Saudi Arabia outlines oil export plans amid escalating Houthi attacks Saudi authorities said on Monday they were extending the suspension of operations at King Khalid International Airport after deadly attacks over the weekend by Yemen's Iran-aligned Houthis. Saudi Arabia
Iraq devalues dinar 13% as Hormuz disruption hits oil revenue The central bank said in a statement that it had revised the official exchange rate to 1,520 Iraqi dinars per dollar from around 1,320. Iraq
Erdogan aide named suspect in Turkey financial scandal Former AKP deputy chairwoman Fatma Betul Sayan Kaya is facing allegations of being linked to a market manipulation scandal. Turkey
UAE-Syria move ahead on $20 billion real estate mega-developments Major housing and tourism projects in Damascus and Latakia are set to advance following a new agreement with UAE real estate tycoon Mohamed Alabbar. Syria
Analysis Turkey’s $20B fund crisis: Who profited, and who will pay? By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Egypt seeks to increase exports to Africa Despite figures indicating an increase in the Egyptian exports to Africa, there still seem to be several obstacles facing Egyptian exports to the continent. Egypt
Iran plans revamp of national currency The Iranian Cabinet has approved a bill to remove four zeros from the national currency, the rial, and rename it the toman, but economists are divided over the potential impact. Iran
Why Netanyahu downplays historic trade agreement with South Korea Israel’s most nationalist government ever pledges to annex the occupied territories, and then approves a historic trade pact with South Korea that boycotts the settlements. Palestine
Russia ready to fund Palestinian industrial zone Palestinian Prime Minister Mohammad Shtayyeh discussed with the Russian ambassador the possibility of establishing an industrial zone in Nablus in light of Palestine’s ongoing efforts to promote its local economy and disengage from Israel. Palestine
Labor proposes taking Israel back to social-democrat economy According to the economic pre-election agenda presented by Labor head Amir Peretz, the party wants to increase Israel's external debt in order to pay for social projects. Israel
Will Egypt launch its own official digital currency? As Facebook announced it might not launch its digital currency as previously announced, experts in Egypt are debating whether the country should regulate digital currency. Egypt
Fire, redevelopment controversy engulf 127-year-old Cairo market An Egyptian presidential decision to vacate and restore the Ataba market stirs traders’ fears of the government's desire to control the largest market in Cairo and turn it into an investment zone. Egypt
Why farmers reject Egypt’s new cotton trade strategy The Egyptian government has announced a new trading system for cotton, which would be sold through public bidding, raising the ire of farmers who already suffer from severe losses. Egypt
Yemen’s farmers brace for slow pomegranate season Harvest season for pomegranates has kicked off in Saada amid fears of how a Saudi ban on importing the fruit will affect farmers, exporters and markets. Saudi Arabia
Israel’s economy victim of election campaign Israeli politicians prefer to ignore the implications of two election campaigns in one year on the market and the state deficit, which could harm the country’s credit rating. Israel
UAE diversification strategy lags despite growth in oil sector The United Arab Emirates is struggling somewhat with its economic diversification project as oil prices remain relatively low. Legacy: Gulf
Egypt flips its wig over cost of imported cosmetics Economists say Egypt's trade balance needs to be reduced, and some see one way of doing this by reducing imports of cosmetics and wigs. Egypt
