Economy and trade

Lebanese depositors irate over closed banks

Banks in Lebanon have been shut down for nearly a week amid fears of a bank run.

Lebanon

Palestinian economy falters despite pandemic recovery

Despite the end of the coronavirus pandemic, an improvement in the Palestinian economy does not seem very likely given other factors.

Palestine

Despite slowdown, Israeli tech companies attract major investments

Big investments announced in recent weeks in Israeli start-up companies might indicate that the slowdown, the layoffs and other difficulties facing the global high-tech industry might be temporary.

Israel

Palestinian businessman seeks self-funded projects to support Gaza economy

An agreement of $1 million was signed to restore industrial facilities that were destroyed in the May 2021 war on Gaza, which came as a glimmer of hope for the stricken industrial city.

Palestine

Lebanese fear more hardships after fuel subsidies are lifted

The Lebanese are expecting higher gasoline prices in light of the central bank’s decision to lift subsidies amid market chaos, dollar exchange fluctuations and devaluation of salaries in the Lebanese pound.

Lebanon

Egyptian pound continues to lose value

Economists expect Egypt's central bank to loosen its grip on the exchange rate of the Egyptian pound in its meeting later this month, but the possible move is fraught with fears from a sharp rise in commodity prices.

Egypt

Culture

Lebanese turn to logging in preparation for winter

Lebanon’s woodlands are at risk as the poor are cutting down trees as an alternative for fuel to heat their homes in the coming winter, and with such desperate measures experts fear the loss of precious and old trees.

Lebanon

With warming of diplomatic ties, Israel, Turkey expect bilateral trade boom

Now that diplomatic relations have improved, Israel hopes to increase and expand its exportations to Turkey in fields such as water treatment, smart agriculture and energy.

Israel

Co-working draws Lebanese amid economic, power crises

Several businesses in Lebanon have started utilizing co-working spaces, allowing them to cope with crises by sharing ideas and skills as well as offices.

Lebanon

More hurdles could delay opening of Egypt’s new administrative capital

The resignations of two executives of the company managing the new administrative capital project in Cairo have raised questions about the project and its feasibility in light of the deteriorating economic situation in the country.

Egypt

Investment in Israeli food tech doubles

Israel is quickly becoming one of the world leaders in cultivated meat, dairy and seafood products.

Israel

Is dollarization best option for Lebanon’s collapsing economy?

In light of the continued collapse of the Lebanese currency, some are suggesting that the dollarization of the economy may be the best option to revive the country’s financial system.

Lebanon