News, economy and analysis from across the Middle East
EconomyNews
Egypt's currency is under renewed pressure, driven by substantial financing requirements and broader geopolitical instability in the region. This shift affects import costs and investment outlook.
After more than a decade of isolation, Syria is taking crucial steps to rejoin the global financial system, signalling a path to strategic trade and investment.
Oman is forging ahead with geothermal energy studies to diversify its power mix, while state-owned OQ Exploration and Production is establishing a $2 billion sukuk program to fuel its growth ambitions.
The IMF has sharply downgraded its regional growth outlook for next year, citing ongoing conflicts and trade disruptions. However, a significant rebound is anticipated for 2027.
OPEC has significantly adjusted its global oil demand outlook, with a sharp downgrade for next year countered by a stronger rebound predicted for 2027. This shift reflects ongoing geopolitical tensions and the critical need to rebuild global oil stockpiles.
Banque du Caire is finally going public on the Egyptian Exchange after years of delays, offering a significant stake to investors. This move is a crucial step in Egypt's wider economic reform agenda.
Iraq and Turkey are discussing a groundbreaking financing model for the vast "Development Road" project, potentially using oil revenues to build critical infrastructure. This strategic move could reshape regional trade and energy flows.
King Mohammed VI has called for a new wave of reforms to shift the economy toward private-sector leadership and high-value manufacturing.
The UAE's economy reached $262 billion in the first half of 2026, with non-oil sectors driving nearly 80% of activity, despite a slowdown in the second quarter. This performance underlines the nation's push away from oil reliance.
Riyadh and Abu Dhabi signed a landmark agreement to deepen cooperation on electricity grids and cross-border rail, aiming to cut logistics costs and improve energy resilience across the region.