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
Suez Canal to establish sovereign wealth fund The Suez Canal Authority has unveiled a plan to establish a sovereign wealth fund to shield the canal from fluctuations in global trade and crises like COVID-19. Egypt
Lebanon and Iraq ink defense cooperation agreement Lebanese Defense Minister Maurice Sleem is in Iraq for an official visit. News Brief
Egyptian travel companies profit on Turkey visits due to falling lira Egyptian tourism companies are seeking to take advantage of the low exchange rate of the Turkish lira to promote their programs in Turkey even after the summer season is over. Egypt
Egyptians carry on tradition of entrusting savings to gold Many Egyptians see gold as the safest investment option for their savings, especially in times of economic uncertainty. Egypt
Economic meltdown in Lebanon leaves pets homeless In Lebanon's ongoing economic collapse, hundreds of cats and dogs are thrown into the streets every month. Lebanon
UAE top destination for tourists from India The UAE is looking to enhance its trade ties with India and recently sent a delegation to the country. News Brief
Gaza's few Christians lift economy Gaza’s very small Christian community has been a strong force for the economy. Palestine
UN secretary-general says Lebanese politicians ‘paralyze' country, demands ‘truth' about Beirut blast United Nations Secretary-General Antonio Guterres visited Lebanon to meet with the country’s leaders amid the economic crisis. News Brief
US-Palestinian economic ties resume after 5 years Palestinians have reluctantly agreed to give the economic track a chance after it became obvious that there was no movement expected on the political track. Palestine
Egypt builds industrial city in Tanzania Egypt and Tanzania close ties are strengthened further by the inauguration of an Egyptian industrial city adjacent to the Tanzanian capital. Egypt
Syria, Iraq discuss boosting trade The two countries also discussed cooperation on oil imports earlier this year. News Brief
US, Palestinian officials hold first economic dialogue in five years The US-Palestinian Economic Dialogue covered infrastructure development, access to US markets, US regulations, free trade and other financial issues. News Brief
