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
Palestinian reconciliation takes its toll on new PA budget The Palestinian reconciliation will require a substantial increase in the PA budget, including new hires for security and resolving the ongoing crisis involving civil servants appointed by Hamas. Palestine
Kurdish crisis could benefit Iran-Turkey-Russia energy deal As markets react to Iraq's reclamation of Kirkuk oil fields, other countries stand ready to take advantage of opportunities being created for energy producers. Iraq
Turkey does real business with virtual money Bitcoin usage is on the rise in Turkey, where businesses in various sectors, from informatics and engineering companies to pharmacies and taxi stands, have come to accept the virtual currency. Turkey
Turkey sees 'village uprising' as rural areas hit hard by liberal economic policies In rural Turkey, farmers and livestock producers are fighting back against the government's new economic policies. Turkey
Surging imports wipe out Iran’s trade surplus Rapidly increasing imports wipe out the Rouhani administration’s positive trade balance, shining a light on the need to further promote exports. Iran
Erdogan forges ahead with his 'dream' to build a canal to rival Suez The government wants to dig an artificial waterway between Istanbul’s two seas to spur economic growth, but conservationists and economists say the Istanbul Canal will prove costly for the city. Turkey
Russia's balancing act in North Africa Despite Russia's very different relations with Algeria and Morocco, Moscow takes pains to treat them the same. Algeria
Egypt hopes for economic boost from Palestinian reconciliation Economic opportunities in the Gaza Strip following the Fatah-Hamas deal could prove beneficial to Cairo, yet the fragile security situation poses potential obstacles. Palestine
Deal with Iran boosts Turkey’s hopes of trading in national currency Turkey has long sought to increase the use of its national currency in trade with Russia, China and Iran, but due to significant trade imbalances with the others, only Iran appears to offer a viable prospect. Turkey
Egyptian government making headway in fight against Cairo's 'black cloud' While finding solutions for clearing the black cloud of smog produced from burning rice straw in Cairo, the Egyptian government is hoping to simultaneously create a boon for Egypt’s economy. Egypt
Amid reconciliation efforts, Palestine sets its eyes on Gaza gas field The Palestinian Authority is deploying continuous efforts to begin excavation works in the Gaza Marine gas field off the coast of the Gaza Strip. Palestine
With imports and deficit down, are things looking up for Egypt? Some in Egypt see a decline in imports and decreased trade deficit as temporary phenomena, while others believe it to be an opportunity to develop the country's industrial base. Egypt
