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
How Egyptian public workers will stay warm this winter An initiative to allow Egyptian public sector employees to buy winter clothes and pay in installments amid soaring prices could revive the stagnating garment sector. Egypt
Israeli tech puts Iranian ride-hailing startups in bind Drivers for Iranian ride-hailing companies have been using an Israeli navigation app, causing conflict between the relatively new businesses and judicial authorities. Israel
Two years after jet crisis, do Russians really trust Turkey? Russians appear to have forgiven Turkey for its jaw-dropping decision two years ago to shoot down a Russian jet, but forgetting is another matter. Turkey
Designers bring local talent back to Beirut’s souks Development company Solidere has invited Lebanese artisans to take over empty spaces in Beirut's Gold Souk, which now hosts a fashion school, workspaces and boutiques selling local handmade products. Lebanon
Iran moves to stamp out corruption opportunities in customs The Iranian government is moving to eliminate customs evasion, a major point of revenue loss and corruption. Iran
Long road ahead for Iran’s medicinal plants industry Once the world’s top exporter of medicinal plants, Iran now faces a multitude of obstacles to keep this industry on track. Iran
Soccer politics reaches fever pitch in Iran Despite promises to promote the privatization of soccer, Iranian authorities retain a firm grip over the sport in the country. Iran
Turkey’s meat row Scrambling to rein in skyrocketing meat prices, the Turkish government has again resorted to imports of cheaper meat, angering producers in the country’s already shrinking husbandry sector. Turkey
Imprudent foreign financing could jeopardize Iran’s economy Contrary to common wisdom, not all foreign financing, especially the type currently trickling into Iran, is good for state finances and the country’s economy. Iran
Inside the world of social media advertising in Iran Entering a new phase, Iranian entrepreneurs turn to social media to boost their brands and sell products. Iran
Rising oil prices add to Turkey’s economic woes The increase in global oil prices and the depreciation of the Turkish lira are a bruising mix for Turkey, which heavily relies on imports to meet its energy needs. Turkey
Turkish defense industry targeting South Asian markets Domestic demand for Turkey's defense products is reaching the saturation point, and Ankara has its eye on South Asia as the most lucrative potential market. Turkey
