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
Egyptian trade delegation visits Israel for first time in decade Economic ties between Egypt and Israel seem to be on the right path amid growing cooperation in various fields. Egypt
World Bank official: Lebanon, Yemen, Syria most food-insecure in region Many states across the Middle East and North Africa meet the criteria for food insecurity, experts said at a US Institute of Peace event. Syria
Saudis side with Egypt on Nile dam Saudi Arabia has explicitly and officially voiced its support for Egypt in the Grand Ethiopian Renaissance Dam crisis. Egypt
Outrageous prices keep Lebanese from swimming Many Lebanese have been complaining about high entrance fees to swimming pools and water resorts amid low salaries due to the local currency depreciation. Lebanon
UAE to increase exports to countries in West Africa The Emirates is one of the biggest investors in Africa. Turkey, Qatar and Israel have significant interests on the African continent as well. Legacy: Gulf
Imports up pressure on Morocco’s foreign reserves Energy and food imports alongside a growing trade deficit put pressure on Morocco’s foreign currency reserves. North Africa
Suez, Panama canals sign cooperation agreement to boost investments The Suez and Panama canals’ economic zones seek to attract more investments through a cooperation agreement to exchange experiences and information. Egypt
Egypt, Turkey hold firm on interest rates Turkish President Recep Tayyip Erdogan is adamantly opposed to raising interest rates, but some observers expected Egypt to raise rates in line with Gulf banks and the US Federal Reserve. Egypt
Egypt, Saudi Arabia sign economic agreements worth $7.7 billion Saudi Arabia intends to invest about $8 billion in various economic sectors in Egypt, which will ease the Egyptian economy's wheels amid the global crisis. Egypt
Egypt participates in Russian economic forum Egyptian President Abdel Fattah al-Sisi delivered a virtual speech at the opening session, stressing the need to find "effective solutions" to the global economic crisis. Egypt
Egypt looks for upsurge in tourists from sanctions-hit Russia Cairo and Moscow are holding talks to allow the Russian payment system MIR in Red Sea resorts. Egypt
Egypt’s car industry suffers under dollar crisis Car prices experienced a steep spike in Egypt over the past months as the dollar rose against the Egyptian pound and import restrictions were imposed amidst a decline in supply and a redirection of Egypt’s market shares to other countries. Egypt
