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’s non-oil sector suffering under high inflation: Report Egypt is experiencing rising inflation and the depreciation of its currency, but the country’s stock exchange is doing well and the IMF recently agreed to a massive aid package. Egypt
HSBC warns Netanyahu’s judicial overhaul will harm Israel's economy The leading European bank echoed last week's warnings by JPMorgan over the negative effects the judicial reforms pushed by the current Israel government could have on the country’s economy. Israel
Explainer: What is behind Lebanon's new exchange rate? There are multiple exchange rates between the Lebanese pound and the US dollar, and the official rate being below the black market rate helps financial institutions pass on their losses to the public. Lebanon
In Egypt, economic heat of Russia's war in Ukraine is only getting worse Average Egyptians told Al-Monitor that everything from the price of tomatoes to bread is taking a toll on daily life and household decisions as country's economy reels under the heavy toll of the war in Ukraine. Egypt
Egypt's Sisi meets Modi, inks 'strategic partnership' on landmark India visit The trip could lead to greater cooperation between India and Egypt on trade, the Suez Canal, green hydrogen and more. Egypt
Analysis Protests across Israel against judicial reform rattle Netanyahu Facing American warnings and mass demonstrations across Israel, Prime Minister Benjamin Netanyahu may find it impossible to continue with his judicial overhaul. By Ben Caspit In Tel Aviv, reporting on national security, Israeli politics, defense
UAE President Mohamed bin Zayed visits Pakistan as its economy crumbles The UAE president arrived in the city of Fahim Yar Khan in Pakistan, one day after a nationwide power outage left nearly 220 million people without electricity By Salim A. Essaid
Explainer: What is behind Iraq's Central Bank shuffle and what is next? The economic crisis in Iraq as a result of the ongoing rise in the value of the US dollar against the dinar resulted in the prime minister sacking the heads of the Central Bank of Iraq and the Trade Bank of Iraq. Iraq
UAE hosts Gulf leaders including Qatar's along with Egypt, Jordan Egypt and Jordan are increasingly looking to the United Arab Emirates and other Gulf states for development and economic support. Legacy: Gulf
Egypt green-lights sweeping privatization strategy following IMF agreement The plan defines the contours of the state’s future participation in the economy, including those activities it plans to exit, to increase the contribution of the private sector. Egypt
Iraq's PM Sudani hosted US envoy ahead of meeting Iran's Quds commander Iraqi Prime Minister Mohammed Shia al-Sudani received high-ranking US and Iranian envoys separately for discussions of bilateral issues related to both countries. Iran
Davos 2023: Saudi Arabia 'open' to discuss trading in non-dollar currencies Qatar also voiced support for Elon Musk’s leadership of Twitter at the annual forum in Davos, Switzerland. Legacy: Gulf
