Middle East/Economy

State Information Service clarifies pact serves Egypt's interests, not politics

In ten months, the French retail giant has closed its stores in Jordan, Oman, Kuwait, and Bahrain.

Iran's Raisi was confirmed dead in helicopter crash, while Saudi king Salman will be treated for lung inflammation

Chevron and other partners operating Israel's Tamar gas field seek to increase its output capacity to satisfy domestic market and increase exports to Egypt

'This has been the result of months of careful diplomacy, quiet, careful diplomacy, bilaterally and in multilateral settings,' says U.S. official Jon Finer

During the meeting in Aqaba it was agreed to increase the number of Jordanian workers in Eilat, pending final approval by the Israeli government

Yemen's Saudi-backed government has been grappling with a weak currency and high prices, despite a lull in fighting with the Iran-aligned Houthi rebels

Turkey's President Erdogan is expected to visit Saudi Arabia, Qatar, and the United Arab Emirates later this month to drum up foreign funding

Qatar will supply four million tons annually of natural gas from the North Field East Expansion Project to China

To strengthen its economy, Manama unveiled a major economic reform plan in 2021

Lebanon has not had a head of state since October, deepening institutional paralysis where one of the world's worst economic crises has been festering for years

The lira has come under increasing pressure since Turkish President Tayyip Erdogan was re-elected, currently standing at 23.18 against the U.S. dollar

If approved, it would take the total volume of reductions to 4.66 million bpd, which amounts to around 4.5 percent of global demand

The proposal by Baghdad, of a roadway and railway, would make them a commercial hub between the Middle East and Europe

The Turkish lira's losses this year have largely come since devastating earthquakes caused widespread devastation

Being added to the list of countries under special scrutiny would be another major blow as Lebanon struggles to secure a deal with the IMF

Lebanon has been mired since 2019 in an economic crisis that the World Bank has dubbed one of the worst in modern history

Closer diplomatic ties across the region – including the rapprochement of Saudi Arabia and Iran – lower 'tensions' and are 'a good thing for the economy'

'Despite signs of recovery in 2022, growth remains sensitive to the escalation of tensions in the Palestinian territories and restrictions on mobility'

'Real estate agents are currently in a pretty strong position to dictate prices'

Muslims in several parts of the world are struggling to prepare for the holiday due to worsening economic situations and rising inflation

'We see vulnerabilities going up again, and this is why countries are encouraged to do more structural reforms, to inch up their growth'

Deteriorating nutrition resulting from high food prices would have long-lasting impacts on child development, the regional report warns

The continued 'policy of inaction is going to leave Lebanon in a never-ending crisis'