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
Turkey’s economy stands to suffer from euro’s downturn The ramifications of the euro’s slide threaten to further stoke Turkey’s currency woes and soaring inflation. Turkey
Israel hails Saudi agreement to open skies to all airlines Riyadh has decided to allow flights from Israel to cross Saudi airspace, significantly cutting flight times to the Far East. Israel
Will Tunisia, Algeria relations recover through land border reopening? Several issues, including gas and the dispute over the Western Sahara, continue to linger over the tense Algerian-Tunisian relations, despite the reopening of the land borders between the two countries. North Africa
India’s use of rupee for import, export payments could boost Iran trade Iran is seeking to boost trade with both Russia and India at present. Iran
Iranian pharmacy has new take on 'wall of kindness' The measure helps poor people obtain medicine amid rising inflation in Iran. Iran
Flydubai suspends flights to Sri Lanka as Emirates, Etihad keep flying Sri Lanka is experiencing mass unrest over its deteriorating economic situation. Legacy: Gulf
Unprecedented inflation hammers Iran Iranians have grown accustomed to high inflation and rising prices, yet recent macroeconomic trends are unprecedented. Iran
Lebanese cook over wood as high gas prices persist Desperation is one of the few commodities Lebanon does not lack as the financial burden of securing necessities such as cooking gas grows heavier. Lebanon
Emirati port operator, Uzbek oil company to open trade hub, cooperate on freight Other Middle Eastern states are also seeking better economic relations with Central Asia. Legacy: Gulf
Lapid’s greatest election challenge will be skyrocketing cost of living Prime Minister Yair Lapid has only four months to show Israelis he can do something about the continuously-increasing cost of living and high housing prices. Israel
Saudi fast food giant ready to challenge KFC in Egyptian market The introduction of Saudi fast food chain Albaik to Egypt is part of the $7.7 billion investment package announced during the recent visit of Saudi Crown Prince Mohammed bin Salman to Cairo. Saudi Arabia
Egypt’s growing fintech ecosystem transforms country’s finances A population of over 100 million, young, largely unbanked, with a high penetration of internet and mobile subscriptions paves the way for innovation in Egypt's fintech sector. Egypt
