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UAE, Jordan to form joint company for the Aqaba rail project
PLUS: Region’s airlines begin a slow recovery trajectory
IEA cuts outlook for oil demand as supply nosedives
PLUS: Higher inflation in Cairo + Muscat as luxury retail spending stumbles in Dubai
Turkish banks are eyeing Syria — and Stellantis is doubling down on Algeria
PLUS: Surprising exactly no one, business activity slumped last month in Qatar and Kuwait
Jordan cuts reserve requirements, frees up JOD 700 mn for banks hit by Gulf war fallout
The measures could inject some JAD mn in lendable liquidity
The Gulf’s next lifeline to Europe hinges on Syria’s recovery — and cutting through knots of red tape
Reopening the land route through Syria would offer the Gulf a new lifeline to Europe
Morocco’s tourism industry had a good 1Q as others in the region struggled
Morocco was the most visited country in Africa last year
Egypt, Jordan, Iraq, and Lebanon are the most vulnerable to war shocks, EBRD warns
Many of these governments have stretched their monetary and fiscal policies thin due to successive crises
Turkey swaps gold for foreign reserves as war raises inflationary pressures on emerging markets
Turkey is turning to gold-for-currency swaps in a bid to rein in the incoming war-induced inflationary wave without resorting to…
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