Erdogan looks to Putin to ease foreign currency woes

An extraordinary uptick in capital flows of unknown origin to Turkey has left many wondering whether Russian money could be involved.

Turkey

Egyptian pound continues to lose value

Economists expect Egypt's central bank to loosen its grip on the exchange rate of the Egyptian pound in its meeting later this month, but the possible move is fraught with fears from a sharp rise in commodity prices.

Egypt

Iran strengthens ties to Central Asia with Uzbekistan deals

The two states pledged to cooperate on energy, transportation and more, including the strategic Chabahar port.

Iran

Minister for the Future says 'Projects of the 50' aims to make UAE global hub

Ohood Khalfan Al Roumi, the UAE's minister of state for government development and the future, explains the Gulf state's strategic plans over the next half-century.

Legacy: Gulf

Israeli natural gas revenues boom

With a projected increase in output, Israel will have the opportunity to boost exports to Europe.

Israel

Another illegal dig unearths archaeological discovery in Egypt's Giza

After a recent bust in Giza, archaeologists continued to be alarmed by illegal excavations and antiquities smuggling.

Egypt

Dubai supplier to replace coal with natural gas in bid to reduce carbon emissions

The Abu Dhabi National Oil Company signed an agreement to provide Dubai with natural gas, which will be used to generate electricity. Natural gas is a relatively clean fuel but does lead to carbon emissions.

United Arab Emirates

Israel-Gulf trade flourishes in two years of Abraham Accords

Bahrain and the UAE expect that the scope of bilateral trade with Israel will continue to grow significantly in coming years.

Israel

With warming of diplomatic ties, Israel, Turkey expect bilateral trade boom

Now that diplomatic relations have improved, Israel hopes to increase and expand its exportations to Turkey in fields such as water treatment, smart agriculture and energy.

Israel

Egypt to adopt Russian Mir payment system to encourage tourism, trade exchange

Russian tourists and companies will be allowed to pay through the Russian Mir system in Egypt ahead of the winter season, which Cairo is hoping will boost its tourism sector.

Egypt

Saudi GDP quarterly growth rate reaches 10-year high

Saudi Arabia is investing in several sectors in its bid to diversify the economy, but oil remains a major driver of growth.

Saudi Arabia

Despite ‘crypto winter,’ digital currency use remains high in Turkey

Crypto is down, but not out for dedicated traders, particularly in high inflation markets like Turkey, where digital tokens continue to draw users looking to earn, save and transfer hard currencies.

Turkey