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
International pressure compounds Tunisian economic crisis There are international and local concerns over the political and economic situation in Tunisia, which is hoping for a deal with the IMF in return for implementing reforms that are rejected by the powerful UGTT labor union. Tunisia
Turkish inflation jumps from 20% to 70% in just six months Even if monthly price increases ease to an average of 5% in the coming months, Turkey would face an annual consumer inflation of over 100% in the fall and finish the year with a rate of some 90%. Turkey
Beersheba evolves into Israeli tech powerhouse With financial benefits, investment in infrastructure and a vibrant university, Israel's southern city of Beersheba is swiftly becoming a hub for both international and local high tech companies. Israel
Lebanese hope for change in May 15 parliamentary elections Despite furstration with Lebanon's established political leaders and parties, opposition groups have yet to present a strong, unified alternative. Lebanon
Egypt to list army-owned companies on stock exchange Egypt plans to list army-owned companies on the stock exchange before the end of the year, after repeated delays. Egypt
Israel's Liberman talks wheat, strategy in visit to Azerbaijan Officially, the visit of Finance Minister Avigdor Liberman to Azerbaijan focused on exporting wheat to Israel, but reports suggest that the minister also discussed strategic and energy issues. Israel
Lebanese artists explore NFTs The adoption of NFT art in Lebanon seems to be a milestone for artists. Lebanon
UAE announces date for auction of dirham bonds The Emirati government began selling bonds for the first time last year in a bid to diversify financially. This is the first time bonds will be sold in the local currency, as opposed to the US dollar. United Arab Emirates
Analysis US report offers few clues on Assad family wealth The State Department report said the estimated net worth of President Bashar al-Assad and his family was between $1-2 billion. By Elizabeth Hagedorn In Washington, DC, reporting on diplomacy, regional politics, human rights
Lebanon's impoverished citizens take to sea from Tripoli Amid the crippling economic and social crises in Lebanon, dozens set off from the shores of impoverished Tripoli, before their boat capsized leaving six dead and many more missing. Lebanon
IMF: Oil producers better prepared for Ukraine-related economic downturn The International Monetary Fund’s report also highlighted currency depreciation in Egypt, economic effects of the war in Yemen and Jordan’s fledgling tourism sector. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
US urges Iraqi government formation as stalemate drags on The deadlock has left Iraq without a new budget amid the economic uncertainty stemming from Russia's war in Ukraine. Iraq
