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
Abu Dhabi special acquisition firm begins trading on stock exchange The ADC Acquisition Corporation is listed on the Abu Dhabi stock exchange to raise funds for the Emirati sovereign wealth fund ADQ and Abu Dhabi's Chimera Investment. Legacy: Gulf
Israel seeks to double trade with Egypt The visit to Egypt of the Israeli Firqat Alnoor Orchestra reflects a clear trend in the past year and a half of cultural, environmental and economic ties warming up between the two countries. Israel
Egypt grants new incentives to foreign investors The Egyptian government announced the granting of a special license to foreign investments in three specific fields, which expedites procedures to implement projects, as part of efforts to revive the ailing economy in the country. Egypt
Visiting Israel, Turkish foreign minister rehabilitates bilateral ties After two years of Turkish courtship, and with Turkish Foreign Minister Mevlut Cavusoglu now on a historic visit to Israel, Jerusalem is willing to rehabilitate bilateral relations. Israel
The economics of social unrest in Iran While the protests themselves are unsurprising, given the economic crises plaguing the country, the fact that they were centered in the southwestern province of Khuzestan is significant. Iran
Egypt to sell state-owned firms amid economic crisis Ten of Egypt's largest state-owned companies will be listed this year on the stock exchange, while others will be sold in the coming years as the government tries to attract foreign investors to relieve economic hardships. Egypt
Iran vows harsh crackdown on economic protests Despite a massive security presence, many Iranian cities continue to witness rallies triggered by soaring prices, with protesters chanting slogans against the country's top leadership. Iran
Egypt looks to Gulf to revive tourism sector affected by Russian-Ukrainian war Egypt is seeking to increase Arab tourism from the Gulf at a time when this vital sector has struggled to overcome the recession it suffered with the Russian invasion of Ukraine. Egypt
Ukraine war drives more traffic to Egypt's Suez Canal, increasing revenues Although Egypt is being adversely affected by the war in Ukraine, the Suez Canal is benefiting greatly from Western countries sailing into the Gulf in search of oil. Egypt
Interview Israeli Minister Frej joins Palestinian aid summit in Brussels In an exclusive interview with Al-Monitor, Israel’s Regional Cooperation Minister Esawi Frej said that while a strong Palestinian Authority is "of course a Palestinian interest ... it is also an Israeli and international interest." Esawi Frej Minister for Regional Cooperation of Israel
World Bank praises Palestinian easing of COVID rules, criticizes Israeli control The international financial body recommended several governance reforms for the Palestinian Authority to increase economic growth. Palestine
UAE, Greece sign $4.2 billion agreement The UAE and Greece have become close allies in recent years. United Arab Emirates
