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
Will Iran's economy collapse? The best remedy for Iran to solve its economic crisis is greater transparency and a focus on technocratic remedies. Iran
Can pay raises placate Egyptians amid fuel, electricity price hikes? The Egyptian government has announced an increase in pay and pensions for civil servants before it lifts subsidies on electricity and fuel. Egypt
Iran preps for sanctions by expanding major port project Iran has long sought to develop the port of Chabahar, but its plans have recently expanded to building a major industrial center. Iran
Why Turks keep billions 'under the pillow' Amid waning confidence in Turkey’s economic prospects, many Turks have come to shun the financial system and keep their savings at home. Turkey
Legendary Iranian soccer player urges consumer boycott to root out ‘thieves’ As consumer prices continue to hit ordinary Iranians hard, a popular former soccer player is leading a consumer boycott on social media in an effort to reduce prices. Iran
Leave room for private sector to flourish, IMF advises Egypt The International Monetary Fund is cautioning Egypt not to allow its military-affiliated businesses to grow even larger at the expense of the private sector. Egypt
As dollar rises, Turkey's tourism income suffers Turkey's weak currency means more tourists can afford to travel there, but it doesn’t mean more revenue for the country. Turkey
How rial's devaluation may boost Iranian economy Excess liquidity in search of higher returns may be causing turmoil in Iran’s foreign exchange, property and gold coin markets, but the money is primed to positively impact capital markets. Iran
Can PA's push for e-payments help ease its cash crunch? The Palestinian Authority has approved a plan to promote the use of electronic payment methods to reduce the need for cash, especially hard currency, and to catch up with international developments in financial transactions. Palestine
Does latest Gulf aid to Jordan come with strings? Analysts wonder whether a Gulf aid package to help Jordan deal with its current economic crisis is in fact an attempt to pressure the kingdom into accepting the Israeli-Palestinian peace plan being developed by the United States. Legacy: Gulf
Egypt braces for spillover from Turkey’s economic crisis With the Turkish lira hitting a new low against the dollar and Jordan freezing its free trade agreement with Ankara, will Egypt take revenge on Turkey by imposing duties on Turkish imports? Egypt
Rapid spread of gas stations fuels controversy in Gaza Gas stations are increasingly being invested in under the degenerating economic and humanitarian situation in the Gaza Strip, pointing at conflicting interests between Gaza’s Ministry of Finance and Planning and the Ministry of Local Government. Palestine
