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
Fearing aid slash, PA to collect more customs duties The Palestinian Ministry of Finance is increasing customs duties on a range of goods, allegedly to protect local production, in light of a budget deficit of $1.07 billion in 2017 and threats of a drop in international aid to the PA. Palestine
Controversy ensues in Egypt over Sisi's use of religious endowments President Abdel Fattah al-Sisi is discussing the option of investing religious endowment assets in national development projects to promote the economy, although some point to issues of this action's legality. Egypt
Is Turkey aligned with al-Qaeda affiliate in Idlib? Russian-Turkish relations worsen as Syrian forces advance in Idlib; Al-Monitor leads media coverage of Iran’s financial crisis — by six months; the American University of Beirut dedicates "transformative" Halim and Aida Daniel Academic and Clinical Center. Lebanon
Internet censorship a double-edged sword for Tehran As Iran is home to an increasing number of online businesses, the new internet restrictions imposed by the government in response to the recent unrest are hitting many entrepreneurs. Iran
Tunisians fear another bread revolution Tunisians took to the streets to protest the government’s state budget and austerity measures, leading to violent clashes that raised concerns about a repeat of the bread riots of the 1980s. Tunisia
Egypt to switch to cash subsidies instead of bread The Egyptian Ministry of Supply’s plan to shift from in-kind bread subsidies to cash subsidies triggered controversy amid fears of an increase in the rate of inflation. Egypt
Rouhani’s bad news budget The Rouhani administration’s proposed budget for the coming Iranian year is set to be contractionary in real terms and could lead to a credit crunch. Iran
Israel seeks to revive long abandoned railway to Gulf Israel is currently discussing a project to reopen the old Hejaz railway to connect it with Saudi Arabia, though many Egyptians are concerned about its impact on trade through the Suez Canal. Egypt
Egypt eyes extensive role in Syria reconstruction efforts Egyptian companies are seeking to participate in the reconstruction of Syria and communicating with the concerned Syrian parties to discuss their involvement. Egypt
Impoverished Gaza's economy on verge of total collapse The economic situation in the long-suffering Gaza Strip has become so dire, some economists are calling on ex-pats to pump money into the small enclave. Palestine
Iraq has much to gain from gas-supply pact with Kuwait A deal to export gas to Kuwait could help Iraq pay off war reparations, take advantage of otherwise wasted flare gas and make inroads with other Gulf countries. Kuwait
2018 fraught with uncertainties for Turkish economy Despite its spectacular growth this year, Turkey’s economy is burdened with serious problems and fragilities that might spoil the party next year. Turkey
