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
Amazon Egypt launches page for Egyptian handicrafts Amazon Egypt launched a new page for thousands of Egyptian handicrafts and heritage products, with the aim of supporting and encouraging Egyptian products. Egypt
Israel, Turkey promote increasing bilateral trade On an official visit to Turkey, Minister of Economy and Industry Orna Barbivai met with her counterparts, advancing the re-convening of the joint economic conference. Israel
NFT art, industry boom in Israel Israel might have gotten a late start on NFT art, but it's catching up quickly with active artists and groups on all social networks. Israel
Fuel shortage, long queues anger Tunisians Tunisians are growing angry amid successive crises, most recently a fuel shortage, while the government sits idle. North Africa
UAE and Japan agree to visa-free travel The two countries also recently pledged to boost economic, industrial and energy cooperation. United Arab Emirates
Gazan workers fall prey to brokers claiming to offer work permits Amid the poor economic conditions and as thousands of Gazans seek to obtain work permits inside Israel, fraudulent brokers have spread in the besieged enclave claiming to be able to secure permits. Palestine
Egypt venture capital firm for startups develops solutions to climate change The Climate Resilience Fund targets nature-positive and sustainable projects that address mainly land and sea misuse. Egypt
Egypt's released political prisoners get economic aid A presidential initiative puts former political detainees on economic track after their release. Egypt
Egypt freezes Russian MIR payments to avoid US sanctions Acceptance of MIR bank cards would have eased Russian tourists’ payments inside Egyptian hotels and resorts. Egypt
Egypt claims wheat self-sufficiency despite Ukraine war Over the past three months, Egypt has bought 3.5 million tons of wheat from local farmers as it works to achieve self-sufficiency and weather the effects of the global crisis caused by the Russian war on Ukraine. Egypt
Egyptian pound hits nominal record low ahead of IMF deal The global economic storm has put a lot of pressure on the local currency, which nevertheless remains strong against other currencies. Egypt
Saudi minister meets with Google, Zoom in California The official visit comes as Saudi Arabia seeks to grow its industrial sector. Saudi Arabia
