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
Lebanese initiative to support struggling zaatar producers Small-scale producers in Lebanon are struggling to stay in business due to harsh economic conditions, but projects like Mazeej are helping them to turn things around for the better. Lebanon
War in Ukraine leaves Lebanon hungry As wheat imports from Ukraine and Russia dwindle, Lebanese people are in danger of going hungry. Lebanon
Turkey’s economy stands to suffer from euro’s downturn The ramifications of the euro’s slide threaten to further stoke Turkey’s currency woes and soaring inflation. Turkey
Israel hails Saudi agreement to open skies to all airlines Riyadh has decided to allow flights from Israel to cross Saudi airspace, significantly cutting flight times to the Far East. Israel
Will Tunisia, Algeria relations recover through land border reopening? Several issues, including gas and the dispute over the Western Sahara, continue to linger over the tense Algerian-Tunisian relations, despite the reopening of the land borders between the two countries. North Africa
India’s use of rupee for import, export payments could boost Iran trade Iran is seeking to boost trade with both Russia and India at present. Iran
Iranian pharmacy has new take on 'wall of kindness' The measure helps poor people obtain medicine amid rising inflation in Iran. Iran
Flydubai suspends flights to Sri Lanka as Emirates, Etihad keep flying Sri Lanka is experiencing mass unrest over its deteriorating economic situation. Legacy: Gulf
Unprecedented inflation hammers Iran Iranians have grown accustomed to high inflation and rising prices, yet recent macroeconomic trends are unprecedented. Iran
Lebanese cook over wood as high gas prices persist Desperation is one of the few commodities Lebanon does not lack as the financial burden of securing necessities such as cooking gas grows heavier. Lebanon
Emirati port operator, Uzbek oil company to open trade hub, cooperate on freight Other Middle Eastern states are also seeking better economic relations with Central Asia. Legacy: Gulf
Lapid’s greatest election challenge will be skyrocketing cost of living Prime Minister Yair Lapid has only four months to show Israelis he can do something about the continuously-increasing cost of living and high housing prices. Israel
