Explainer IMF projects Gulf rebound in 2027. Can energy production keep pace? Restoring shipping access in the Strait of Hormuz is only part of the recovery, as Gulf producers also need to repair damaged infrastructure to avoid further disruption to production and exports. Saudi Arabia
Jeddah airport flights disrupted as Houthis escalate threats Saudi Arabia’s busiest airport, Jeddah King Abdulaziz International Airport, saw widespread flight cancellations and delays on Tuesday. Saudi Arabia
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
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
Will Sadr’s victory impact Russia-Iraq relations? The pragmatism displayed by Iraq's Muqtada al-Sadr indicates that Moscow-Baghdad ties will continue — or even expand — when the new government is formed. Iraq
Turkey’s agricultural decline rings alarm bells The Turkish government is under fire for mismanaging the agricultural sector, whose decline has sent food prices soaring and forced the importation of basic items such as wheat, beans, meat and even straw. Turkey
Turkish defense industry at critical juncture After significant progress on the domestic level, the Turkish defense industry has reached a challenging phase in which it needs to enhance its export capacity to ensure sustainable growth. Turkey
Egypt eyes World Cup as golden opportunity for economy After a 28-year absence, Egypt hopes to take advantage of its participation in the 2018 World Cup, hosted by Russia, to achieve some economic gains. Egypt
The unorthodox theory behind Erdogan's monetary policy Economists and investors are not buying the controversial economic theory invoked by Turkey’s president to justify low interest rates in the face of high inflation and the lira's collapse. Turkey
Egypt to float state shares to boost stock market The Egyptian government has decided to sell shares in state-owned companies as part of the series of economic reforms connected to its $12 billion loan from the International Monetary Fund. Egypt
Turkish lira in tailspin as Erdogan spooks investors Clinging to unorthodox economic views, Turkey’s president has effectively paralyzed the central bank as the Turkish lira’s meltdown continues, threatening major economic turmoil. Turkey
After Iran deal exit, average Iranians worried about the future Uncertainty in the aftermath of the US withdrawal from the Joint Comprehensive Plan of Action is fueling pessimism about the future among ordinary Iranians. Iran
Turkey and Israel: Barking, biting, but still doing business The ties between Israel and Turkey are being strained and stretched, but they aren't likely to snap as long as both sides benefit from the relationship. Israel
Egypt’s animal-drawn cart owners struggle as government crackdown intensifies Some animal-drawn cart owners are finding it hard to make ends meet as the Egyptian government intensifies its crackdown against them as part of its campaign to fight traffic congestion in Cairo. Egypt
Turkey welcomes back foreign cash, no questions asked Scrambling to ease a bruising hard currency crunch, the Turkish government has enacted a wealth amnesty bill that opens the door to the repatriation of shadowy money from abroad. Turkey
Why China may not come to Iran’s rescue While China remains committed to the implementation of the nuclear deal with Iran, the extent of its economic interaction with the Islamic Republic may be limited by US sanctions. United States
