US Senate approves repeal of Caesar Act sanctions on Syria: What to know The 2019 Caesar Act imposed sweeping sanctions on Syria to hold the government accountable for human rights abuses committed during the country’s civil war. Syria
Saudi investment minister visits Morocco, Senegal on Africa trade drive Saudi Arabia has pledged more than $41 billion in investment in sub-Saharan Africa over the next decade. Saudi Arabia
Iran, Russia, Central Asia states ink Caspian Sea pact, plan naval drills The navies of Iran, Russia, Azerbaijan and Kazakhstan signed a comprehensive strategic cooperation agreement on Wednesday, aimed at strengthening security in the Caspian Sea basin as the four countries deepen their relations. Iran
World Bank ups Middle East 2025 economic outlook as oil, tourism rebound The lender expects gross domestic product growth in the region to average 2.8% this year, up from its April forecast of 2.6%. Iran
With warming of diplomatic ties, Israel, Turkey expect bilateral trade boom Now that diplomatic relations have improved, Israel hopes to increase and expand its exportations to Turkey in fields such as water treatment, smart agriculture and energy. Israel
Co-working draws Lebanese amid economic, power crises Several businesses in Lebanon have started utilizing co-working spaces, allowing them to cope with crises by sharing ideas and skills as well as offices. Lebanon
More hurdles could delay opening of Egypt’s new administrative capital The resignations of two executives of the company managing the new administrative capital project in Cairo have raised questions about the project and its feasibility in light of the deteriorating economic situation in the country. Egypt
Investment in Israeli food tech doubles Israel is quickly becoming one of the world leaders in cultivated meat, dairy and seafood products. Israel
Is dollarization best option for Lebanon’s collapsing economy? In light of the continued collapse of the Lebanese currency, some are suggesting that the dollarization of the economy may be the best option to revive the country’s financial system. Lebanon
Israeli settlement intended for ultra-Orthodox draws new residents After years of failure to attract ultra-Orthodox residents, the West Bank settlement of Emmanuel is starting to interest middle-class families. Israel
Netanyahu campaign leans on Israel's economic woes Opposition leader Benjamin Netanyahu is focusing his electoral campaign on the failure of the government to lower the cost of living and better working conditions in schools and hospitals. Israel
Iran’s trade with Turkmenistan on pace to double this year Iran is seeking more trade with its neighbors and other countries in Central Asia. Iran
Saudi Arabia to invest $1 billion in Pakistan, following UAE and Qatar Pakistan is seeking help from the Gulf amid its foreign currency reserves crisis. Saudi Arabia
Egypt-Chinese consortium to run terminals in Red Sea, Mediterranean ports The Egyptian government signed new concessions with a Chinese alliance to build and operate two world-class container terminals in the ports of Sokhna and Dekhila, as part of a container logistics project to link the Red and Mediterranean seas. Egypt
Iran, Russia use own currencies for trade Saudi Arabia and India have also signaled moving away from the US dollar. Iran
Egypt’s foreign reserves drop 19% due to economic crisis caused by Russia-Ukraine war Egypt’s public budget is facing a major deficit due to the increase in expenditures and national currency depreciation. Egypt
