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
Israelis begin doing deals in Saudi Arabia Following a change in Saudi Arabia’s entry requirements, dozens of Israeli businesspeople arrived recently to Riyadh and even closed deals there. Israel
Culture Lebanon’s economic crisis threatens education sector Lebanon’s education sector, once prized throughout the Middle East as a regional leader, has been witnessing an irreversible mass exodus with hundreds of professionals in the teaching sector leaving. Lebanon
Abraham Accords accelerate Israel-Africa rapprochement Israeli and African diplomats are engaged in expanding bilateral relations and taking them much further then ever before in many fields. Israel
Israel interest rates to continue upward trend Battling growing inflation, the Bank of Israel has significantly raised the country’s interest rates twice in recent weeks. Israel
Hamas imposes new taxes on products imported from West Bank Hamas' Ministry of Finance in the Gaza Strip is imposing a new tax on imported West Bank products, which will add to the hike in prices amid a devastated economy due to the Israeli siege and repeated Israeli wars. Palestine
NFTs get Egyptian women out of debtor's prison An organization that offers help to poor Egyptian women persecuted by the law has partnered with a creative collective in Dubai to raise donations and awareness, especially outside the country, using non-fungible tokens. Egypt
Israel-UAE economic relations grow further with free trade agreement A variety of economic, cultural and energy-related deals preceded the free trade agreement signed in Dubai today. Israel
Israeli companies offer solutions for global wheat crisis Israeli agritech companies are finding solutions for the growing global wheat crisis and others. Israel
How interest rate hikes affect Egypt’s economy The central bank may raise rates further by 100 to 200 basis points in 2022 to be in line with tightening global monetary policies. Yields on T-bills are set to rise. Egypt
Abu Dhabi special acquisition firm begins trading on stock exchange The ADC Acquisition Corporation is listed on the Abu Dhabi stock exchange to raise funds for the Emirati sovereign wealth fund ADQ and Abu Dhabi's Chimera Investment. Legacy: Gulf
Israel seeks to double trade with Egypt The visit to Egypt of the Israeli Firqat Alnoor Orchestra reflects a clear trend in the past year and a half of cultural, environmental and economic ties warming up between the two countries. Israel
Egypt grants new incentives to foreign investors The Egyptian government announced the granting of a special license to foreign investments in three specific fields, which expedites procedures to implement projects, as part of efforts to revive the ailing economy in the country. Egypt
