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
Morocco-Spain thaw continues with investment pledge, aerospace deal Spain and Morocco have historically been at odds over Western Sahara, migration and territorial disputes. Morocco
Analysis How Red Sea crisis is battering Egypt's manufacturing, textile industries The Suez Canal is a cornerstone of the Egytian economy, providing a vital source of foreign currency for the cash-strapped country. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Saudi tech giant expands investments into China, AI as part of $100B plans Alat plans to invest $100 billion by 2030 to coincide with Crown Prince Mohammed bin Salman’s Vision 2030 plan to wean the kingdom’s economy off of its reliance on oil. Saudi Arabia
Egypt’s Sisi: Suez Canal revenue down as much as 50% over Red Sea attacks The decrease in revenue and traffic in the canal due to attacks by Yemen’s Houthi rebels is exacerbating Egypt’s foreign currency shortage and overall economic crisis. Egypt
Israel’s Ashdod port bounces back from Gaza war setback Israel's Ashdod port is grappling with increased competition, threats from Yemen's Houthis and other regional challenges. Israel
In south Lebanon, schools resume classes as displaced shelter inside Hezbollah steps in as municipalities struggle to respond to the growing number of displaced. Lebanon
Back to roots: India, the Arabian Gulf and the reemergence of West Asia Building personal connections with Gulf leaders has proven instrumental for Modi in fostering stronger ties between India and the region. Legacy: Gulf
Brazil’s Lula signs cooperation deals on Egypt visit, will head to Ethiopia next The Brazilian president met his Egyptian counterpart, Abdel Fattah al-Sisi, attended an Arab League meeting and is seeking to expand the strong trade ties between the two countries. Egypt
What’s behind Egypt decision to raise minimum wage, government salaries by 50%? Egypt’s economy has suffered from high inflation for years, and now the spillover from the Gaza war is exacerbating the situation. Egypt
London Metal Exchange to build delivery centers in Saudi Arabia Investors and mining companies are bracing for a wave of exploration licenses awarded in Saudi Arabia after the kingdom nearly doubled its untapped mineral estimate to $2.5 trillion and announced new incentives for miners in January. Saudi Arabia
Gulf-India relations boosted by UAE deals, Saudi Aramco talks India has made deals with the UAE and Qatar recently, and trade between India and the GCC is rising. Legacy: Gulf
Will Egypt succeed in upping its multimillion-dollar IMF bailout? North Africa's largest economy is working to increase its $3 billion IMF program to $10 billion as it faces its worst financial downturn in decades. Egypt
