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
Many Lebanese not able to watch World Cup matches Many Lebanese have been dismayed by the news that the 2022 FIFA World Cup will not be broadcast on the public channel Tele Liban due to financial difficulties. Lebanon
Israel launches $17m self-driving public bus project The Transportation Ministry decided on the companies that would be authorized to launch a two-year pilot program of autonomous public transportation. Israel
Abraham Accords, World Cup drive increase in Israeli air traffic Ongoing rapprochement and the World Cup tournament currently underway in Qatar have driven a significant increase in air traffic to the region via Israel. Israel
Egypt suffering from sugar crisis despite largest sugar factory in the world Sugar prices have recently witnessed a record rise in Egypt despite the country’s opening of the largest sugar production plant earlier this year. Egypt
New PRO Memo: Tunisia’s potential IMF deal to boost manufacturing investments The loan could provide much-needed economic balance for Tunisian manufacturers. North Africa
Tunisia import restrictions to hinder trade with EU European and Tunisian economic observers are concerned over new technical measures for clearing imports into Tunisia that could limit imports that support Tunisia’s industries and trade. North Africa
Kuwait benefits from oil price boom but long-term economic challenges loom Key reforms and a lack of a diversified economy remain only two of Kuwait's major challenges. Legacy: Gulf
Egypt, Israel seek to boost trade exchange following COP27 Israel offered Egypt to develop rice cultivation using the latest technologies and curb the water shortage crisis in Cairo, within the framework of the two countries’ efforts to increase trade exchange. Egypt
Egypt, US, Germany launch plan to reduce methane emissions The COP27 initiative seeks to accelerate Egypt's green energy transition. Egypt
Culture Economic meltdown in Lebanon leaves schoolchildren hungry Lebanon's struggling households are finding it increasingly challenging to afford school lunches for their children due to financial constraints. Lebanon
Egypt’s Banque Misr receives loan from African Development Bank, China The loan could help Egyptian startups and comes amid Egypt’s ongoing economic crisis. Egypt
Will Iraq's new government reconsider dinar exchange rate? A number of leaders of the Coordination Framework, the bloc leading the new Iraqi government, are pushing to increase the value of the dinar in an attempt to support the poor — yet some argue the measure could backfire. Iraq
