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
Rouhani’s bad news budget The Rouhani administration’s proposed budget for the coming Iranian year is set to be contractionary in real terms and could lead to a credit crunch. Iran
Israel seeks to revive long abandoned railway to Gulf Israel is currently discussing a project to reopen the old Hejaz railway to connect it with Saudi Arabia, though many Egyptians are concerned about its impact on trade through the Suez Canal. Egypt
Egypt eyes extensive role in Syria reconstruction efforts Egyptian companies are seeking to participate in the reconstruction of Syria and communicating with the concerned Syrian parties to discuss their involvement. Egypt
Impoverished Gaza's economy on verge of total collapse The economic situation in the long-suffering Gaza Strip has become so dire, some economists are calling on ex-pats to pump money into the small enclave. Palestine
Iraq has much to gain from gas-supply pact with Kuwait A deal to export gas to Kuwait could help Iraq pay off war reparations, take advantage of otherwise wasted flare gas and make inroads with other Gulf countries. Kuwait
2018 fraught with uncertainties for Turkish economy Despite its spectacular growth this year, Turkey’s economy is burdened with serious problems and fragilities that might spoil the party next year. Turkey
Cryptocurrencies could offer Iran way around sanctions While the rise of cryptocurrencies potentially offers Iran a way around the web of sanctions, much remains to be done for the country to be able to fully take advantage of such an opportunity. Iran
Does boycotting US medication benefit Egypt? Several Egyptian companies have called on citizens to boycott American pharmaceutical companies in response to President Donald Trump’s decision to recognize Jerusalem as Israel’s capital. Egypt
Crossing opens to help rebuild Syria, boost commerce with Turkey With the opening of al-Rai border crossing in northern Aleppo, authorities there hope to develop trade activities with Turkey and later allow travelers to move freely between the two countries. Syria
Russia to import Gaza strawberries for first time As Russia prepares to import strawberries from the Gaza Strip for the first time, farmers in Gaza are considering a commercial partnership to export other agricultural products in the future. Palestine
Turkey closes door to bitcoin Against the backdrop of a global bitcoin frenzy, the Turkish government has taken a stance against cryptocurrencies. Turkey
Pharmaceutical giant's layoffs generate rage in Israel Instead of making populistic statements and pretending to save Teva workers from layoff, Prime Minister Benjamin Netanyahu must focus on major changes that help the workers who are about to lose their jobs. Israel
