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
Popular Mexican food chain Chipotle coming to UAE, Kuwait The fast-food giant that specializes in Mexican food is one of the biggest in the United States. Legacy: Gulf
Turkey, UAE ink $50 billion in trade deals during Erdogan visit The $50 billion worth trade deals come as the Turkish government is struggling to draw foreign funds to ease its currency crisis. United Arab Emirates
Analysis On Gulf tour, Japan's PM secures energy ties as China’s influence grows Prime Minister Fumio Kishida’s three-day trip that began Sunday to Saudi Arabia, the United Arab Emirates and Qatar — its key energy suppliers — is seen as a crucial move to secure Japan’s energy future. By Salim A. Essaid
Work on Israel-Saudi land bridge has begun, Israeli Foreign Ministry confirms The project will facilitate the transfer of goods in trucks intially between the UAE, Israel, Jordan and Saudi Arabia. Israel
Analysis Israel-Morocco security ties set to deepen after Western Sahara recognition The last two years have seen a quantum leap in the security and strategic cooperation between Israel and Morocco. By Rina Bassist In Paris, reporting on Israeli politics and European affairs
Turkey’s Erdogan arrives in Saudi Arabia, first stop on Gulf tour Turkish President Recep Tayyip Erdogan said his three-day Gulf tour, which includes Saudi Arabia, Qatar and the United Arab Emirates, will focus on economic cooperation. Turkey
Japan’s PM visits UAE after Saudi Arabia, talks green energy, supply sources Japan is trying to move away from fossil fuels toward greener energy, which it plans to promote in the region during Prime Minister Fumio Kishida’s visit to the Gulf this week. Saudi Arabia
EU, Tunisia ink 'strategic partnership' to help economy, stem migrants It comes after weeks of talks between the two parties about the EU providing around 1 billion euros in aid, which would be dependent on Tunisia's IMF bailout. Tunisia
Can Iran balance dependence on China with economic openness on India? The International North-South Transport Corridor project has become a matter of urgency for Russia, India and Iran, as it would help Moscow and Tehran develop new markets and evade sanctions. Iran
Is Turkey ready to join European Union as Erdogan jump-starts its bid? In line with its founding father Mustafa Kemal Ataturk’s vision, Turkey had historically positioned itself as a part of the Europe. Erdogan’s unexpected push may lead to some progress in certain avenues, experts and observers believe. Turkey
Iran’s Raisi seals 21 deals on Africa trip, attends drone exhibit in Kenya Iran is seeking stronger ties to sub-Saharan Africa but faces competition from the Gulf and China. Iran
Iran in quest for foothold in Africa as Raisi sets out for landmark visits The Iranian delegation looks to sign agreements in Kenya, Uganda and Zimbabwe, looking also on the horizon to engage in a tight race with such foreign investors as China, Saudi Arabia and the United Arab Emirates. Iran
