Abu Dhabi merges ADQ into new wealth fund L'IMAD: What to know Under the new structure, Sheikh Khaled bin Mohammed, the crown prince of Abu Dhabi, will oversee a broader swath of the emirate’s investment holdings. United Arab Emirates
UAE Central Bank approves first US dollar-backed stablecoin: What to know The approval marks a milestone in the UAE’s development of digital currency infrastructure and positions USDU as the Gulf country’s first USD-denominated currency for digital assets. United Arab Emirates
Iran internet blackout estimated to cost $37M+ daily, crippling businesses and society The ongoing digital disconnection is severely stalling commerce, draining millions of dollars daily and pushing many businesses toward collapse. Iran
Can Iran’s promised economic reforms quell unrest? The Iranian government has made several economic pledges to protesters, though some carry risk of increasing inflation further. Iran
Will Palestinian central bank, currency ever see light of day? A Palestinian central bank has been a long time in the making, and if Israel reacts as expected, it could be even longer before the institution becomes a reality. Palestine
Turkey edges toward Islamic law with new finance rules Turkey's ruling party has imposed religious rules in the public sphere, a move that could have major implications for the country's future. Turkey
Fresh banknotes spark new economic war in Yemen The UN-recognized Yemeni government has pumped new banknotes into the country, but the Houthis are banning their circulation in areas under their control, burdening Yemenis and exacerbating problems for the already struggling economy. Yemen
Facing US sanctions, credit-fueled Turkish economy heads toward turbulence Through measures to free up capital flows, Turkey’s economy weathered the 2018 currency crisis, but analysts remain uncertain the nation’s markets can absorb more shocks as US sanctions loom. Turkey
Dollar shortage crisis in Lebanon spills into Syria The Syrian pound's value plummeted against the US dollar after the Lebanese pound depreciated. Lebanon
Will Turkish lira save economy in Syria's opposition-held areas? As Syria's currency plunges against the dollar, the opposition's Syrian Interim Government plans to replace the Syrian pound with the Turkish lira in the areas it controls. Syria
Lebanon’s real estate sector crumbles along with dreams As Lebanon’s economic crisis devastates the housing sector, homeowners are faced with increasing payments and debt tied to the dollar and rising interest rates. Lebanon
Turkey’s first 'indigenous and national' credit rating agency Turkey bought 85.05% of Japan Credit Rating Agency (JCR) Avrasya. How did a seemingly Japanese company became a national asset? Turkey
Turkish Central Bank suffers big credibility loss The Turkish Central Bank’s obedience to the government, both in terms of monetary policy and interventions in the foreign exchange market, is badly damaging its credibility among foreign investors, the ultimate cost of which will be borne by the crisis-hit economy. Turkey
As Lebanese PM lays out reform package, protesters demand more Although the Lebanese government has unveiled a set of reforms to calm popular protests, it appears unlikely the proposal will satisfy demonstrators' demands. Lebanon
Iran faces challenges in privatization plans For privatization to succeed in Iran, the government must empower the real private sector as opposed to semi-state entities. Iran
Palestine Monetary Authority gets grip on terrorism funding A new network will help Palestinian banks crack down on illegal money transactions by collecting more data from their customers. Palestine
