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 builds industrial city in Tanzania Egypt and Tanzania close ties are strengthened further by the inauguration of an Egyptian industrial city adjacent to the Tanzanian capital. Egypt
Syria, Iraq discuss boosting trade The two countries also discussed cooperation on oil imports earlier this year. News Brief
US, Palestinian officials hold first economic dialogue in five years The US-Palestinian Economic Dialogue covered infrastructure development, access to US markets, US regulations, free trade and other financial issues. News Brief
Qatar, Israel reach agreement on diamond trade Qatar is not part to the Abraham Accords for normalizing ties with Israel, but this did not prevent it from reaching a bilateral agreement with Israel on the trade of diamonds. Israel
Will Lebanon’s economic crunch stir demographic change? The emigration of Lebanese, especially Christians, raises concerns in Lebanon in terms of the demographic change that it may lead to, in light of the economic crisis that the Lebanese have been experiencing for nearly two years. Lebanon
Israeli PM pays landmark visit to UAE On a first official visit to the Emirates, Prime Minister Naftali Bennett met with Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan. Israel
Will other Gulf states follow UAE decision to shift workweek? The Emirates' push to better align its economy with global markets elicited mixed reactions across the Gulf. Legacy: Gulf
Lebanese opt for new emigration destinations amid crises Lebanon is witnessing one of the biggest waves of emigration in its history as the country faces its worst socio-economic conditions amid a worsening political crisis; Turkey, Armenia and Georgia have become new destinations. Lebanon
Lebanon's elderly population devastated by crash As one of the 16 countries in the world that don’t offer social security, older people in Lebanon are spending their last years struggling and depending on aid groups to survive. Lebanon
Sweeping legal reforms aim to maintain UAE's competitive edge The new amendments will add more flexibility to a wide range of economic sectors and industries, reaffirming the UAE’s standing as a leading business hub. Legacy: Gulf
How feasible is Raisi’s economic roadmap for Iran? The ministry of finance's new set of economic goals and timelines outlines lofty ambitions but ignores the current limits that sanctions place on Iran's international trade. Iran
Erdogan appoints champion of low interest rates as new finance minister Nureddin Nebati, who has fiercely defended the president’s low rate policies, has replaced Lutfi Elvan as Turkey's finance minister. Turkey
