Turkey names Gaye Erkan as first female Central Bank governor

The choice of the US-based banking and finance executive, along with Mehmet Simsek as new finance and treasury minister, is aiming at reassuring international markets.

Turkey

Israel advances EastMed undersea electricity cable connecting with Europe

In Paris meetings with international bodies, Energy Minister Israel Katz is promoting Israel's plans for a subsea electricity cable that would connect to other countries in the region and Europe.

Israel

UK introduces $13 online visas for GCC, Jordanian nationals

Gulf nationals previously paid £30 ($37.63) per visit to the UK, while Jordanians paid £100 ($125.42) for a visit visa.

Legacy: Gulf

MBS holds call with Putin, talks oil prices as Blinken visits Saudi Arabia

The IMF projected that Saudi Arabia’s economic growth will slow to 2.1% in 2023 from its 3.1% forecast in May, after the kingdom cut more oil production on Sunday.

Saudi Arabia

Analysis

One year on, Algeria-Spain blockade shows little sign of easing

Since Algeria imposed trade sanctions on Spain on June 8, 2022, both economies have lost out on billions of dollars in business.

By Jack Dutton

In Bristol, reporting on regional business, climate change, AI, tech

Morocco to accelerate transition to EV manufacturing 

The long-term prospects for auto manufacturing in the country will hinge on an effective transition into the manufacturing of electric cars.

Francisco Serrano

In Lisbon, reporting on North Africa business

Analysis

What MBS' latest sports reforms mean for soccer in Saudi Arabia

Talk of privatization of the sports sector is nothing new in the kingdom, but experts believe the changes might help the Saudi Pro League lure in more big names.

By Jack Dutton

In Bristol, reporting on regional business, climate change, AI, tech

Turkey’s plunging lira could herald economic turnaround

The Turkish lira’s record low could signal a return to the free market and all eyes are on the central bank’s monetary policy meeting on June 22.

Turkey

Delay in cashing Qatari aid slows Gaza economy

The delay in disbursing monthly aid to the Gaza Strip population is weighing on the economy, since the payments represent the sole source of income to some 100,000 families.

Palestine

Middle East airlines expected to rebound from pandemic by 2024: IATA

The industry body, which represents some 300 airlines, expects air traffic to double in the Middle East to 550 million annual passengers by 2040.

Saudi Arabia

Saudi-backed LIV Golf merges with US rival PGA Tour

The shocking news settles the legal battles between the two and follows significant tensions surrounding the Saudi Public Investment Fund’s foray into golf.

Saudi Arabia

Saudi Arabia’s film industry ready to boom, but won’t lack drama 

Saudi Arabia and its immense financial firepower are poised to play a disruptive role in film and TV production.

Samuel Wendel

In Washington, DC, reporting on regional business and tech