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 abandons hope for WTO accession Although many thought Iran might finally be able to join the World Trade Organization following the nuclear deal, the Islamic Repubic appears to have lost hope of becoming part of the influential body. Iran
Egyptian doctors moonlight as chefs A new restaurant created by Egyptian doctors is decorated like an emergency room and serves liver dishes cooked with surgical precision. Egypt
Russia keeps eye on Kurdish oil contracts, referendum Russia has been boosting its presence in Middle East oil via the Kurdish Regional Government, but is also waiting to see what the potential impacts might be of the KRG’s independence referendum. Iraq
Border crossings bring in cash for Free Syrian Army factions The Turkey-backed Free Syrian Army is racking up serious sums of money from fees it charges at border crossings in northern Syria. Syria
Online portal offers Palestinian diaspora piece of home A Palestinian businesswoman has adopted the tradition of gift baskets to bring a taste of homeland to Palestinian diaspora. Palestine
Iranians rail against Apple, Google over pulling of apps US tech giants Apple and Google have removed Iranian-developed apps from their online stores, sparking a backlash. United States
Turkey hopes to pounce on big piece of Mosul reconstruction Despite their government's past gaffes, Turkish firms want, even expect, substantial contracts to help rebuild Iraq's Mosul, which was reduced to rubble during the long battle to exorcise the Islamic State. Iraq
Jordanians brace for tough times ahead amid tax changes under IMF deal Under an agreement signed with the IMF, Jordan is seeking to raise additional revenues, raising fears about the worsening economic situation in the kingdom. Jordan
Turkey’s shopping mall boom going bust Turkey’s shopping mall boom has been hit by economic problems stemming from the lira's decline against the dollar and poor planning. Turkey
PA struggles to stop gas smuggling in the West Bank Smuggling adulterated fuel from Israel into the Palestinian territories has been on the rise. Palestine
Could energy deals warm relations between Egypt, Israel? Speculation about Egypt possibly privatizing some of its electricity distribution companies is sparking fears of expanded normalization with Israel. Egypt
Sanctions give Moscow, Tehran something to talk about US sanctions are indeed drawing Russia and Iran closer, but the question now becomes just how close. Russia
