Saudi Arabia outlines oil export plans amid escalating Houthi attacks Saudi authorities said on Monday they were extending the suspension of operations at King Khalid International Airport after deadly attacks over the weekend by Yemen's Iran-aligned Houthis. Saudi Arabia
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
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
Asia buoys Iran as US sanctions hit Iran is still selling considerable quantities of oil to China, Japan, India and South Korea thanks to US waivers and other mechanisms to circumvent sanctions. Iraq
Why Turkey will protect trade with Iran from US sanctions The warming of ties between Iran and Turkey in recent years, coupled with the changing regional landscape, is likely to keep bilateral trade largely impervious to US sanctions. Turkey
Why Iran’s currency repatriation rules threaten rising exports Iranian exports have enjoyed a boost due to the weaker rial in recent months, but the country’s private sector says the mandatory currency repatriation mechanism devised by the central bank threatens legitimate exports. Iran
Putin eyes visit to Baghdad amid growing Russian-Iraqi contacts Contacts between Moscow and Baghdad have increased lately and President Putin may visit Iraq early next year. Iraq
Egypt grapples with economic decisions amid high inflation rates The Monetary Policy Committee of the Central Bank of Egypt decided to hold key interest rates for the fifth consecutive quarter, which raised questions about the government's ability to lower the high inflation rate. Egypt
Syria has high hopes for ties with Crimea — maybe too high? Damascus expects to take part in Crimea’s Yalta International Economic Forum next year, aiming to boost trade and economic relations. Syria
Iranian pension funds on brink absent major reforms Iran’s main pension funds appear to be in dire need of prompt reform in order to survive without government bailouts. Iran
Iraq’s governorates reject 2019 draft budget Iraq's 2019 draft budget is the target of major criticism by the Iraqi governorates and Kurdistan Region for not fulfilling their needs and demands. Iraq
Morocco eyes privatization to fill its budget deficit The 2019 finance bill shows a return of the privatization process in Morocco as a step in the direction of opening up the economy, but economists believe this is the ultimate proof of a failing fiscal policy. Morocco
Sanctions push Rouhani to boost state involvement in Iran’s economy The impact of the re-imposed US sanctions has forced the Rouhani administration to shift its market-oriented approach to the economy to focus on active involvement by the state. Iran
Turkey’s first 'communist' grocery chain goes global Led by Turkey’s first and only communist mayor, the small town of Ovacik boasts a flourishing farming cooperative whose organic products have taken customers across the country by storm. Turkey
Can new PM make Iraq's grand plans a reality? Iraq's new prime minister is making the economy a priority, but some question whether he will be able to tackle longstanding roadblocks that threaten his plan's success. Iraq
