Explainer IMF projects Gulf rebound in 2027. Can energy production keep pace? Restoring shipping access in the Strait of Hormuz is only part of the recovery, as Gulf producers also need to repair damaged infrastructure to avoid further disruption to production and exports. Saudi Arabia
Jeddah airport flights disrupted as Houthis escalate threats Saudi Arabia’s busiest airport, Jeddah King Abdulaziz International Airport, saw widespread flight cancellations and delays on Tuesday. Saudi Arabia
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
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
Turkey’s one-man regime denied confidence vote by markets The downturn in the Turkish economy looms as a major challenge for President Recep Tayyip Erdogan, as economic actors show little confidence in his new and sweeping powers and his selection of his son-in-law to manage the economy. Turkey
Khamenei: Iran must expand ties with East as well as West In a meeting with members of the Cabinet, Ayatollah Ali Khamenei emphasized the need for Iran to expand ties with both Eastern and Western nations. United States
Momentum builds for Iran to meet global financial watchdog requirements Iran’s political elite finally appear to have enough momentum to pass key measures to satisfy FATF’s demands for greater transparency and compliance with international standards, which will improve the changes of Iran and the European Union to build on their economic relations. Iran
Egypt to build $11 billion petrochemical complex As Egypt invests in refining crude oil at home, domestic fuel prices continue to rise. Egypt
Egyptian banks to forgive interest on certain loans The Central Bank of Egypt is willing to overlook the interest on some customers' loans to recover principal that otherwise might not be repaid. Egypt
Will Islamic bonds help revive Egypt's economy? Some economists say the government's plan to issue dollar-dominated and euro-dominated Islamic bonds will generate more financial resources, while others worry the move strays from Egypt's secular nature. Egypt
Palestinians fear recent aid cuts could expand After Australia decided to cut direct aid to the Palestinian Authority, officials are concerned other countries could follow suit. Palestine
Iran’s economic crisis gives Rouhani chance to hit 'corrupt networks' Rouhani should make use of the mandate that Iran’s supreme leader has given for further transparency, which will weaken corrupt networks that are harming the country more than any external enemy. Iran
Iranian hard-liners smell blood as Rouhani under fire over economy Iranian hard-liners continue to maneuver to not just undermine but wholly get rid of moderate President Hassan Rouhani. Iran
Iran's car market engulfed in growing economic crisis Crisis conditions bite into Iran’s car market, with customers forced to shell out higher prices for both foreign and domestically made vehicles. Iran
Iran’s youngest minister becoming symbol of transparency drive Iran’s youngest minister has received widespread praise for his “courageous” transparency campaign after revealing a list of allegedly fraudulent cellphone importers. Iran
How Iran dropped dual exchange rates but ended up with four While the Rouhani administration is taking steps toward stabilizing the rial, its rate unification policy has in effect resulted in a multi-tiered exchange rate regime. Iran
