Ecomnews Med The Mediterranean News on Economy
For several years, Lebanon has been seeking to mitigate its economic and energy crisis by conducting hydrocarbon exploration activities. Its Exclusive Economic Zone (EEZ) in the Mediterranean has been divided into 10 offshore exploration blocks to attract major international energy companies capable of carrying out surveys and drilling wells to discover natural gas and oil.
The cost of living in Israel has increased dramatically over the past fifteen years. Since 2008, Israel has undergone a structural shift: while prices were previously below the OECD average, the country has become one of the most expensive among advanced economies. This increase cannot be explained by growth in GDP per capita or by exchange rate fluctuations, revealing a profound disconnect between macroeconomic fundamentals and the prices observed by consumers.
Despite decisions to lift them, international sanctions continue to weigh on Syria. The European Union lifted all sanctions affecting the country in February and May 2025, albeit reversibly; only individual sanctions against members of former President Bashar al-Assad's clan remain, as well as bans on military, dual-use, or "NRBC" (nuclear, radiological, biological, and chemical) goods.
In an economy characterized by the use of cash payments and a large informal private sector, the Iraqi banking system remains undersized, poorly modernized, and vulnerable to shocks.
Faced with its energy challenges, Egypt is multiplying its initiatives. On September 14, 2025, the country signed new agreements with Apache Corporation, Dragon Oil, and Perenco Egypt to boost gas exploration.
In line with its ambition to establish itself as a major player in the automotive industry in Africa, Egypt is increasing its partnerships to attract more investment.
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