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
Russia takes renewed interest in Palestine Russia seems to be increasing its cooperation with the Palestinians recently in several areas, including the economy, politics and tourism. Palestine
What's behind Turkish economic miracle? Under Turkey's emergency law, big business may benefit while the middle class is fast disappearing. Turkey
US waives Iran sanctions, but says no final decision made on nuclear deal The United States waived nuclear-related Iran sanctions, but President Donald Trump has not yet made a decision on the nuclear deal or Iran policy more broadly. United States
Turkey’s spectacular growth has darker side Turkey may have achieved an impressive 5.1% economic growth in the first half of the year, but the risks are still there with myriad problems accumulating on the other side of the coin. Business
Gaza's clothing makers look to weave their way back into Israeli markets For the first time in 10 years, a Palestinian sewing company in Gaza exports a shipment of clothes to the Israeli market. Palestine
The business of war: Egypt, others eye reconstruction bids Despite lingering security concerns, Egypt is seeking a substantial, lucrative role in rebuilding Syria and Iraq. Egypt
Iranian shareholders face rocky road ahead While the Tehran Stock Exchange has recently reversed its downward trend, fundamental interest rate and exchange rate reform are necessary to maintain the upward momentum. Iran
Iranian Foreign Ministry set for sweeping change Having spent most of his first term negotiating the nuclear deal, Iran’s foreign minister is now set to implement sweeping structural changes in the Foreign Ministry. Iran
New Suez Canal income slowly sinking The new Suez Canal is now two years old and facing public scrutiny, as it is far from achieving what officials pledged. Egypt
After years of sanctions, Persian rugs back to brighten world markets Iran’s world-renowned handwoven carpets are already making a strong comeback in global markets following the lifting of sanctions. Iran
New industrial policy poised to transform Iran’s political economy Iran’s lighter fingerprints on foreign investment and enterprise are gearing things up for a transformation of the country’s political economy. Iran
Foreigners take hold of Turkey’s food sector Amid a series of high-profile foreign takeovers in Turkey’s food industry led by Japanese investors, many are worried that the country is losing its self-sufficiency in food. Turkey
