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 MPs call on Central Bank governor to resign as rial plummets Iranian President Hassan Rouhani and Central Bank Gov. Valiollah Seif have come under heavy fire over the sudden devaluation of the rial. Iran
Turkey to lower price of citizenship for foreign investors Disappointed by the impact of a citizenship incentive offered to foreign homebuyers last year, Ankara is expected to lower the bar from $1 million to $300,000. Turkey
Iran raises minimum wage in concession to workers Iranian laborers are set to receive an almost 20% increase in the minimum wage in a concession from the authorities. Iran
What's really driving currency depreciation in Iran? Rather than an indicator of a poor economy, the devaluation of the Iranian currency is the result of investment behavior, and what we are witnessing now looks more like a bubble. Iran
Turkey’s economic woes open cracks in government ranks Amid failing efforts to halt the slump of the Turkish lira, President Recep Tayyip Erdogan and senior Cabinet members appear increasingly at loggerheads over how to keep the economy afloat. Turkey
Beirut renames seaside avenue after Saudi benefactor Will King Salman Avenue bring Lebanon more Saudi tourists, or does it just represent the failures of the Lebanese political system? Saudi Arabia
Rumors of Turkish deputy PM's departure spook markets The Turkish lira took a tumble amid reports that Mehmet Simsek, the deputy prime minister in charge of Turkey's economy, had resigned. Turkey
Energy, military cooperation dominate Putin’s visit to Turkey Turkey anticipates even deeper ties with Russia as the two countries embark on massive development projects and a major military contract. Turkey
Moroccan government lashes out at protest organizers in mining town The Moroccan government has accused Islamist and leftist movements of being behind the ongoing protests in the city of Jerada. Morocco
Turkey’s impressive growth rate has dark side Turkey has posted a spectacular 7.4% growth rate for 2017, but other key economic indicators suggest there is little to celebrate. Turkey
Jordan, Turkey mending fences over trade agreement dispute During a time of shifting alliances, Ankara views Jordan as an important potential ally — which no doubt has been a factor in Turkey's decision to renegotiate a free trade pact that Amman says favors Turkey. Saudi Arabia
Why economic growth has not led to job creation in Iran Low capital formation and productivity are holding back the Iranian economy. Iran
