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
After big boom, Turkey’s aviation sector heads for turbulence Led by national carrier Turkish Airlines, Turkey’s civil aviation sector has grown impressively since 2003, but its heyday may be over due to the strain of economic and political factors. Turkey
Turkey mulls 'national' bitcoin A government-promoted push for the "native and national" in almost every realm has reached the sphere of cryptocurrency despite Turkey's lingering mistrust of bitcoin. Turkey
Congress skeptical of Saudi nuclear energy demands Lawmakers are making it clear that any proposal to share civilian nuclear technology with Saudi Arabia must include robust nonproliferation safeguards. Saudi Arabia
Six factors driving Iran’s sudden currency devaluation A confluence of political, economic and psychological factors appears to be behind the recent plunge in the Iranian currency’s value on the free market. Iran
Anxious Turkish investors eyeing opportunities abroad Mounting political tensions, uncertainties and declining rule of law in Turkey are pushing Turkish entrepreneurs to consider investing abroad. United Arab Emirates
Turkey eyes Indian weddings to prop up tourism industry The Turkish tourism industry, scrambling to recover from its worst crisis in years, seeks to grab a share from India’s lucrative wedding market. Turkey
Questions abound as Iranians claim US Treasury licensing plane sales to Iran The US Treasury Department is reportedly finally moving on issuing the necessary licenses for airplane sales to Iran after a long period of inactivity. United States
Iran’s police step in to contain foreign currency debacle Iranian police enter the fray to contain an emerging foreign exchange crisis. Iran
PA must take difficult road to financial freedom from Israel Despite deciding to sever economic ties with Israel, the Palestinian Authority has yet to show it's willing to take the difficult steps that are essential to achieving economic independence. Palestine
Iran, Azerbaijan warm up ties after years of frost While Iran and Azerbaijan have had relatively chilly relations in past decades, the two neighbors finally appear to be on the path to closer ties. Iran
Long-awaited bankruptcy law sparks optimism in Egypt The Egyptian parliament passed a new bankruptcy law to regulate the restructuring of viable but troubled companies, in a move experts say will boost the economy. Egypt
Will the Palestinian Authority dump the shekel? Palestinian President Mahmoud Abbas is taking steps toward complete disengagement from Israel, including examining replacing the Israeli shekel. Palestine
