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
History repeats itself in Iran's currency exchange market The Iranian rial continues to lose value against foreign currency, as exporters face high costs due to sanctions and the government continues a policy of forcing them to accept low exchange rates. Iran
The long road to post-COVID economic recovery in the Middle East Indicators show that economic recovery across the Middle East, North Africa and the Gulf following the coronavirus pandemic may take longer and more effort than initially thought. Legacy: Gulf
Israelis take to streets, blame Netanyahu for economic crisis Thousands of Israelis hit the streets over the the weekend in protest of the government’s failure to effectively and quickly address the economic crisis induced by the coronavirus. Israel
Can Iraqi government control corruption at border outlets? Prime Minister Mustafa al-Kadhimi's government has set its sights on controlling corruption that could ease the impact of the financial crisis in the country, while prioritizing the border outlets. Originals
COVID-19 puts Gulf entrepreneurs at crossroads Innovative businesses could turn the pandemic-induced downturn into an opportunity to transform Gulf economies. Are government policies responsive enough? Legacy: Gulf
Why Turkey is trying to improve its profile in the Maghreb In parallel with its military activities in Libya and rising profile in Africa, Ankara moves to strengthen its geostrategic and geo-economic ties with Maghreb countries. Turkey
Israel, UAE test potential for cooperation on COVID-19 The agreement signed between the United Arab Emirates' Group 42 and Israel’s IAI and Rafael companies offers a glimpse of the potential for cooperation -- if not deterred by annexation. United Arab Emirates
R&D potential could be key to spark Saudi economy The impact of COVID-19 and low oil prices has led to even further expected declines in Saudi Arabia's gross domestic product, but research and development could hold the key to an economic reset. Saudi Arabia
Yemeni economy in free fall amid collapsing currency, COVID-19 The majority of Yemeni society bears the consequences and stands alone, unable to confront the ravages of war, division and the ongoing economic deterioration. Yemen
Egyptian loans raise fears of impact on economy The Egyptian government expands borrowing from the IMF and selling international bonds, amid warnings of the danger of trying to solve the economic crises by borrowing from abroad, and demands to search for alternatives as Egyptian foreign debt reaches record numbers. Egypt
Survey: Displaced Iraqis experiencing job losses, food shortages amid pandemic The survey by the International Rescue Committee is the latest proof of economic hardship in Iraq as it grapples with a steep jump in COVID-19 cases. Iraq
Has China gained an edge on the US in the Gulf? China has upped the ante, but the United States holds the winning hand; Oman weighs risks and benefits of Gulf bailout; will migrant workers return to GCC? Legacy: Gulf
