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
Will Suez Canal feel impact of UAE-Israel normalization? The potential economic agreements between the United Arab Emirates and Israel may reduce traffic through Egypt’s Suez Canal. United Arab Emirates
Kenya taxes Egyptian imports raising specter of African trade war Kenya has decided to impose taxes on the imports coming from Egypt, following its unilateral retreat from the COMESA agreement. Egypt
Israel’s Gulf diplomacy and its discontents As Israel and its new regional partners begin trade talks, Palestinians, Israeli Arabs and the Israeli left are on the sidelines. United Arab Emirates
COVID-19 and the marginalization of Iranian women COVID-19 has adversely impacted many segments of society across the globe, including Iranian women. Some fear the damage will be permanent. Originals
Iranian tourism drops to 'near-zero levels' due to coronavirus The coronavirus pandemic is choking Iran’s tourism industry as the number of foreign tourists drops to an all-time low, prompting record layoffs and reducing income to near-zero levels. Iran
Algerians warn EU trade agreement could further decimate economy As the free trade accord goes into effect this weak, Algeria fears the consequences could be devastating. Algeria
Egypt sends signal to Turkey by deepening ties with Jordan, Iraq Amid accelerated regional threats and economic repercussions in the wake of the coronavirus pandemic, a tripartite summit was held between the leaders of Egypt, Jordan and Iraq Aug. 25 to develop a security, diplomatic and economic bloc. Egypt
Jordan emphasizes economic benefits of ties with Egypt, Iraq While Jordan's King Abdullah focused on economic relations during the trilateral summit Aug. 25, the two-state solution to resolve the Palestinian issue and the recent Israel-UAE normalization agreement were also discussed by the three countries. Jordan
As Iraqi PM balances ties with US, Iran and Arab states, Tehran weighs next move Although Iran supports Iraqi Prime Minister Mustafa al-Kadhimi, there are signs it has concerns about his rapprochement with the United States and the Arab world. Iraq
Turkey’s tilt toward Pakistan provokes India’s ire An Indian intelligence reports sees Turkey as becoming a hub for anti-India activities second only to Pakistan. Turkey
Intel: Iraq-Jordan-Egypt summit urges increased trade as security concerns loom over region A meeting between the leaders discussed economic cooperation and joint security efforts. Egypt
Detained Jordanian teachers freed amid economic strife The lawyer for the Teachers Syndicate recently told Al-Monitor the government used virus-related laws to silence the group, which is critical of the economic situation in Jordan. Jordan
