Oil falls below $80 as markets rally on Iran-US peace deal: What to know Brent crude futures, the international benchmark for oil prices, fell around 3.15% to $79.99 as of 6:55 a.m. EDT on Monday. Iran
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
Analysis Turkey pushes Iraq, Syria trade routes as Hormuz crisis disrupts Gulf shipping By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Sanctions push Rouhani to boost state involvement in Iran’s economy The impact of the re-imposed US sanctions has forced the Rouhani administration to shift its market-oriented approach to the economy to focus on active involvement by the state. Iran
Turkey’s first 'communist' grocery chain goes global Led by Turkey’s first and only communist mayor, the small town of Ovacik boasts a flourishing farming cooperative whose organic products have taken customers across the country by storm. Turkey
Can new PM make Iraq's grand plans a reality? Iraq's new prime minister is making the economy a priority, but some question whether he will be able to tackle longstanding roadblocks that threaten his plan's success. Iraq
Humor helps Egyptians let off steam during potato crisis Egyptian President Abdel Fattah al-Sisi's comments about youth obesity and a potato shortage at a recent youth conference have unleashed a wave of sarcasm on social media, giving disaffected Egyptians an opportunity to vent their frustration with the rising cost of living. Egypt
Turkey's Finance Ministry, Moody's have opposite views on economy's direction Moody's sees the Turkish economy as likely in recession, while Erdogan's son-in-law says positive results are on their way. Turkey
Iran’s plan to sell oil on local energy exchange could boost economy Iran’s plan to develop an alternative channel to monetize its oil through a local energy exchange faces many obstacles but holds real potential of boosting domestic capacities. Iran
Turkey's skyrocketing food prices show no sign of slowing Ill-advised policies over the decades have reduced Turkey to a net food importer despite its significant agricultural potential, fueling a dramatic increase in food prices that deals the hardest blows to the poorest citizens. Turkey
Al-Bab’s historical covered marketplace back in business Store owners at a market in al-Bab have reopened their shops, which were heavily damaged in the fight against the Islamic State. Syria
Egypt turns jails into economic hubs to outpace inflation As commodity prices continue to increase, Egyptians are resorting to products made in prisons under the government’s policy to encourage detainees to work and learn trades. Egypt
Sudan, Egypt mend fraying ties Sudan decided to lift the ban imposed on Egyptian imports more than a year ago, which raises questions about the impact of this decision on the Egyptian economy in the coming period. Egypt
Turks spooked as government's inflation efforts fall flat Inflation has hit a new recent high of 25% in Turkey and the president's son-in-law and finance minister is struggling to convince the public his anti-inflation plan is getting anywhere. Turkey
Egypt facilitates investment opportunities in Africa The Egyptian government plans to create an investment risk insurance fund to encourage Egyptians to invest more in the African continent and to help strengthen and deepen relations with African nations. Egypt
