China warns US not to interfere with Iran trade: What to know China's Foreign Ministry said Beijing was firmly opposed to what it called “illegal unilateral sanctions” and would take “all necessary measures” to safeguard its rights. Iran
Large UAE delegation set to arrive in Lebanon in major investment push A large Emirati delegation of around 70 business leaders and government officials is heading to Beirut, in the latest sign of thaw between the United Arab Emirates and Lebanon. Lebanon
France, Saudi Arabia announce more than $10B in deals on MBS visit Among the deals included a 6 billion euro ($7 billion) pledge from the Public Investment Fund in three manga-themed amusement parks on the outskirts of Paris. Saudi Arabia
China slams Trump over economic war on Iran: What to know China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions. Iran
Jordan eases lockdown, focuses on opening economy Jordan ends the lockdown in Aqaba while keeping certain restrictions in place and eases curfews elsewhere as the region's first country to enforce a nationwide lockdown now seeks to gradually reopen its economy. Jordan
Coronavirus lockdown uncovers vulnerability of Tunisia’s economy Despite government measures to help those most affected by a general lockdown aimed at containing the spread of the coronavirus, Tunisia’s economy is being dealt a heavy blow. Tunisia
Cash-strapped Lebanon struggles amid the coronavirus crisis Various sectors in Lebanon, a country grappling with its worst economic crisis in decades, have been hit hard by the measures imposed to stem the spread of the coronavirus. Lebanon
For Gulf, South Asia countries, worst is yet to come The pandemic is expected to be especially hard on migrant workers in the Mideast and South Asia, as it has left many of them unemployed and struggling to return home to an uncertain future. Legacy: Gulf
Turkey says rate of coronavirus infection stabilizes The health minister sees signs the fast-spreading contagion is coming under control as the number of new cases remains steady. But an independent physicians’ group warns the government may be undercounting. Turkey
Mideast economies to see biggest downturn in four decades, IMF projects Almost every country in the Middle East, North Africa and Central Asia is expected to have negative gross domestic product this year, and the overall GDP for the region is expected to contract by an average of 3.1%. Legacy: Gulf
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
