Suez Canal traffic soars as Hormuz disruptions reroute energy trade The canal generated $419 million in revenue in April, up 27% year over year. Egypt
Syria says Iraqi oil shipments surge as Damascus courts foreign energy investment Speaking at the Atlantic Council Global Energy Forum in Washington on Tuesday, Syrian Petroleum Company CEO Yousef Qiblawy said Iraq's overland oil exports through Syria have expanded rapidly in recent months. Syria
Explainer Saudi Arabia, Turkey advance plans to revive historic Hejaz Railway Turkish and Saudi officials signed agreements as part of a Turkish push to revive the Hejaz Railway linking Turkey to the Gulf through Syria, Jordan and Saudi Arabia. Turkey
Analysis Turkey pushes Iraq, Syria trade routes as Hormuz crisis disrupts Gulf shipping Turkey is using the Hormuz crisis to promote Iraq- and Syria-based Gulf-Europe corridors, but experts say the routes remain too costly, underbuilt and politically fragile to rival maritime shipping. By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Analysis Why Turkey sees opportunity in Hormuz crisis to boost Middle Corridor By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Egypt seeks Brazil’s support in Nile dam dispute After Brazil was elected a nonpermanent member of the UN Security Council, Brazilian support for Egypt in the Grand Ethiopian Renaissance Dam crisis gained momentum. Egypt
Iran offers big promises to help rebuild Lebanese economy Meeting one Lebanese official after another, Iran's top diplomat announced substantial pledges for Lebanon's energy crisis, as foreign players are jostling each other for influence in the Arab country. Iran
Fragile Israeli government braces for chill as Knesset winter term begins The Knesset’s winter session, which opened yesterday, is expected to test the precarious coalition of Prime Minister Naftali Bennett. Israel
Iran's foreign minister says economy won’t be tied to nuclear talks Iran’s new foreign minister said the country is serious about the nuclear talks but wants seriousness from the other side as well. Iran
Saudi-linked SoftBank invests heavily in Israel The investment of SoftBank in Israel and the appointment of former Mossad Chief Yossi Cohen as its representative in the country might signal Saudi interests in Israeli technology. Israel
Turkish lira drops to near record lows after Central Bank trims policy rate The move came following pressure from the Turkish president. Turkey
Lebanon raises fuel prices again The Lebanese government previously subsidized fuel prices amid the country's worsening economic crisis. Lebanon
Iran’s membership in Asian security body won’t solve sanctions problem While the news that Iran will gain full membership in the Shanghai Cooperation Organization is a psychological victory for the sanctions-hit country, it will take much more to achieve lasting economic impact. Iran
UAE spends big to boost private sector workforce The United Arab Emirates will spend $6.5 billion in incentives for its citizens to take work in the private sector and stop waiting for public jobs. Legacy: Gulf
Will Iranian fuel solve fuel crisis in Lebanon? Lebanese economists do not see any benefit from the Iranian fuel shipments that recently entered Lebanon, with support from Hezbollah, amid the worsening fuel crisis in the cash-strapped country. Lebanon
Amazon's entry heats up local competition in Egypt US e-commerce giant Amazon opened its logistics zone in Egypt, offering new options to consumers and new challenges to small businesses. Egypt
Bennett rules out meeting Abbas, but not economic cooperation Prime Minister Naftali Bennett said Tuesday that he will not meet with Palestinian President Mahmoud Abbas, but he showed willingness to support economic and business ties with the Palestinian Authority. Israel
