Suez Canal traffic soars as Hormuz disruptions reroute energy trade The canal generated $419 million in revenue in April, up 27% year over year. Egypt
Syria says Iraqi oil shipments surge as Damascus courts foreign energy investment Speaking at the Atlantic Council Global Energy Forum in Washington on Tuesday, Syrian Petroleum Company CEO Yousef Qiblawy said Iraq's overland oil exports through Syria have expanded rapidly in recent months. Syria
Explainer Saudi Arabia, Turkey advance plans to revive historic Hejaz Railway Turkish and Saudi officials signed agreements as part of a Turkish push to revive the Hejaz Railway linking Turkey to the Gulf through Syria, Jordan and Saudi Arabia. Turkey
Analysis Turkey pushes Iraq, Syria trade routes as Hormuz crisis disrupts Gulf shipping Turkey is using the Hormuz crisis to promote Iraq- and Syria-based Gulf-Europe corridors, but experts say the routes remain too costly, underbuilt and politically fragile to rival maritime shipping. By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Analysis Why Turkey sees opportunity in Hormuz crisis to boost Middle Corridor By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Shakeup of economy team stuns Turkey, cheers investors Presidential son-in-law Berat Albayrak has quit as finance minister amid economic turmoil, but most news outlets pretended it didn’t happen. Turkey
Egypt bets on oranges to boost exports to Japan Japan allowed the Egyptian government to export citrus fruits after long negotiations between the two sides, in a step officials and experts believe will contribute to increasing Egyptian exports, pumping foreign currency into the country, creating job opportunities and increasing farmers’ income. Egypt
Lebanese brace for lifting of subsidies as conditions deteriorate As Lebanon suffers from its worst economic crisis in decades, the Lebanese are growing concerned as the central bank warns that its reserves will soon be depleted, forcing it to lift subsidies off basic commodities. Lebanon
Inflation rises in Turkey as lira falls for ninth consecutive day Turkey’s lira hit new lows Tuesday, becoming the worst-performing emerging market currency of the year following a rise in inflation last month. Turkey
Egypt, Ukraine discuss cooperation in furniture industry Egypt and Ukraine step up cooperation in the furniture industry, as both countries eye new markets in Africa and Eastern Europe. Originals
Egypt-Sudan eye cross border railway network Railway discussions follow increased engagement and coordination over Egyptian dispute with Ethiopia over Grand Ethiopian Renaissance Dam. Egypt
Egypt looks to South Korea to revitalize small businesses Egypt has moved to cooperate with South Korea to develop its small and medium-sized enterprises sector, which is the main pillar of sustainable development and a key to creating jobs for the country’s youth. Originals
Al-Azhar, Egyptian observers and activists divided over boycotting French products Egypt’s Al-Azhar, along with social media activists from Egypt and the Arab world, launched harsh campaigns against the French government for supporting the cartoons that offended the Prophet Muhammad. Egypt
Erdogan’s economic policies show growing disconnect from working class Turkish President Recep Tayyip Erdogan aims for social justice by distributing the loot to his favorite powerful elites at the expense of hardworking blue- and white-collar professionals. Turkey
Turkish lira slump continues as foreign tensions simmer The Turkish lira continued record losses Tuesday against major currencies as analysts questioned Central Bank independence and Ankara saw political spats deepen with foreign allies. Turkey
Egypt swoops in Saudi markets amid boycott of Turkish products Egypt is trying to substitute Turkish products with Egyptian products in Saudi Arabia, in an attempt to exploit the popular boycott campaign launched by the Saudis against Turkish products in light of the Turkish-Saudi tensions. Originals
Can Gulf states adopt universal basic income? Existing social welfare systems have insulated Gulf nationals from changing economic realities and the likelihood of a major global energy transition in the coming decades. Legacy: Gulf
