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
Saudi Arabia eyes Iraq's Anbar for potential investments Riyadh is considering significant investments in Iraq's Anbar province, but is facing opposition from certain Iraqi political forces and Shiite factions. Saudi Arabia
Egypt's street vendors face new restrictions Egypt’s parliament is drafting a law regulating the work of street vendors, which would save street vendors from remaining under the mercy of local authorities. Egypt
Why Iran moved to unify dual exchange rates Iran’s government was left with no choice but to resort to unifying the official and open market currency exchange rates to tame the rial's slide during a currency crisis, which has spurred some positive efforts. Iran
Why are Turkey’s gold reserves on the rise? The Turkish central bank’s gold reserves have reached an unprecedented level of more than $25 billion under a strategy shift driven by a combination of financial strains and risks stemming from tensions with the United States. Turkey
Shared airspace helps Egypt, Russia gain common ground Tourism and joint development projects should get a boost from recently resumed flights between Cairo and Moscow. Egypt
Will Iran’s banking sector collapse? While Iran is certainly on the brink of a major banking crisis, the likely outcome won’t be financial collapse but rather a restructuring of banks. Iran
Curbing inflation tops Sisi’s list of economic priorities With Egyptian President Abdel Fattah al-Sisi securing a second term, many economists are still wondering how to deal with inflation and soaring prices, while questioning the future of the armed forces' participation in the economy. Egypt
Tunisian president denies plan to dismiss PM A spokeswoman for Tunisian President Beji Caid Essebsi has dismissed claims that the head of state intends to fire the prime minister as politically baseless. Tunisia
Iranian banking reforms gain steam after long delay Progress on major banking reforms in Iran finally moves in the right direction after years of stalling. Iran
Turkey’s controversial wealth fund stumbles badly since hasty creation Turkey’s sovereign wealth fund, which holds key public assets worth $160 billion, has stumbled badly since its hasty creation in 2016. Turkey
Egypt planning slew of IPOs to boost 2018-19 budget Listing 23 Egyptian state-owned companies on the stock exchange is among several steps that the recently announced state budget will rely on to achieve a 5.8% growth rate in the next fiscal year. Egypt
What's behind Iran's massive capital flight? While a large amount of hard currency has left Iran in the years since the implementation of the nuclear deal, the picture is more complex than a simple case of investors rushing to move their capital outside the country. Iran
