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How the Israel-Hamas war is impacting Middle East economies, from energy to arm sales

November 2023 Al-Monitor Trend Report 

2901 words

 

As billion-dollar deals took flight during the Dubai Airshow in November 2023, a noticeable absence hovered over proceedings: exhibition stands for Israeli weapons makers Israel Aerospace Industries and Rafael stood empty and unstaffed at the start of the weeklong expo, Reuters reported Nov. 13. 

An Israeli soldier walks next to an armed APC (Armed Personnel Carrier) in southern Israel near the border with the Gaza Strip on November 30, 2023, as a truce between Israel and Hamas enters its seventh day. A truce between Israel and Hamas was extended on November 30 just before it was due to expire, the two sides announced, with mediator Qatar reporting it would continue for one day under the same conditions that saw hostages released in exchange for prisoners. (Photo by GIL COHEN-MAGEN / AFP) (Photo by

Tourism tipping point: Middle East travel boom delivering economic boost as Israel-Hamas war threatens recovery

October 2023 Al-Monitor PRO Trend Report 

3,391 words

 

Introduction

Empty hotels, canceled flights and travel advisories. The outbreak of fighting between Israel and Hamas in October 2023 has undercut a fledgling tourism rebound in the Holy Land after years of struggle. The fallout could spread further, with the prospect of a wider war looming over an even bigger tourism boom unfolding across the Middle East and North Africa (MENA).  

TABA, EGYPT: Beach resorts close to the Egyptian Taba Hilton (background-R) remain empty 11 October 2004, four days after three attacks targeted this well-known hotel in the Sinai peninsula next to the Israeli border and another two minor resorts, killing at least 32 people and causing the exodus of thousands of Israeli tourists from the area called the Egyptian Riviera. Israel's resort of Eilat, close to the border with Egypt, is set for a boom as thousands of Israelis who regularly holiday in Sinai look e

Saudi Arabia’s soccer spending spree reshapes Middle East sports sector

August 2023 Al-Monitor PRO Trend Report 

3,917 words

 

Introduction

A year ago, the soccer world’s center of gravity revolved around Qatar’s $300 billion FIFA World Cup, which culminated in Argentina’s thrilling victory over France — after which top stars were supposed to return to business as usual in Europe. Instead many went to Saudi Arabia.

Nassr's Portuguese forward #07 Cristiano Ronaldo shoots during the AFC Champions League playoff football match between Saudi's Al-Nassr and UAE's Shabab Al-Ahli at the King Saud University Stadium in Riyadh on August 22, 2023. (Photo by Yazid al-Duwihi / AFP) (Photo by YAZID AL-DUWIHI/AFP via Getty Images)

Middle East Water Security: Competition heats up as resources become scarcer

August 2023 Al-Monitor PRO Trend Report 

3,486 words


Introduction


In March this year, the United Nations (UN) held “the first UN water conference in a generation” in New York. Several UN officials used the opportunity to sound alarm bells about the deteriorating water security situation in the Middle East and North Africa (MENA) region.

A worker performs a routine inspection of filters at the Hadera Desalination Facility, in the central Israeli coastal town of Hadera on April 3, 2002. - Israel, a leader in making seawater drinkable, plans to pump excess output from its desalination plants into the Sea of Galilee, depleted by overuse and threatened by climate change. Israel now plans to tackle the challenge by reversing the water flow through its vast network of pumps, pipes and tunnels dating to the 1960s, the National Water Carrier. (Phot