Oil falls below $71 as US-Iran talks continue, Gulf exports rebound Qatar’s Foreign Ministry spokesperson said in an X post on Wednesday that Iran and the United States had made "positive progress." Iran
Kuwait's Zain eyes $1.5B mobile network in postwar Syria: What to know The Kuwaiti company is planning to invest more than $1.5 billion in Syria after securing a license to operate there, Bloomberg reported Tuesday. Syria
Oman's sultan meets Macron in first France visit since 1989: What to know French President Emmanuel Macron has been pushing against any form of toll for the Strait of Hormuz. Iran
Traffic plummets through Strait of Hormuz after Iran, US trade fire Shipping through the Strait of Hormuz had recovered somewhat before renewed fighting between Iran and the United States saw traffic drop sharply over the weekend. Iran
Interview Saudi labor localization will take ‘generation or two': Armada CEO Olivier Badard CEO of Armada Holding
Analysis Why the Hormuz oil shock never became an energy catastrophe By Samuel Wendel In Washington, DC, reporting on regional business and tech
Coronavirus killing off what's left of Gaza Strip's economy Due to measures taken to tackle COVID-19, the Gaza Strip economy is at a virtual standstill, worsening unemployment and poverty. Palestine
Egyptian MP proposes compulsory citizen donations to fight COVID-19 An Egyptian parliamentarian is planning to submit a bill obliging citizens to make donations to a government fund in order to help in the fight against the coronavirus, with some saying mandatory donations are illegal and a form of taxation. Egypt
Banks can't save Gulf economies Because of the way they are set up, GCC banks will have a hard time providing the funds that could help jump-start regional economies as the COVID-19 pandemic continues to take its toll. Legacy: Gulf
As foreign reserves dip, Egypt’s economy slows down Analysts study the sharp decline of Egypt’s foreign reserves due to the economic slowdown caused by the coronavirus pandemic, with fears that the Egyptian pound would further weaken against the dollar. Egypt
Shops reopen in Bahrain as government rolls back restrictions Bahrain is allowing stores to reopen if they follow social distancing guidelines but theaters and tourist locations remain closed and food delivery and takeout remain the order of the day for restaurants. Legacy: Gulf
Turkey offers fresh money to companies, seeks donations for the poor amid coronavirus crisis While enhancing monetary expansion measures to prop up companies and banks against the coronavirus crisis, Ankara is calling for donations from the public to support the poor. Turkey
Tehran stock market could remain strong despite Iran's economic downturn Now might be a good time to list companies on Tehran’s booming stock exchange. Iran
Syrian Kurds hunker down amid fears of COVID-19 Most people in northeastern Syria seem to be obeying a lockdown imposed by the Kurdish autonomous administration to contain the spread of the coronavirus, but many are wondering how they will survive financially. Syria
How will the COVID-19 crisis impact US-Iran tensions? If Iran can hold out long enough against COVID-19, Tehran and Washington might be able to come to terms. United States
Iranians look to each other, not government, for solidarity amidst COVID-19 Iranians attempt to lift each other's spirits with comedy, online cooking shows and by writing off debts, among other ways. Iran
Egypt takes economic action to counter coronavirus effects The Egyptian government announced a series of widely welcomed economic measures to help protect the industrial sector against the negative repercussions of the coronavirus. Egypt
Ankara’s economic measures bring little relief against virus crisis The embattled Turkish lira has continued to nosedive and Turkey’s risk premium has climbed to new highs despite a package of government measures to stem the economic impact of the coronavirus pandemic. Turkey
