Syria to rejoin Arab group at IMF, leaving Russian-led constituency Syria will rejoin the Arab constituency at the International Monetary Fund beginning Nov. 1 and has applied for membership in the EBRD. Syria
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
Analysis Turkey’s $20B fund crisis: Who profited, and who will pay? Opposition parties are demanding immediate government compensation for affected investors, who face up to a six-month wait as independent banks oversee the asset liquidations. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Iran’s rial hits record low as pressure on oil exports mounts The rial was trading at more than 2.5 million to the dollar in Tehran's open market on Tuesday. Iran
Rifts plague Libya’s central bank Although a new unity government was formed in Libya, ending years of division in state institutions, conflicts still plague some financial institutions that control the country's economy, namely the central bank. Egypt
Turkey bans cryptocurrency payments The Turkish Central Bank said cryptocurrencies like Bitcoin are too risky and forbade their use in the country. News Brief
Israel’s first digital bank now rolling Israel’s first digital bank wants to create a revolution in the banking sectors, much like Spotify revolutionized the music industry and Tesla the vehicle market. Israel
Turkish markets rattled after surprise firing of central bank head Turkey’s lira and main stock index slid about 9% Monday as markets reacted to the surprise removal of the nation’s central bank chief amid broader political turmoil. Turkey
Turkish Central Bank holds interest rate steady As forecasted, Turkey’s Central Bank policymakers held a key interest rate steady Thursday, saying they would continue working to reel in the nation’s double-digit inflation. Turkey
Cash-strapped Turkey relies on Qatari investments In only five years, Qatar has come to account for 15% of all foreign direct investments in Turkey, second only to deep-rooted Dutch investors. Turkey
International financial alliance forms to help Iraq Several countries are forming an economic alliance to help Iraq in its financial crisis. Iraq
Iran desperate to maintain Iraqi financial lifeline Iran seeks to maintain the flow of hard currency from Iraq to help it overcome the US sanctions. Iraq
Egyptians turn to Bitcoin amid coronavirus crisis Soaring prices of cryptocurrencies, most notably Bitcoin, are tempting many unemployed Egyptians seeking to achieve quick gains, amid fears of Bitcoin being exploited to finance terrorism or illegal trade. Egypt
Tehran Stock Exchange: The end of an illusion Many Iranian investors have recently seen the value of their portfolios drop significantly due to governmental overregulation in times of market growth. Iran
Lebanon-IMF talks make little progress despite bank collapse The Lebanese ruling elite is still bargaining over the economic reforms required by the International Monetary Fund, while the country’s economic situation continues to go downhill. Lebanon
