Economy and trade

Visiting Israel, Turkish foreign minister rehabilitates bilateral ties

After two years of Turkish courtship, and with Turkish Foreign Minister Mevlut Cavusoglu now on a historic visit to Israel, Jerusalem is willing to rehabilitate bilateral relations.

Israel

The economics of social unrest in Iran 

While the protests themselves are unsurprising, given the economic crises plaguing the country, the fact that they were centered in the southwestern province of Khuzestan is significant.

Iran

Egypt to sell state-owned firms amid economic crisis

Ten of Egypt's largest state-owned companies will be listed this year on the stock exchange, while others will be sold in the coming years as the government tries to attract foreign investors to relieve economic hardships.

Egypt

Iran vows harsh crackdown on economic protests  

Despite a massive security presence, many Iranian cities continue to witness rallies triggered by soaring prices, with protesters chanting slogans against the country's top leadership.  

Iran

Egypt looks to Gulf to revive tourism sector affected by Russian-Ukrainian war

Egypt is seeking to increase Arab tourism from the Gulf at a time when this vital sector has struggled to overcome the recession it suffered with the Russian invasion of Ukraine.

Egypt

Ukraine war drives more traffic to Egypt's Suez Canal, increasing revenues

Although Egypt is being adversely affected by the war in Ukraine, the Suez Canal is benefiting greatly from Western countries sailing into the Gulf in search of oil.

Egypt

Interview

Israeli Minister Frej joins Palestinian aid summit in Brussels

In an exclusive interview with Al-Monitor, Israel’s Regional Cooperation Minister Esawi Frej said that while a strong Palestinian Authority is "of course a Palestinian interest ... it is also an Israeli and international interest."

Esawi Frej

Minister for Regional Cooperation of Israel

World Bank praises Palestinian easing of COVID rules, criticizes Israeli control

The international financial body recommended several governance reforms for the Palestinian Authority to increase economic growth.

Palestine

UAE, Greece sign $4.2 billion agreement

The UAE and Greece have become close allies in recent years.

United Arab Emirates

International pressure compounds Tunisian economic crisis

There are international and local concerns over the political and economic situation in Tunisia, which is hoping for a deal with the IMF in return for implementing reforms that are rejected by the powerful UGTT labor union.

Tunisia

Turkish inflation jumps from 20% to 70% in just six months

Even if monthly price increases ease to an average of 5% in the coming months, Turkey would face an annual consumer inflation of over 100% in the fall and finish the year with a rate of some 90%.

Turkey

Beersheba evolves into Israeli tech powerhouse

With financial benefits, investment in infrastructure and a vibrant university, Israel's southern city of Beersheba is swiftly becoming a hub for both international and local high tech companies.

Israel