Analysis Gulf aluminum pursues global deals as Hormuz crisis accelerates shift Gulf aluminum exporters are targeting global deals amid fallout from the US-Israel-Iran war, which has pushed prices to multiyear highs in early June. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Saudi Arabia lifts 5-year ban on Lebanon imports: What to know Saudi Arabia had been a main donor for Lebanon before ties strained during Hezbollah’s rising influence in the country. Lebanon
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
Analysis Turkey pushes Iraq, Syria trade routes as Hormuz crisis disrupts Gulf shipping By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Why Turkey’s export rise is hard to sustain A heavy reliance on imported inputs to manufacture goods for export casts a shadow on Turkey’s hype about headway in foreign trade. Turkey
Salih: Iraq can be a 'bridge to the economies of the region' Iraqi president charts new direction for Iraqi foreign policy based on "interrelated interests" at Sulaimani Forum; Iraq-Jordan trade deal should help address Jordan’s unemployment crisis; Rouhani arrives in Iraq to boost trade; US shifted arms from Iraq to Syria in second half of 2018. Iraq
Egypt’s first sovereign wealth fund to tap unused assets Egypt recently announced the establishment of a sovereign wealth fund aimed at managing the state’s unused assets to promote development and investment projects. Egypt
Egypt to supply Sudan with electricity Egypt announced the completion of a substation in the south of the country that will export electricity to Sudan in exchange for goods. Egypt
Saudi investment fund hires US PR firm to create distance from crown prince New York-based Karv Communications will be paid $120,000 a month to “create a clear distinction” between the $200 billion fund and its embattled chairman. Saudi Arabia
Why artists are speaking up against ‘dirty money’ in Iranian cinema The increasing emergence of “dirty money” in Iranian cinema has sparked an outcry among artists, producers and directors, who are urging action to stop the phenomenon from ruining the industry. Iran
As Iran mulls joining financial watchdog, Israel sees win-win situation If Iran joins the FATF anti-money laundering organization, the Islamic Republic might find it harder to fund militant organizations in the region, but if Iran does not join, it may lose what few international banking connections it already has. Israel
Can Saudi Arabia afford a stimulus? Oil-revenue-dependent Saudi Arabia still has $490 billion in reserve assets, but its massive foreign and domestic commitments and a long-term declining demand curve for oil could spell trouble down the road. Saudi Arabia
Turks fire back as Trump ends preferential trade status The United States removed Turkey from its list of countries that enjoy tariff-free access to the US market, a decision criticized by the Turkish government. Turkey
Exodus by big firms pushes Iran toward smaller Chinese enterprises To mitigate the impact of harsh US sanctions, Iran is increasingly turning to China by dispatching high-ranking delegations to Beijing to augment trade. But China is also mindful not to cross the red lines drawn by the United States. United States
Egypt finds its nationals new job markets abroad The difficult economic conditions and nationalization of jobs in Gulf states have caused a problem for Egyptians willing to work overseas, and prompted thousands to return home. Legacy: Gulf
Is Erdogan's airport dream turning into nightmare? The Istanbul New Airport's current and projected damage to ecosystems, its subpar construction and its woeful financial setup is turning the project into a grandiose failure — one that will cost the Turkish public dearly for decades to come. Turkey
