Saudi, Emirati oil prices reach record highs

The Russian invasion of Ukraine has led to historically high oil prices.

By Al-Monitor Staff

How Ukraine crisis undermines Turkey's economic program

Ankara’s economic program has hit a deadlock under the impact of Russia’s invasion of Ukraine, marked by a stream of fuel hikes, canceled tourism bookings and textile orders, and shortage fears in the food sector.

Turkey

Turks rush to buy sunflower oil as Ukraine war menaces food prices

Despite official assurances over supplies of basic items, a holdup of imports from Russia and Ukraine has already sparked panic buying of sunflower oil.

Turkey

UAE partners with US investing firm BlackRock

The New York-based BlackRock signed a memorandum of understanding with UAE's global investment platform Investopia.

United Arab Emirates

Turkey balks at coal phaseout amid growing energy woes

Turkey’s pledge to reach net zero carbon emissions by 2053 has come into question after a major climate meeting ended without a coal phaseout plan.

Turkey

Children's education at risk in Lebanon due to economic crisis

More than 700,000 kids are at risk of never returning to a classroom due to rising poverty, while thousands have dropped out of school to engage in child labor or get married.

Lebanon

Oil prices, Saudi Aramco shares soar as Ukraine fighting continues

Saudi Arabia, Russia and other major oil producers have so far declined to increase production despite pleas from the United States.

Saudi Arabia

Turkey’s inflation hits 54.4% as Ukraine crisis threatens fresh blows

Russia’s invasion of Ukraine is producing fresh headwinds for Turkey’s economy, including further inflationary pressure and looming blows to the country’s tourism sector, a vital source of hard currency revenues.

Turkey

Analysis

Israel, Egypt tighten energy ties

The natural gas pipeline agreement signed in Cairo mid-February has geostrategic importance that extends far beyond financial benefits to Israel.

By Danny Zaken

In Ma'ale HaHamisha, reporting on Israel

Analysis

Israel’s trade with Ukraine, Russia to be affected by conflict

Israel fears that the ongoing conflict could negatively affect trade with both Russia and Ukraine, in high tech, but perhaps also on wheat, coal and diamonds.

By Danny Zaken

In Ma'ale HaHamisha, reporting on Israel

Gaza weary of Ukrainian crisis as wheat supplies dwindle

Traders in Gaza criticized the recent government decision forcing them not to raise prices of goods despite a looming crisis of shortages, as the besieged enclave mainly imports its needs from Ukraine, where Russia has launched a war.

Palestine

Turkey’s economy up 11%, but growth brings risk

Turkey’s flashy growth rate in 2021 has been accompanied by a dangerous uptick in inflation and appears bound to drop sharply this year.

Turkey