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
Iran could become collateral damage of OPEC decision If OPEC decides this month to increase oil output, it will probably be the result of a simple economic decision and not any desire by Riyadh and Moscow to cater to the United States. Saudi Arabia
How foreign investors force Ankara to toe the line With nearly $700 billion in various assets in Turkey, foreign investors represent a crucial factor of pressure on Ankara's economic policies. Turkey
West Bank city becomes shopper's paradise for Palestinians living in Israel Impressive numbers of Palestinians in Israel are crossing the Green Line destined for shopping and eating in the West Bank city of Jenin. Palestine
Egypt expands law granting domestic products preference Egypt’s parliament has approved amendments to a law that gives preference to domestic products instead of imported ones in government contracts, drawing mixed reactions from local experts. Egypt
Turkish exports to Syria revived under shadow of war Turkey remains Syria's leading supplier of goods despite the ongoing war, with exports standing at some $1.4 billion last year. Syria
Russia finds navigating new development tricky in Syria Syria is slowly being seen less as a military liability and more as an investment opportunity, though there are still many potential challenges. Syria
Iran’s insurance industry braces for impact of US sanctions As Iran’s insurance industry awaits the re-imposition of US nuclear-related sanctions, the sector is this time better prepared for external restrictions. Iran
Can Palestine be transformed into investment hub? Foreign investments in Palestine accounted in 2017 for $1.5 billion, mostly in the tourism and banking sectors, with Palestine offering a range of encouraging incentives. Palestine
Iran's outreach to India after US exit from nuclear deal faces obstacles While Iran will likely receive political and trade support from the Indian government, Indian business with exposure to the United States will likely succumb to pressure from Washington. United States
Turkey's steel wars heat up While gearing up for countermeasures against US steel tariffs, Turkey faces a fresh challenge from regional steel producers who are increasingly targeting its own market. Turkey
Can Egypt’s Central Bank save thousands of faltering factories? The Egyptian Central Bank launched a new initiative to save more than 5,000 faltering factories by repaying their loans. Egypt
Is Turkey headed for IMF bailout? An increasing number of observers see an inevitable prospect of Turkey seeking an IMF bailout, yet the country is not on its beam-ends yet and the outcome of the June 24 polls will bear on its ability to keep its economy afloat without going to the IMF. Turkey
