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
Sudan, South Sudan resume trade activity Following a 10-year hiatus, since the secession of South Sudan on July 9, 2011, the governments in Juba and Khartoum agreed to resume trade activity and cooperate on transport and security beginning in early October. Egypt
Lebanon forms new government The formation of a new government led by Prime Minister Najib Mikati brings to an end a 13-month gridlock in Lebanon. Lebanon
Chinese-operated port opens in Israel despite American concerns The Biden administration is relaying to Jerusalem the same fears expressed by former US administrations over Chinese investments in Israel. Israel
Absence of government, parliament negatively affects Tunisia’s economy The complex political and economic scene in Tunisia is deepening concerns over the negative economic repercussions on the sovereign ratings of the economy and the business and investment climate, as political experts warn of an unprecedented economic disaster. Tunisia
Israel opens Chinese-run terminal at Haifa port Biden's CIA director raised concerns about Beijing's growing investment in Israel, according to a report. Israel
Turkey’s record growth rate belies murky economic prospects Eager to woo back disgruntled voters, Erdogan appears bent on stimulating economic growth at the risk of stoking Turkey’s currency troubles. Turkey
Will Riyadh's efforts to Saudize workforce reduce unemployment? Saudi Arabia’s quest for regional economic leadership sheds light on the largest reserve of citizens in the Gulf Cooperation Council, reigniting debate over localization policies. Legacy: Gulf
Turkey views ties with Ethiopia as key to influence in Africa Turkey’s quest for normalization with Egypt and a new beginning with Sudan hinges on how far Ankara takes its relations with Ethiopia amid a simmering water dispute in the region over Ethiopia’s mega dam on the Nile. Turkey
Afghan chaos further incentive for India’s efforts to strengthen ties with Iran The recent rise of the Taliban in Kabul has expedited New Delhi's efforts to boost ties with Iran, which is positioned to be India's main corridor to Afghanistan, yet major challenges remain. Iran
Egyptians hoard gold jewelry The price of gold in Egypt has declined, amid growing demand for jewelry. Egypt
Israel loosens restrictions on trade, travel from Gaza Israel is reopening the Erez pedestrian crossing to merchants and businesspeople after closing over coronavirus concerns last year. News Brief
Israeli budget approved in victory for Arab coalition party The big winner of the approval of Israel’s 2021 state budget is the leader of the Arab coalition party Ra’am, Mansour Abbas. Israel
