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
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
Israeli settlement intended for ultra-Orthodox draws new residents After years of failure to attract ultra-Orthodox residents, the West Bank settlement of Emmanuel is starting to interest middle-class families. Israel
Netanyahu campaign leans on Israel's economic woes Opposition leader Benjamin Netanyahu is focusing his electoral campaign on the failure of the government to lower the cost of living and better working conditions in schools and hospitals. Israel
Iran’s trade with Turkmenistan on pace to double this year Iran is seeking more trade with its neighbors and other countries in Central Asia. Iran
Saudi Arabia to invest $1 billion in Pakistan, following UAE and Qatar Pakistan is seeking help from the Gulf amid its foreign currency reserves crisis. Saudi Arabia
Egypt-Chinese consortium to run terminals in Red Sea, Mediterranean ports The Egyptian government signed new concessions with a Chinese alliance to build and operate two world-class container terminals in the ports of Sokhna and Dekhila, as part of a container logistics project to link the Red and Mediterranean seas. Egypt
Iran, Russia use own currencies for trade Saudi Arabia and India have also signaled moving away from the US dollar. Iran
Egypt’s foreign reserves drop 19% due to economic crisis caused by Russia-Ukraine war Egypt’s public budget is facing a major deficit due to the increase in expenditures and national currency depreciation. Egypt
Iran's FM seeks Africa ties to boost sanctions-hit economy The Islamic Republic renewed the official line that it won't keep its battered economy waiting on the fate of the nuclear deal. Iran
