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
UAE, Tanzania sign double tax avoidance deal The Emirates is also pursuing renewable energy projects in the southern African country. Legacy: Gulf
UAE, Oman boost ties with deals on high-speed rail, combating financial crimes The agreements are in line with the UAE’s foreign policy, which prioritizes regional partnerships. United Arab Emirates
Saudi Arabia partners with Senegal on railway, desalination plant The UAE, Israel and Turkey have also upped their engagement with African states in recent years. Saudi Arabia
Egyptian households turn to credit as inflation bites In the past, locals used to buy only durables in installments. Today, breadwinners buy clothes, schoolbooks, stationery and groceries on credit. Egypt
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
