Passenger traffic increases in Beirut airport

The Lebanese government is banking on Lebanese abroad to visit the country and spend money amid the continued economic crisis.

Lebanon

Egypt’s monthly inflation falls for first time in 2022

The Central Bank of Egypt declined to raise interest rates again last month. Annual inflation is still up from last year.

Egypt

Israel likely to see accelerated capital influx, especially from new regional alliances

Daniel Frankenstein

Emirati port operator, Uzbek oil company to open trade hub, cooperate on freight

Other Middle Eastern states are also seeking better economic relations with Central Asia.

Legacy: Gulf

Oil services companies stop work in Iraqi Kurdistan after court ruling

Iraq’s supreme court recently ruled that the autonomous part of northern Iraq cannot conduct oil deals independent of the federal government, resulting in significant tension.

Iraq

UAE signs free trade agreement with Indonesia after deals with India, Israel

The UAE has a similar deal in the works with a South American country next.

Legacy: Gulf

Price hikes worsen food insecurity in Palestine

Thousands of Palestinian families are facing the threat of food insecurity, as a result of the significant rise in the prices of basic commodities, while officials fail to address the issue.

Palestine

Syrians adapt to tumultuous Turkish environment

In the decade-old Turkish diaspora, thousands of Syrians have started businesses that fill niches in Turkey and open up new export markets — but economic and political challenges are rising.

Turkey

Turkey’s runaway inflation soars to near 79% 

The Turkish government’s continued failure to stabilize the battered lira raises the prospect of inflation topping 100% in the fall.

Turkey

Saudi fast food giant ready to challenge KFC in Egyptian market

The introduction of Saudi fast food chain Albaik to Egypt is part of the $7.7 billion investment package announced during the recent visit of Saudi Crown Prince Mohammed bin Salman to Cairo.

Saudi Arabia

Expats to bring Lebanon relief in summer wave

Lebanon expects more than 18,000 visitors during the first part of the summer season as tourism shows signs of rebounding.

Lebanon

Sweet potatoes revive Egypt's dream of reducing wheat imports

Expecting Ukraine war-induced wheat supply problems, Egypt is experimenting with using sweet potatoes in bread, amid hopes that the new measure will significantly reduce wheat imports.

Egypt