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Business

  • Mideast conflict
Many cancellations
Several airlines suspend flights after Hamas attack on Israel
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  • FOREX
Israel has amassed forex reserves of more than $200 billion
Bank of Israel to sell up to $30 billion of forex to stabilise shekel
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  • Mideast escalation
US dollar and Japanese yen
Dollar rises on flight to safety amid Mideast unrest
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  • Mideast conflict
Gold is a perfect hedge against international turmoil
Attack on Israel could boost appeal of safe haven assets
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The move is also part of a broader push to de-dollarize Iraq's economy
Iraq to end all dollar cash withdrawals by January 1 2024
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  • Green energy
Maersk
Egypt, Maersk's C2X deal for green fuel production
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  • Oil Market
General view of Aramco tanks and oil pipe at Saudi Aramcos Ras Tanura oil refinery
Saudi Arabia to continue voluntary oil output cut
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  • Oil exploration
Labourers walk down a path in the Nihran Bin Omar field north of Basra
Iraq sets January deadline for oil companies in new licensing rounds
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  • LNG market
Petroleum minister Tarek El Molla
Egypt to resume LNG exports this month
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  • Oil Market
UAE energy minister Suhail al-Mazrouei
Mazrouei: OPEC+ will never target a certain oil price
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  • IIF
The Institute of International Finance logo
Banking group IIF to hold annual meeting in Morocco
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  • Turkey Inflation
The lira has weakened nearly 70% in two years, primarily due to Erdogan's long-standing opposition to high rates
Turkey hikes rates to 30% to shore up hawkish turn
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  • Wine industry
Wine output has fallen by 40-50%, according to Vineyard Producers' Syndicate
Tunisia blisteringly hot summer hits wine industry
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  • Riyadh Season
The Riyadh Season, in its fourth edition, has achieved 40% of its targeted revenue
Saudi Arabia expects up to 12 million visitors during Riyadh Season 2023
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  • Telefonica
European telecom firms such as Telefonica meanwhile have been struggling to pay off huge debts
Spain analysing Saudi firm's stake in Telefonica
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  • Tunisian crisis
Empty shelves are seen in the rice section inside a supermarket in Tunis
Tunisia's stretched finances hit coeliac sufferers with rice shortage
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