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
Iran offers big promises to help rebuild Lebanese economy Meeting one Lebanese official after another, Iran's top diplomat announced substantial pledges for Lebanon's energy crisis, as foreign players are jostling each other for influence in the Arab country. Iran
Fragile Israeli government braces for chill as Knesset winter term begins The Knesset’s winter session, which opened yesterday, is expected to test the precarious coalition of Prime Minister Naftali Bennett. Israel
Iran's foreign minister says economy won’t be tied to nuclear talks Iran’s new foreign minister said the country is serious about the nuclear talks but wants seriousness from the other side as well. Iran
Saudi-linked SoftBank invests heavily in Israel The investment of SoftBank in Israel and the appointment of former Mossad Chief Yossi Cohen as its representative in the country might signal Saudi interests in Israeli technology. Israel
Turkish lira drops to near record lows after Central Bank trims policy rate The move came following pressure from the Turkish president. Turkey
Lebanon raises fuel prices again The Lebanese government previously subsidized fuel prices amid the country's worsening economic crisis. Lebanon
Iran’s membership in Asian security body won’t solve sanctions problem While the news that Iran will gain full membership in the Shanghai Cooperation Organization is a psychological victory for the sanctions-hit country, it will take much more to achieve lasting economic impact. Iran
UAE spends big to boost private sector workforce The United Arab Emirates will spend $6.5 billion in incentives for its citizens to take work in the private sector and stop waiting for public jobs. Legacy: Gulf
Will Iranian fuel solve fuel crisis in Lebanon? Lebanese economists do not see any benefit from the Iranian fuel shipments that recently entered Lebanon, with support from Hezbollah, amid the worsening fuel crisis in the cash-strapped country. Lebanon
Amazon's entry heats up local competition in Egypt US e-commerce giant Amazon opened its logistics zone in Egypt, offering new options to consumers and new challenges to small businesses. Egypt
Bennett rules out meeting Abbas, but not economic cooperation Prime Minister Naftali Bennett said Tuesday that he will not meet with Palestinian President Mahmoud Abbas, but he showed willingness to support economic and business ties with the Palestinian Authority. Israel
Confidence-building measures with Israel trigger mixed reactions among PA leaders Palestinian leaders exhibit varying reactions toward the confidence-building measures with Israel. Palestine
