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
Egypt plans to sell stakes in 32 state-owned companies within year The announcement comes as the government is moving to reduce the state’s footprint in the economy, and includes two military-owned enterprises and three banks. Egypt
Egypt's economy takes another hit with rating downgrade Moody’s also said Egypt’s ability to generate domestic funding will help its economic outlook. Egypt
In Turkey, questions about country's preparedness after massive earthquake Only 0.5% of spending from the central government budget last year went to programs related to urban improvements and disaster management in quake-prone Turkey. Turkey
Egypt’s non-oil sector suffering under high inflation: Report Egypt is experiencing rising inflation and the depreciation of its currency, but the country’s stock exchange is doing well and the IMF recently agreed to a massive aid package. Egypt
HSBC warns Netanyahu’s judicial overhaul will harm Israel's economy The leading European bank echoed last week's warnings by JPMorgan over the negative effects the judicial reforms pushed by the current Israel government could have on the country’s economy. Israel
Explainer: What is behind Lebanon's new exchange rate? There are multiple exchange rates between the Lebanese pound and the US dollar, and the official rate being below the black market rate helps financial institutions pass on their losses to the public. Lebanon
In Egypt, economic heat of Russia's war in Ukraine is only getting worse Average Egyptians told Al-Monitor that everything from the price of tomatoes to bread is taking a toll on daily life and household decisions as country's economy reels under the heavy toll of the war in Ukraine. Egypt
Egypt's Sisi meets Modi, inks 'strategic partnership' on landmark India visit The trip could lead to greater cooperation between India and Egypt on trade, the Suez Canal, green hydrogen and more. Egypt
Analysis Protests across Israel against judicial reform rattle Netanyahu Facing American warnings and mass demonstrations across Israel, Prime Minister Benjamin Netanyahu may find it impossible to continue with his judicial overhaul. By Ben Caspit In Tel Aviv, reporting on national security, Israeli politics, defense
UAE President Mohamed bin Zayed visits Pakistan as its economy crumbles The UAE president arrived in the city of Fahim Yar Khan in Pakistan, one day after a nationwide power outage left nearly 220 million people without electricity By Salim A. Essaid
Explainer: What is behind Iraq's Central Bank shuffle and what is next? The economic crisis in Iraq as a result of the ongoing rise in the value of the US dollar against the dinar resulted in the prime minister sacking the heads of the Central Bank of Iraq and the Trade Bank of Iraq. Iraq
UAE hosts Gulf leaders including Qatar's along with Egypt, Jordan Egypt and Jordan are increasingly looking to the United Arab Emirates and other Gulf states for development and economic support. Legacy: Gulf
