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
Egypt empowers disabled with entrepreneurship incubator Egypt will establish a new incubator to help entrepreneurs with disabilities turn their projects into viable businesses, as the Arab country aspires to turn this segment of society into a driving force of economic growth. Egypt
Divergent currency values make life even harder in Yemen Yemenis continue to bear the brunt of the war, including a devastated economy and banknotes that may have no value depending on which part of the country they visit. Legacy: Gulf
Doha Bank releases 2021 profits The Qatari bank reported a slight increase in profits compared to 2020, though it experienced a loss in its amount of total assets. By AL-MONITOR Staff
Chinese companies lose tenders for Israeli light rail Chinese companies lost tenders for light rail in the Tel Aviv area, apparently following American pressure against Chinese involvement in strategic projects in Israel. Israel
Israeli consumers angry over cost-of-living hike With the cost of living rising steeply, and with the poor getting even poorer, Israel’s government is facing plenty of angry citizens. Israel
Next phase of China-Iran ties depends on nuclear talks Iran and China's long-term strategic partnership awaits any new outcome of the JCPOA. Iran
Saudi business group touts plan to improve economic ties with Russia Russia is working to improve relations with Saudi Arabia and wants the kingdom to buy its S-400 missile defense system. Russia
Israel, Emirates establish joint R&D, tech investment fund With the export of Israeli high tech surpassing the export of goods, the government invests in a joint fund with the Emirates for technologies and start-ups, and also supports investment funds for developing countries. Israel
Lebanon signs new electricity deal with Jordan, Syria A previously announced agreement to export Egyptian gas to Lebanon has yet to come to fruition. Lebanon
Saudi Arabia reports more non-oil exports, large amount of trade with China The kingdom is trying to reduce its dependence on oil. Legacy: Gulf
Palestinian economic activity with Israel increases Relations between Israel and the Palestinian Authority warmed last year. Palestine
