Names of the Levant homeland proper with the northwest coastal region of the Levant, centered at Phoenician cities such as Ugarit, Tyre, Sidon, and Byblos. Today, this place is usually equated with modern Lebanon and the coast of modern Syria. Also there is a modern town in Turkey called "Finike" which is thought to have derived by the Lycians who traded with Phoenicians in ancient times. Israel: Judea: The kingdoms of Israel and Judah were Iron Age Semitic nations spanning from Edom to Assyria. Today the modern State of Israel controls much of the former territory of the ancient Israelite/Judean kingdoms. According to the
Economy of the Middle East Economy of the Middle East The economy of the Middle East is very diverse, with national economies ranging from hydrocarbon-exporting rentiers to centralized socialist economies and free-market economies. The region is best known for oil production and export, which significantly impacts the entire region through the wealth it generates and through labor utilization. In recent years, many of the countries in the region have undertaken efforts to diversify their economies. The economy of the Middle East consists of the economies of Azerbaijan, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kurdistan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey, United Arab Emirates