Iraq devalues dinar 13% as Hormuz disruption hits oil revenue The central bank said in a statement that it had revised the official exchange rate to 1,520 Iraqi dinars per dollar from around 1,320. Iraq
Erdogan aide named suspect in Turkey financial scandal Former AKP deputy chairwoman Fatma Betul Sayan Kaya is facing allegations of being linked to a market manipulation scandal. Turkey
UAE-Syria move ahead on $20 billion real estate mega-developments Major housing and tourism projects in Damascus and Latakia are set to advance following a new agreement with UAE real estate tycoon Mohamed Alabbar. Syria
Iran’s economy deteriorates, oil minister resigns, workers protest: What to know Iran’s oil minister has resigned amid mounting economic pressure from US sanctions and restrictions on the country’s exports. Iran
Analysis Turkey’s $20B fund crisis: Who profited, and who will pay? By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Middle East’s chronic woes exacerbate COVID impact, IMF says Also: Israelis back Trump, Palestinians (kind of) tilt toward Biden. Regional
As China-Iran talks continue, Beijing keeps up outreach to Gulf While Iran and China are still working to finalize a 25-year strategic partnership plan, Chinese officials continue to expand bilateral ties with the Gulf, something that could have unexpected implications for Iran-GCC ties. United Arab Emirates
Jordanians cautious about prospects of new government Jordan’s King Abdullah II swore in the new government of Bisher al-Khasawneh amid a series of economic and health challenges facing the kingdom. Jordan
As US elections near, GCC states chart middle course between US and China Former Vice President and Democratic candidate for president Joe Biden's previous statement to make Saudi Arabia a 'pariah' hangs over the region. Saudi Arabia
For Arab youth, the future is in the Gulf The most recent Arab Youth Survey shows the United States is gaining ground on Russia and China as perceived "allies." United Arab Emirates
Israel hopes aviation agreement warms up ties with Jordan Israel and Jordan sign agreement to allow overflights flights through each other's airspace. United Arab Emirates
India works to boost influence in Iran as Beijing-Tehran ties warm India is seeking to remain involved in the development projects at Iran's ports, especially since Chabahar Port helps India gain access to an important geopolitical region. Iran
Turkey eyes economic gains in backing Azerbaijan against Armenia Turkey and Azerbaijan often describe their relationship as “one nation, two states,” but their economic exchanges have remained relatively small despite their close political and ethnic bonds. Turkey
Iranian currency dips to historic low amid sanctions, pandemic, foreign policy decisions Iran has seen the rial’s value fall by almost half this year as the currency now stands at a record low against the US dollar, triggered by ongoing sanctions, coronavirus restrictions and, according to some experts, Iran's foreign policy adventures since the 1979 revolution. Iran
Syria resumes commercial flights out of Damascus The first international flight in six months departed today for Cairo. Syria
Egypt cracks down on Syrian businesses allegedly tied to Brotherhood Egypt is going after certain Syrian businesses that have flourished, citing national security. Egypt
Significant challenges face Kadhimi’s economic reform project The economic reform project that Mustafa al-Kadhimi's government is supposed to propose soon faces great challenges related to the need to get parliament’s approval before taking any step. Iraq
