Norway's wealth fund vows to stay invested in Israel after selling shares in 11 firms In a press conference on Tuesday, the fund said it had sold the stake in Bet Shemesh Engines Ltd, a group that provides services to the Israeli military, including the maintenance of fighter jets. Israel
Mideast private equity down 38%, but higher-value deals dominate Saudi Arabia was the region’s most active market with 13 transactions, followed by the UAE with 12. Saudi Arabia
Wealthy flock to UAE, fueling Dubai’s 32% company surge: What to know Gulf states are diversifying their economies away from reliance on oil, and the UAE is leading the charge, with the country on track to welcome nearly 10,000 high-net-worth individuals this year. United Arab Emirates
Meet Karim Attiyeh, youngest Arab American billionaire of Lebanese origin Karim Attiyeh, a Lebanese-born technologist, has been named by Forbes Middle East as the youngest billionaire of Arab origin in the United States, joining the list of the 125 richest immigrant billionaires in the US. Lebanon
Ankara’s economic measures bring little relief against virus crisis The embattled Turkish lira has continued to nosedive and Turkey’s risk premium has climbed to new highs despite a package of government measures to stem the economic impact of the coronavirus pandemic. Turkey
Lebanon struggles to cope with COVID-19 amid financial crisis As Lebanon reels under the brunt of the worst financial crisis in its recent history, the government struggles to provide the necessary equipment to be able to cater for a potential increase in novel coronavirus cases. Lebanon
What impact will Lebanon’s looming debt crisis have on its society and economy? Lebanon’s government is still negotiating the issue of Eurobonds maturing next week, with analysts saying that whatever the steps, Lebanon will face an even more agonizing economic downturn. Lebanon
Debt ordeal hovers over Turkey’s ‘megaproject’ builders Companies involved in Turkey’s “megaprojects” have incurred some of the worst damage that the slump of the Turkish lira caused on foreign loan liabilities in the private sector. Turkey
Lebanon’s new government has its work cut out for it The newly formed Lebanese government is in for real challenges, mainly the crisis of the collapsing Lebanese pound and debt that has reached a record level. Lebanon
Fresh currency fears loom over Turkey Despite a series of unconventional measures to keep hard currency prices in check, Turkey appears headed for fresh currency turmoil. Turkey
Lebanon to ask IMF for technical help with economic crisis Amid a deepening financial and monetary crisis plaguing Lebanon, a government source announced that the country is to officially request the IMF’s help. Lebanon
Why are more Russians buying property in Turkey? Despite political tensions between Moscow and Ankara, Russians are increasingly purchasing property in Turkey. Turkey
Will Palestinian central bank, currency ever see light of day? A Palestinian central bank has been a long time in the making, and if Israel reacts as expected, it could be even longer before the institution becomes a reality. Palestine
Turkey edges toward Islamic law with new finance rules Turkey's ruling party has imposed religious rules in the public sphere, a move that could have major implications for the country's future. Turkey
Fresh banknotes spark new economic war in Yemen The UN-recognized Yemeni government has pumped new banknotes into the country, but the Houthis are banning their circulation in areas under their control, burdening Yemenis and exacerbating problems for the already struggling economy. Yemen
Facing US sanctions, credit-fueled Turkish economy heads toward turbulence Through measures to free up capital flows, Turkey’s economy weathered the 2018 currency crisis, but analysts remain uncertain the nation’s markets can absorb more shocks as US sanctions loom. Turkey
