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
Chevron resumes gas supplies from Israel’s Tamar field after Gaza war halt The US energy giant was ordered to shut down the field for security reasons after the outbreak of the Israel-Hamas war. Israel
What the Gulf states new unified visa means for Saudi, UAE, other citizens The new Schengen-like visa — allowing seamless travel between members Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates — will be introduced during 2024-25. Legacy: Gulf
Iraq and Turkmenistan make progress toward deal to transport gas via Iran Iraq, currently dependent on Iran for gas and electricity, is seeking to develop its own gas supply as well as import gas from Turkmenistan. Iraq
Turkey returns to dollar bond market as Erdogan shifts approach The Turkish government has made several fiscal policy changes since the president's reelection in May in an effort to win back investors and address economic problems. Turkey
Israel approves transfer of tax revenues to Palestinian Authority The Israeli cabinet approved the transfer to pay the Palestinian security apparatus, despite objection by Finance Minister Bezalel Smotrich. Israel
Saudi's GCC-ASEAN summit: Toward an Asia minus China collective strategy The GCC and ASEAN nations find themselves sharing more strategic commonalities amid the current era of deglobalization, geopolitical instability and economic uncertainties. Legacy: Gulf
Saudi Arabia's oil cuts weigh heavy on economy, GDP tanks by 4.5% The kingdom's economy shrunk by the most since the COVID-19 pandemic in 2020 due to energy measures. Saudi Arabia
Full list of airlines that have suspended Israel flights after Hamas attacks Israel’s main international airport has remained open despite the conflict, and most Israeli airlines are still operating. Israel
20% rise in Middle East late-stage venture capital funding despite global decline Startups in the Middle East and North Africa have so far in 2023 reported a 20% year-on-year growth, new data shows, while global funding activity of this type has seen a 49% decline from 2022. Legacy: Gulf
Abu Dhabi’s ADQ in talks with Turkey to build railway for trade corridor Amid increasing cooperation between the two countries, an alternative trade corridor is planned linking Europe, the Middle East and Asia. Turkey
Middle East economic growth to fall sharply in 2023, World Bank says The Middle East and North Africa’s gross domestic product is expected to plummet to 1.9% in 2023 from 6% in 2022. Legacy: Gulf
Israeli shekel falls to 7-year low of 3.87 against the dollar The shekel’s fall is the latest sign of economic uncertainty amid Israel’s political turmoil. Israel
