Saudi Arabia outlines oil export plans amid escalating Houthi attacks Saudi authorities said on Monday they were extending the suspension of operations at King Khalid International Airport after deadly attacks over the weekend by Yemen's Iran-aligned Houthis. Saudi Arabia
Iraq devalues dinar 13% as Hormuz disruption hits oil revenue The central bank said in a statement that it had revised the official exchange rate to 1,520 Iraqi dinars per dollar from around 1,320. Iraq
Erdogan aide named suspect in Turkey financial scandal Former AKP deputy chairwoman Fatma Betul Sayan Kaya is facing allegations of being linked to a market manipulation scandal. Turkey
UAE-Syria move ahead on $20 billion real estate mega-developments Major housing and tourism projects in Damascus and Latakia are set to advance following a new agreement with UAE real estate tycoon Mohamed Alabbar. Syria
Analysis Turkey’s $20B fund crisis: Who profited, and who will pay? By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Syrian businessmen succeed in Turkey Syrian businessmen continue to partner with Turks in Turkish enterprises, even though such Turkish sponsorship is no longer required by law. Syria
Egypt to bridge 4% of budget deficit through elections Egypt’s National Elections Commission is set to impose a fine on Egyptians who did not take part in the March 2018 presidential elections. Egypt
How Palestinian exports of $1 billion impact trade deficit Governmental and nongovernmental parties in Palestine are trying to support the export sector in a bid to reduce the trade deficit and dependency on the Israeli economy. Palestine
Putin, Sisi take Russia-Egypt relations to 'strategic level' Moscow and Cairo signed a strategic cooperation agreement that is supposed to open new venues for bilateral relations in the military, political and cultural domains. Egypt
Why Iran must seriously act to address rent seeking While the top elites of the Islamic Republic are recognizing the need to address mismanagement of the Iranian economy, the core issue remains the rent seeking that is thwarting genuine reform. Iran
Iran hedges bets on EU, China with focus on trade with neighbors Beyond engaging with Europe and major global trading partners such as China, Iran is looking to its neighbors to blunt the impact of US sanctions. Iran
Ongoing blockade will cause Gaza to explode in the face of Israel, Hamas warns Employees are being laid off and shops are closing down in the cash-strapped Gaza Strip, while the World Bank warns that the economy is collapsing after a decadelong blockade. Palestine
Ankara pins electoral hopes on ignoring economic realities The Turkish government’s vacillations and zigzagging in the face of the country’s economic woes reflect how squeezed it has become economically and politically and how concerned it is about it with elections scheduled for March. Turkey
Will the PA be able to invest in Area C? Palestinian Prime Minister Rami Hamdallah demanded that the Palestinian Authority be allowed to invest in Area C, considering it a way to achieve development, create jobs and increase the Palestinians' GDP. Palestine
How will Basra be affected by the closure of US consulate? Officials and experts in the city of Basra warn of the massive negative effects on the city following the US State Department's decision to close its consulate there. Iraq
Europe’s big eggs in Turkey’s economic basket Economic concerns lie at the heart of Turkey’s moves to repair ties with European countries, which, in turn, are open to Ankara’s overtures due to the significant stakes they have in the ailing Turkish economy. Turkey
“Made in Jordan”: Are consumers buying it? The “Made in Jordan” campaign has been trying to instill a sense of pride in locally produced goods with the long-term goals of boosting industry and decreasing unemployment. Jordan
