Saudi Arabia outlines oil export plans amid escalating Houthi attacks Saudi authorities said on Monday they were extending the suspension of operations at King Khalid International Airport after deadly attacks over the weekend by Yemen's Iran-aligned Houthis. Saudi Arabia
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
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
Group to boost Palestinian economy, cut link to Israel The Palestinian prime minister is heading a new group designed to inject vitality into the economy and strengthen partnerships among the public, private and civil sectors. Palestine
Egypt’s new free zone to serve development purposes As part of the Egyptian government development plan for Upper Egypt, a new free zone will be opened in Aswan to boost the economy, serve investors and create more jobs. Egypt
The PA moves forward in its disengagement from Israel The Palestinian government decided to appoint commercial attaches in the Palestinian embassies in a bid to promote national products abroad, which is seen as a step forward on the path of economic disengagement from Israel. Palestine
Contradictory moves to rescue Palestinian economy While the United States is pushing for an economic workshop to help Palestinians, the mood in Ramallah is defiant with ideas to build an alternative independent economy — a goal sought by the Shtayyeh government. Palestine
Can Iran rely on Russia to dodge US pressure? Iran is relying on Russia to minimize the impact of the US "maximum pressure" campaign, but Russia seems to have reservations while it also enjoys certain advantages if US-Iran tensions remain unresolved, albeit at a controlled level. Russia
Turkey’s debt-ridden Treasury mulls risky steps to stay afloat Grappling with a growing budget deficit and with little room to maneuver, Ankara has come to consider some unorthodox measures, including the high-risk idea of tapping the central bank’s rainy-day cash. Turkey
Amid protests, Lebanon’s Cabinet faces difficult choices on public sector austerity Analysts doubt that Lebanon’s Cabinet will be able to reduce the budget deficit and salvage the long-term health of the Lebanese economy without taking unpopular austerity measures, and not taking them would lead to an even more dire economic situation. Lebanon
What to do about Iran’s expected budget deficit The impact of US sanctions on Iranian energy exports is bound to cause a budget deficit in Iran, with the Rouhani administration facing tough choices ahead. Iran
Russia may have designs on Iran's trade with Syria Observers wonder whether Russia will cut into Iran's trade volume with Syria. Syria
Turkey grapples with big trade deficit with China Amid Washington’s trade war on China, Ankara is also grumbling about a massive trade gap with Beijing, but a number of factors stand in Turkey's way to resolve the deficit. Turkey
After finalizing IMF loan, Egypt’s reforms target industrialization, exports An IMF mission, currently in Cairo to review Egypt’s economic reform program under a $12 billion loan, is focusing on the country’s plan to launch structural reforms, targeting the industrial and export sectors. Egypt
Iranian National Oil Company opens office in Iraq Tehran expands its economic and political influence in Iraq via its National Iranian Oil Company. Iraq
