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
Israel-UAE trade reaches $700 million Israel’s representative in Dubai said there is going to be a “surge” of business between Israel and the Emirates. News Brief
Food price hikes feared in Turkey after currency slump Turkish social media swirled with rumors Monday of possible bread price hikes following a record slide in the nation’s currency, and economist say the anxiety could add to inflationary pressures. Turkey
Saudi Arabia grants citizenship to prominent doctors, scholars The official Saudi Press Agency said the kingdom will grant citizenship to “experts and exceptional global talents." Saudi Arabia
Saudi Arabia welcomes multinationals to Riyadh Saudi Arabia's move to license 44 companies to open headquarters has put the kingdom in competition with the United Arab Emirates regional business hub. Legacy: Gulf
Israel’s Bennett hopes to outdo Netanyahu in relations with India Stepping into the shoes of Benjamin Netanyahu, Prime Minister Naftali Bennett makes efforts at strengthening the bilateral economic ties and the security alliance Israel has forged with India. Israel
Backlash after Islamist group in Idlib taxes olive crops The HTS-affiliated Salvation Government imposed Islamic taxes on olive crops, thus worsening farmers’ plight amid the water scarcity and drought. Syria
US, Egypt conclude first 'strategic dialogue' under Biden In a joint statement, the two countries pledged to continue their dialogue on the US-Egypt strategic partnership, regional cooperation and human rights. Egypt
Israeli, Jordanian economy ministers sign West Bank export deal In their meeting Nov. 3, Economy Minister Orna Barbivai and Jordanian Minister of Industry, Trade and Supply Yousef Alshamali agreed to expand the list of materials and products Jordan could export to the West Bank. Israel
Turkish inflation nears 20% on rising food, energy costs While Turkey’s latest official inflation figures beat expectations, raising some concerns over data integrity, consumer prices are expected to keep rising amid growing global energy costs. Turkey
Iran’s plan to get rid of the subsidized exchange rate Iran's subsidized exchange rate has failed to prevent the downfall of the rial — and a move to do away with it could actually help the economy. Iran
World Bank approves loan to Egypt, praises government for growth during pandemic The loan accompanies various reforms, including actions to increase economic participation of women. News Brief
Mansour Abbas puts mark on Israeli development plan for Arab communities The coalition Ra’am party is proud of the approval by the government of a five-year plan for the economic development of Israeli Arab towns and villages. Israel
