, long a close observer of opinion polls, now indicates they are not to be trusted when it comes to March 31 local elections that may put his leadership to the test. Turkey
Gazans reluctant to import from Egypt despite Hamas’ encouragement Although Hamas reduced fees imposed on goods entering the Gaza Strip, it seems local traders are hesitant to import from Egypt, which imposes high fees on traded products. Palestine
Iraq-Jordan trade deal opens new doors for regional trade A breakthrough trade agreement may signal new trend toward integration; Erdogan plays Syria card in Turkish elections; HTS undermines Turkish-backed groups in Idlib. Iraq
