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
US exit from nuclear deal driving Russia, Iran closer Moscow and Tehran are willing to tackle multiple challenges to improve their business dealings despite US sanctions. Russia
Iraqi Kurds look to open new chapter with Iran The Iraqi Kurdish leadership forges ahead with efforts to improve ties with Iran, both in hopes of reviving their economy and also to regain lost clout in Baghdad. Iraq
Turkey stands to suffer under new US sanctions on Iran Turkey might have a tough time dealing with pending US penalties against Ankara's trading partner Iran. Turkey
Who is really driving the slump of the Turkish lira? Though the flight of foreign investors is often cited as the main factor behind the slump of the Turkish lira, official data indicate that growing distrust in the currency stems largely from domestic actors. Business
Saudi Arabia, Iran vie for economic influence in Iraq Saudi Arabia is seeking to enter the Iraqi market aggressively, along with a political presence, and increase the competition with its opponent Iran in the Iraqi arena. Saudi Arabia
How Turkey's 'doping-induced' growth backfired into hasty elections The Turkish government’s rush to hold elections in June is driven by economic woes that even its attempts at "doping-induced" growth have failed to overcome. Turkey
Egypt establishes sovereign fund The Egyptian government has moved to establish a sovereign fund as part of reforms intended to boost the economy and shrink unemployment. Egypt
Iran pushes for transparency to deal with currency instability While Iran’s push for transparency is positive, its new integrated system for hard currency transactions seems ill-prepared to manage the complexities of the Iranian currency market. Iran
Iran’s currency tensions spur crypto ban Iran’s recent move to ban cryptocurrencies is not only far from clear in its scope, but also likely a mere temporary fix amid efforts to combat capital flight. Iran
Economic disobedience looms in Gaza Gaza’s private sector is threatening to start acts of economic disobedience in a bid to pressure the Palestinian Authority and Israel into alleviating the economic crisis plaguing the enclave. Palestine
Can 'nudge theory’ change citizens’ behavior, government policy in Lebanon? An upcoming conference on behavioral economics in Beirut will examine a political tool that could shape national policies and improve public services. Lebanon
Can 'de-dollarization' break Iran’s economic isolation? While there are many risks involved with currency swaps, such endeavors do present an opportunity for Iran to enhance the stability of its economy. Turkey
