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
Iran, Russia use own currencies for trade Saudi Arabia and India have also signaled moving away from the US dollar. Iran
Egypt’s foreign reserves drop 19% due to economic crisis caused by Russia-Ukraine war Egypt’s public budget is facing a major deficit due to the increase in expenditures and national currency depreciation. Egypt
Iran's FM seeks Africa ties to boost sanctions-hit economy The Islamic Republic renewed the official line that it won't keep its battered economy waiting on the fate of the nuclear deal. Iran
Iraq's prime minister attends Arab summit in Egypt’s New Alamein Leaders of Iraq, the United Arab Emirates, Egypt, Jordan and Bahrain met today in Egypt's New Alamein city to discuss regional security and cooperation. Iraq
Palestinians working in Israel strike to protest salary payments in banks Palestinian construction workers are suspicious about a new mechanism agreed upon by Israeli and Palestinian Authority administrations, for salaries to be paid directly into Palestinian bank accounts and not in cash. Israel
Giant retail companies to shake up Israeli market In an effort to lower prices, the Israeli government is encouraging companies such as Carrefour and AliExpress into the domestic market. Israel
Israeli automotive startups dream of becoming next Mobileye Vying for the same success of Mobileye, which was bought by Intel five years ago for $15 billion, Israeli startups are doubling their efforts to appeal to foreign investors. Israel
Culture Cash-strapped Lebanese turn to online civil marriages Najwa Sbeity and Omar Abdel Baki's civil wedding ceremony that they held online went viral, enticing more people to opt for this option despite the religious backlash and bureaucratic difficulties. Lebanon
Israel, Turkey to reappoint ambassadors, opening new chapter in relations After 20 months of courtship, Jerusalem now believes Ankara and Turkish President Recep Tayyip Erdogan are sincere in their efforts to rehabilitate bilateral ties. Israel
Syria, Iraq form joint business council Relations between Syria and Iraq were poor in the 20th century but have gradually improved in the security and economic spheres in recent years. Syria
Israeli delegation pays rare visit to Indonesia While Jakarta is reluctant to advance diplomatic ties with Jerusalem, there is room to expand trade and economic relations. Israel
Israeli ministers fast-track deepening of ties with Morocco Defense Minister Benny Gantz, Regional Cooperation Minister Issawi Freij and Justice Minister Gideon Saar are only a few of the Israeli ministers and senior officials who have visited Morocco recently. Israel
