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
Egypt charges tourist ships in dollars as greenback crisis spirals Egypt commits tourist boats arriving in its ports to pay in US dollars amid a tough dollar shortage crisis in the populous country. Egypt
Israel's new embassy in Turkmenistan sends message to Iran After a visit to Azerbaijan, Foreign Minister Eli Cohen traveled to Turkmenistan to inaugurate Israel’s permanent embassy in Ashgabat. Israel
In UAE, Brazil’s Lula looks east for climate investments, peace brokering President Luiz Inácio Lula da Silva looks to exert Brazil's power in a geopolitical landscape that has significantly shifted since he last held office. Legacy: Gulf
US, India, UAE, Israel announce creation of I2U2 joint business coalition The new coalition will see officials and business councils from the four countries collaborate to attract private sector partners to the I2U2 initiative. Legacy: Gulf
Lebanon raises minimum wage from $27 to $92 a month Hundreds of retired soldiers protested outside government headquarters as the Cabinet discussed an increase in public sector salaries. Lebanon
Signaling Iran, Israel's FM visits Azerbaijan, will open embassy in Turkmenistan Israeli Foreign Minister Eli Cohen is holding meetings in Azerbaijan before traveling to Turkmenistan, where he will inaugurate Israel’s embassy. Israel
Brazil signs $12.65 billion in deals with UAE, China amid struggling economy Brazil signed agreements worth $2.53 billion with the UAE and $10.12 billion with China. Legacy: Gulf
Israel in budget deficit in another fallout post Moody’s downgrade The credit rating agency downgraded Israel’s credit outlook due to the judicial reform controversy in the country. Israel
Airlines suspend Sudan flights after Saudi plane hit by gunfire A number of Middle Eastern airlines have banned flights after the power struggle between the Sudanese army and a rival paramilitary group turned deadly on Saturday. Legacy: Gulf
Saudi Arabia opens four special economic zones with eye on foreign investment The special economic zones offer incentives such as competitive corporate tax rates, 100% ownership of companies and flexibility in employing foreign labor. Legacy: Gulf
Moody’s downgrades Israel’s credit outlook Despite calls by Prime Minister Benjamin Netanyahu and President Isaac Herzog, Moody's has changed Israel's credit outlook from "positive" to "stable." Israel
Turkey, Egypt inch closer to restoring ties as FMs meet in Ankara The former Eastern Mediterranean rivals are on the path to rapprochement, but there are no plans for the return of ambassadors as of yet. Turkey
