Report: Israel tech sector still among world’s strongest

Judicial fallout and layoffs have not hurt the industry's world standing, according to a report from Dealroom.co and Tel Aviv Tech.

Israel

Grueling Ramadan for Lebanon's Muslims as prices, dollarization bite

As all goods are priced in dollars this year, food prices have skyrocketed, making the holy month more burdensome for the Lebanese whose wages are limited while the value of the local currency continues to deteriorate.

Lebanon

Egypt’s new grain security strategy put to test as Ukraine war enters second year

Egypt's new strategy to cope with major grain supply disruptions from the Ukraine war has worked well in its first year. But there are still challenges ahead.

Marc Español

Lebanon on cusp of network blackout as dispute grows with telecom workers

The Lebanese government has threatened to take over the country’s state-run telecom company with the help of the army as workers continue to strike for a salary increase.

Lebanon

UAE Central Bank revokes license of Russia's MTS Bank as sanctions tighten

The Central Bank of the UAE plans to close the Russian bank’s operations within six months from the date of the decision. 

Legacy: Gulf

UAE, Qatar lead Middle East in 2023 global foreign investment ranking  

The United Arab Emirates sat in the top position among MENA markets and ranked 4th globally.

Legacy: Gulf

The Economic Statecraft of the Gulf Arab States: A book talk with Karen Young

Register now for this in-person event in Washington, DC on Monday, April 3.

Egypt raises interest rates again as inflation continues to creep up

The Central Bank of Egypt’s rate hikes have so far been unable to curb inflation.

Tunisia

China settles first LNG trade in yuan with UAE deal

China has held several discussions with countries in the Middle East and North Africa about conducting trade using its local currency.

Legacy: Gulf

International oil firms stop operations as Iraqi-Kurdish oil dispute continues

A Kurdish official told Al-Monitor that the Kurdistan Regional Government disagrees with an Iraqi government proposal to resolve the issue, as the stoppage of oil exports to Turkey threatens the autonomous region's economy.

Iraq

Saudis joining Shanghai Cooperation Organization as China bromance blossoms

Russia, China and a number of former Soviet states in Central Asia created the SCO in 2001 to counter US hegemony in the region.

Legacy: Gulf

Analysis

North Africa diesel exports to Europe surge as Russia digs deeper into Ukraine

Europe has been looking for alternative sources of oil and gas in light of Western sanctions on Russia over the Ukraine war.

By Jack Dutton

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