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
Why Iran must shake up its approach to state-owned enterprises While the government’s general budget grabs the most attention in Iranian media, it is high time for Iran to revise the way it approaches the dilemma of the vast number of uncompetitive state-owned enterprises. Iran
Privatization of Turkish military factory draws strong criticism The lease of the Turkish military’s prominent tank factory to the private company BMC has stirred fierce criticism. Qatar
US sanctions hit Iranian students seeking bank accounts in Europe While Europe says it remains committed to the nuclear deal with Iran, the US withdrawal from the accord has created overcompliance with sanctions among banks that has made life difficult for Iranian students in Europe; however, Iranian students in the United States tell Al-Monitor they have not experienced such difficulties. United States
Syria issues coins to replace banknotes worth about a dime Given the inflation rate and the collapse of the Syrian currency, the Central Bank of Syria issues a new 50-pound coin (worth about 10 US cents) to save on high printing (and reprinting) costs for banknotes. Syria
Cairo food carts get street of their own Street carts selling food, books and handmade products come together on Cairo's Street 306, a new, hip space that could become the Arab world's largest food venue. Egypt
What’s next for Lebanon’s yellow vests? Analysts believe the momentum recently seen in protests against Lebanon’s state incompetence will die out, as people are losing hope. Lebanon
Report slams Jordanian governments for gross failure Jordan’s Economic and Social Council issued a report that highlighted the failure of Jordanian governments over the past 18 years to live up to their promises and meet the people’s economic needs. Jordan
Istanbul, the flashpoint of Turkey’s crisis and looming elections Turkey’s commercial capital, Istanbul, is in the grips of economic turmoil, which raises the prospect of the city’s local administration changing hands after more than two decades of dominance by political Islam. Turkey
Egyptian silk producers hope to spin profits Egypt hopes that removing tariffs on the import of silkworms will encourage young entrepreneurs to cultivate them to help meet local demand. Egypt
Iran pushes Iraq to maintain trade without US dollar Iran is pushing for an agreement with the Iraqi Central Bank to maintain trade in local currencies after dollar-base trade halted following the reimposition of US sanctions. Iraq
Gaza’s public servants outraged at Hamas’ recent spending Recent documents were leaked to the media showing that Hamas spent more than $550,000 for the celebrations of its anniversary, which raised the ire of Gaza government employees who have not received their full salaries since 2013. Palestine
Gaza traders face new taxes, import restrictions In a bid to protect national products, Hamas’ Ministry of National Economy in Gaza imposed new taxes on imported goods and banned traders from importing any goods without its consent. Palestine
