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
Family of man who held up Beirut bank stages protest Bassam al-Sheikh Hussein took hostages at gunpoint to get his own money out of the bank. Many Lebanese, who are unable to access their savings amid the economic crisis, called him a hero. Lebanon
After Hamas sits out latest conflict, Israel expands Gaza economic relief Now that its miltiary operation has ended, Israel is continuing and expanding measures that will help Gaza’s economy grow. Israel
Here's how the latest US rate hike will impact Egypt's economy A stronger US dollar will inevitably drive higher import costs, and subsequently prices, in the most populous Arab country, yet could eventually provide a boost to the local currency with an increase in exports. Egypt
Iran uses cryptocurrency for import order After originally cracking down on cryptocurrencies, which have the potential to help evade sanctions, Iranian authorities later decided to authorize them for imports. Iran
Egypt creates independent fund for Suez Canal Egypt has established a new fund for the Suez Canal manage its own revenues independently. Egypt
Egypt-China ties strengthen with recent deals China is also getting closer to Saudi Arabia, Iran and other countries in the region, primarily through economic cooperation. Egypt
Russia-Ukraine war leaves Hamas in financial crisis The fragile Palestinian economy in the Gaza Strip has been largely affected by the Russian-Ukrainian war, which has caused price hikes and an increase in taxes. Palestine
Lavender ecotourism throws lifeline to rural Lebanese villages As Lebanon experiences a tourism hike this summer, rural villages and attractions hope to draw tourists away from the capital with the help of ecotourism companies. A day spent discovering lavender in the south is one example. Lebanon
Netanyahu slams Lapid over Israeli inflation spike Opposition head Benjamin Netanyahu believes the high cost of living is where he can turn Israeli citizens against Prime Minister Yair Lapid and his government. Israel
World Bank blames Lebanon for 'deliberate' economic crisis The World Bank accused Lebanon’s elites of conducting “Ponzi finance” and deliberately pursuing harmful fiscal policies. Meanwhile, the Beirut port has caught fire again. Lebanon
Israel's ultra-Orthodox entrepreneurs ignore internet taboos The leadership of the ultra-Orthodox communities in Israel are against the internet, but more and more ultra-Orthodox businesses find ways to be part of the digital arena. Israel
Lapid’s legacy to include better relations between Israel, Jordan First as foreign minister, and then as prime minister, Yair Lapid identified rehabilitating commercial and diplomatic ties with Jordan as top priority for Israel. Israel
