Macron secures Gulf diesel supplies as France grapples with fuel costs, unrest France now has commitments for 295,000 metric tons of diesel per month from the Gulf, accounting for just over 10% of the European country’s consumption. Bahrain
Saudi Arabia postpones 'Davos in the Desert' until 2027 amid Houthi attacks The Future Investment Initiative, which typically attracts the CEOs of some of the biggest companies in business, finance, and technology to Riyadh, will now be held next year. Saudi Arabia
Analysis How Hormuz crisis is reshaping economic ties between Iraq and Syria Iraq and Syria are expanding trade and energy cooperation, but security risks, economic challenges and longstanding mistrust raise questions about whether their growing partnership can endure. By Shelly Kittleson In Baghdad, reporting on Iraqi politics
Syria to rejoin Arab group at IMF, leaving Russian-led constituency Syria will rejoin the Arab constituency at the International Monetary Fund beginning Nov. 1 and has applied for membership in the EBRD. Syria
How Lebanese banks can restore customers’ confidence Amid reports that the Lebanese government plans to merge and liquidate some banks, citizens are concerned about their deposits while the economic situation continues to deteriorate. Lebanon
Mohamed Ali returns to slam Sisi on COVID-19 — is anyone listening? Mohamed Ali, an Egyptian construction contractor who last year called for protests against Egyptian President Abdel Fattah al-Sisi, has recently appeared on social media, accusing the government of failing to deal with the coronavirus outbreak. Egypt
Sudanese immigrants in Lebanon try crossing border into Israel In recent months, Sudanese refugees have been trying to enter Israel by slipping across the tense border with Lebanon. Israel
Intel: US warns Middle Eastern partners against Chinese investment The State Department’s top official overseeing US policy in the Middle East warned countries in the region against accepting Chinese investment, contracts and coronavirus aid during a virtual interview with the Middle East Institute today. Israel
Jordan further eases restrictions after continued success against virus Jordan has had relatively few confirmed COVID-19 cases. Jordan
Egyptians returning from the Gulf face uncertain economic future While studies expect an economic catastrophe in Egypt due to the coronavirus-related recession of the Gulf economy and the resulting demobilization of thousands of Egyptians working abroad, some observers believe that the return of Egyptian workers will develop an efficient Egyptian labor market. Legacy: Gulf
Turkey to reopen border crossings with Iran, Iraq By opening two border crossings with Iran and Iraq, Turkey is seeking to boost the economy, and many businesses resume operations in the country this week. Iraq
Iran turns to bonds to solve budget crisis Tehran has chosen to issue domestic bonds to address its expected budget deficit, a policy that promises to have complex impacts on Iran's economy. Iran
Kurdish authorities in Iraq lift lockdown following protests The reimposed lockdown came amid an increase in COVID-19 cases, but people protested the lack of work opportunities due to the restrictions. Iraqi-Kurdistan
Poverty could double in the West Bank as coronavirus takes toll, World Bank warns The bank estimates the percentage of poor households in the West Bank will increase from 14% to 30% in 2020. Palestine
Oman’s public sector reform risks brain drain By letting go of thousands of foreign experts, Oman risks losing the know-how central to achieving economic diversification. Oman
In latest spending cut, Oman not renewing majority of foreign consultant contracts Contracts will not be renewed for at least 70% of foreign experts and consultants working for the Omani government. Oman
