Egypt’s non-oil sector suffering under high inflation: Report

Egypt is experiencing rising inflation and the depreciation of its currency, but the country’s stock exchange is doing well and the IMF recently agreed to a massive aid package.

Egypt

HSBC warns Netanyahu’s judicial overhaul will harm Israel's economy

The leading European bank echoed last week's warnings by JPMorgan over the negative effects the judicial reforms pushed by the current Israel government could have on the country’s economy.

Israel

Iran stops taxing foreign currency imports amid liquidity crunch

The Central Bank of Iran has a shortage of foreign currency and the United States is seeking to stop the flow of dollars into the country.

Iran

JPMorgan warns about investment risk in Israel

The major US investment firm is concerned about the government’s judicial reform efforts contributing to domestic volatility.

Israel

Egypt keeps interest rates unchanged to start 2023

Inflation in Egypt was on the rise at the end of 2022, with food prices being of particular concern.

Egypt

UAE and Saudi Arabia to compete for top global ranking in green energy

Here's how the UAE and Saudi Arabia can become the world's top green energy providers.

Afshin Molavi

Turkey plans to expand renewable energy but sticks to coal, nuclear

Clean energy advocates say Turkey should speed up its shift to renewable sources not only out of environmental concerns, but also to reduce its costly reliance on imported energy.

Turkey

Saudi Arabia’s ambitions loom large over UAE’s business expat community 

Pro: Saudi Arabia is trying to pry multinationals away from the UAE's financial hubs, forcing business expats in the Gulf to make a difficult decision.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Qatar stays put after US, Saudi Arabia, UAE raise interest rates

The Gulf central banks’ moves followed the US Federal Reserve raising its rates. Inflation increased in both Qatar and Saudi Arabia at the end of 2022.

Legacy: Gulf

Explainer: What is behind Lebanon's new exchange rate?

There are multiple exchange rates between the Lebanese pound and the US dollar, and the official rate being below the black market rate helps financial institutions pass on their losses to the public.

Lebanon

Signaling US, OPEC+ agrees to keep oil production unchanged

Experts say the decision by Saudi Arabia, Russia and other major oil producers could be motivated by a desire to maintain calm with the United States.

Legacy: Gulf

OPEC+ likely to maintain oil output at meeting, in gesture to US

While the OPEC+ group is expected to maintain oil production at its virtual meeting set for Feb. 1, global demand for oil is estimated to reach a record high in 2023.

Legacy: Gulf