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
Israeli factory to be established in Gaza, is this possible? Israel’s SodaStream announced it will open a manufacturing plant in the Gaza Strip, raising eyebrows since the company was forced to close a factory it previously operated in the West Bank under pressure from the boycott, divestment and sanctions movement. Palestine
Iran consumer prices remain stubbornly high despite rial recovery Despite the Iranian national currency's comeback, consumer prices have yet to see commensurate drops due to price rigidity and uncertainty over the country's economic future. Iran
Egypt to take charge of Tanzania dam construction Egypt and Tanzania recently signed a contract allowing Egyptian companies to build a hydroelectric dam in the African country, which experts say will help boost Egypt’s economy. Egypt
Egypt preparing for stage 3 of Victoria-Mediterranean project The first phase of feasibility studies for the Victoria-Mediterranean Waterway Project will soon conclude, but funding for the next phase is still to be determined. Egypt
Egypt taps Asian markets for agricultural export growth Egypt signed a series of agreements to export its agricultural products to Asia, including China and Japan, in a bid to boost its ailing economy. Egypt
How will Egypt integrate its shadow economy in its official one? A study shows that Egypt’s shadow economy amounts to about $400 billion a year, prompting the government to merge it with its official economy through a series of new laws. Egypt
Turkey’s recession becomes official The shrinking Turkish economy needs external funds to start growing again, but luring foreign investors back is a tall task that Turkey is unlikely to accomplish in the short run. Turkey
Iran, Russia-led bloc move toward free trade The Iranian government is widening channels of trade with Eurasia and India in an effort to dodge the impacts of reimposed US sanctions. Russia
Why the Rouhani administration must eliminate energy subsidies Despite pressure from lawmakers and the general public, the Rouhani administration must proceed with fuel-subsidy reform in order to relieve itself of avoidable financial burdens. Iran
Egypt eyes bigger exports to Arab, African markets Egypt has announced the imminent launch of a free zone in Nuweiba, the first in the Sinai Peninsula, and experts believe such a project will boost economic ties with Saudi Arabia and increase Egyptian exports. Saudi Arabia
Will Egyptian move to curb imports stoke inflation? Egyptian authorities floated the customs foreign exchange rate for non-basic commodities in a move aimed at curbing imports and demand for the US dollar while hopefully boosting local production of substitutes. Egypt
Turkey’s complex balancing act between Russia and Ukraine President Erdogan’s desire to mediate between Moscow and Kiev is confounded by Turkish policies in Crimea and Russian separatism in eastern Ukraine. Turkey
