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
Can 'de-dollarization' break Iran’s economic isolation? While there are many risks involved with currency swaps, such endeavors do present an opportunity for Iran to enhance the stability of its economy. Turkey
Saudi Arabia eyes Iraq's Anbar for potential investments Riyadh is considering significant investments in Iraq's Anbar province, but is facing opposition from certain Iraqi political forces and Shiite factions. Saudi Arabia
Egypt's street vendors face new restrictions Egypt’s parliament is drafting a law regulating the work of street vendors, which would save street vendors from remaining under the mercy of local authorities. Egypt
Why Iran moved to unify dual exchange rates Iran’s government was left with no choice but to resort to unifying the official and open market currency exchange rates to tame the rial's slide during a currency crisis, which has spurred some positive efforts. Iran
Why are Turkey’s gold reserves on the rise? The Turkish central bank’s gold reserves have reached an unprecedented level of more than $25 billion under a strategy shift driven by a combination of financial strains and risks stemming from tensions with the United States. Turkey
Shared airspace helps Egypt, Russia gain common ground Tourism and joint development projects should get a boost from recently resumed flights between Cairo and Moscow. Egypt
Will Iran’s banking sector collapse? While Iran is certainly on the brink of a major banking crisis, the likely outcome won’t be financial collapse but rather a restructuring of banks. Iran
Curbing inflation tops Sisi’s list of economic priorities With Egyptian President Abdel Fattah al-Sisi securing a second term, many economists are still wondering how to deal with inflation and soaring prices, while questioning the future of the armed forces' participation in the economy. Egypt
Tunisian president denies plan to dismiss PM A spokeswoman for Tunisian President Beji Caid Essebsi has dismissed claims that the head of state intends to fire the prime minister as politically baseless. Tunisia
Iranian banking reforms gain steam after long delay Progress on major banking reforms in Iran finally moves in the right direction after years of stalling. Iran
Turkey’s controversial wealth fund stumbles badly since hasty creation Turkey’s sovereign wealth fund, which holds key public assets worth $160 billion, has stumbled badly since its hasty creation in 2016. Turkey
Egypt planning slew of IPOs to boost 2018-19 budget Listing 23 Egyptian state-owned companies on the stock exchange is among several steps that the recently announced state budget will rely on to achieve a 5.8% growth rate in the next fiscal year. Egypt
