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
Turkish Central Bank intervenes to curb 'unhealthy' lira losses Amid a sharp slide in the nation’s currency, the Turkish Central Bank announced it would intervene in markets and sell foreign exchange reserves Wednesday to stem volatility in the Turkish lira. Turkey
The Takeaway: Iran nuclear talks resume next week — What you need to know Turkish lira crisis hits Syria; Saudi, Syrian intel chiefs talk; Netflix drama evokes memories for Izmir’s Jews; Oman bets on logistics; Egypt, Tanzania deepen ties; Gaza’s women skateboarders — all in less than 1,500 words. By Andrew Parasiliti , Elizabeth Hagedorn , Joe Snell
Deteriorating Turkish lira hurts residents in Syria's Idlib The depreciation of the Turkish lira against the US dollar has resulted in worsening living conditions in Idlib and increased the people’s resentment against Hayat Tahrir al-Sham and the Salvation Government, which they hold primarily responsible for the economic crisis. Syria
Israel-UAE trade reaches $700 million Israel’s representative in Dubai said there is going to be a “surge” of business between Israel and the Emirates. News Brief
Food price hikes feared in Turkey after currency slump Turkish social media swirled with rumors Monday of possible bread price hikes following a record slide in the nation’s currency, and economist say the anxiety could add to inflationary pressures. Turkey
Saudi Arabia grants citizenship to prominent doctors, scholars The official Saudi Press Agency said the kingdom will grant citizenship to “experts and exceptional global talents." Saudi Arabia
Saudi Arabia welcomes multinationals to Riyadh Saudi Arabia's move to license 44 companies to open headquarters has put the kingdom in competition with the United Arab Emirates regional business hub. Legacy: Gulf
Israel’s Bennett hopes to outdo Netanyahu in relations with India Stepping into the shoes of Benjamin Netanyahu, Prime Minister Naftali Bennett makes efforts at strengthening the bilateral economic ties and the security alliance Israel has forged with India. Israel
Backlash after Islamist group in Idlib taxes olive crops The HTS-affiliated Salvation Government imposed Islamic taxes on olive crops, thus worsening farmers’ plight amid the water scarcity and drought. Syria
US, Egypt conclude first 'strategic dialogue' under Biden In a joint statement, the two countries pledged to continue their dialogue on the US-Egypt strategic partnership, regional cooperation and human rights. Egypt
Israeli, Jordanian economy ministers sign West Bank export deal In their meeting Nov. 3, Economy Minister Orna Barbivai and Jordanian Minister of Industry, Trade and Supply Yousef Alshamali agreed to expand the list of materials and products Jordan could export to the West Bank. Israel
Turkish inflation nears 20% on rising food, energy costs While Turkey’s latest official inflation figures beat expectations, raising some concerns over data integrity, consumer prices are expected to keep rising amid growing global energy costs. Turkey
