Middle East/Economy
4 min read
Lebanese woman who stole own savings says she’s not the criminal
'We are in a country of mafias. If you are not a wolf, the wolves will eat you'
5 min read
Opinion: Bridging ties between UAE and Israel through tourism
Israel's one-millionth tourist was a resident of the UAE, a cause for celebration
2 min read
Turkey raises gas, electricity prices amid stark inflation
Turkey is almost entirely reliant on imports to meet its natural gas and oil needs, and demand is rising
2 min read
Israel and UAE start joint tourism marketing campaign
Initiative by tourism ministries one of the steps agreed to at the Negev Summit last March
2 min read
IMF: Middle East states to reap $1.3 trillion in oil revenues by 2026
Projections underscore how high energy prices are buoying Arab Gulf monarchies
3 min read
Saudi Aramco unveils record $48.4 billion profit in second quarter of 2022
The oil giant supplanted Apple as the world's most valuable company in March
3 min read
Lebanon: Armed man demanding frozen money takes hostages at bank
Lebanese banks are limiting withdrawals of hard currency amid the country's three-year financial meltdown
2 min read
Dubai’s biggest bank gives pay raises to cushion inflation
The trajectory of price increases represents a significant turnaround from deflation throughout 2019 and 2020
2 min read
Israel and Jordan to establish joint industrial zone on border
It will create joint initiatives in trade, technology and local industry
3 min read
Hamas raises taxes in impoverished Gaza, sparking protests
'This is a wrong, oppressive decision that destroys the national economy'
3 min read
UAE inks energy deal with France as Macron hosts Emirati leader
'The UAE is keen to support energy security in the world in general and in France in particular'
3 min read
Most Arabs believe economy is weak under democracy - survey
23,000 people were interviewed in 9 countries in the Middle East, north Africa and the Palestinian territories
2 min read
Turkish inflation hits two-decade high of 78.6%
The price of household goods surged by 81.1 percent
2 min read
Israel reaches record trade increase with Arab States under Abraham Accords
Trade with Jordan increased by 54 percent from last year amounting to $55 million
2 min read
WFP cuts Yemen food rations by over 50% due to funding gaps, global inflation
13 million people to receive less than half of the daily nutritional requirement
4 min read
UNRWA warns ‘chronic underfunding’ will lead to collapse
The situation for 'Palestinian refugees is more acute' in the face of Covid and the war in Ukraine
2 min read
Egypt, Lebanon and Syria sign gas import agreement
Egypt to transfer 650 million cubic meters per year to Lebanon
2 min read
Global inflation crisis ripples through Middle East
Israel and the Middle East not immune to crisis with inflation felt in the region in different ways
3 min read
Turkey’s economy liberal, and growth sustainable, says finance minister
'All of our institutions are acting with the understanding of a joint struggle'
2 min read
Abu Dhabi state firm to allocate $10 billion for projects with Egypt, Jordan
Partnerships to focus on agriculture, pharma, minerals and textiles
2 min read
Middle East, north Africa hit by higher commodity prices - IMF
Food prices account for nearly 60% of last year’s increase
3 min read
Saudi Aramco becomes world's most valuable company
The Saudi Arabian oil giant is valued at $2.42 trillion, surpassing tech giant Apple
2 min read
Report: Saudi Arabia to invest in Israel through Kushner's fund
This will mark the first public business transaction between the countries
2 min read
Official inflation rate in Turkey neared 70 percent in April
Economists say Turkey's problems are attributable to Erdogan's unconventional economic strategy