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
US sanctions put nearly half a million jobs at risk in Iran’s auto parts industry Auto parts suppliers in Iran warn that US sanctions coupled with domestic mismanagement are bringing their industry to its knees. Iran
Who is at the sharp end of Turkey’s currency crisis? After years of bold borrowing from abroad, Turkish conglomerates, including government cronies, are sitting on a powder keg as the country’s currency turmoil keeps augmenting their debt repayment woes. Turkey
Is there hope for reforming Libya’s shattered economy? In an interview with Al-Monitor, Libyan Economy and Industry Minister Nasser al-Dersi talks about the Government of National Accord’s new economic reform program and the challenges it faces. Libya
Saudi Arabia’s diplomacy has costs Saudi Arabia's diplomatic decisions since King Salman took over the rule of the kingdom in 2015 have caused much controversy, with the bombing of a school bus in Yemen and the row with Canada over a tweet as recent examples. Saudi Arabia
The interest group economics wreaking havoc on Iran's currency Absent tackling such root issues as banking and financial sector reform, Iran’s political economy is likely to continue to shape government policy to the detriment of the economy and the society as a whole. Iran
Mainstream Turkish media turn blind eye to country’s worst currency crisis Although Turkey is suffering one of the worst currency crises in its history, no single mainstream Turkish media outlet has covered the development. Turkey
Turkey steps up efforts to shun dollar As the Turkish lira plunges to a record low, some voices in Ankara are warning that the United States is furious over Turkey’s efforts to reduce its dependency on the dollar. Turkey
Turkey’s economy struggles with new political reality Turkey’s economic downturn has only grown worse since President Recep Tayyip Erdogan assumed sweeping new powers after the June polls, as some observers fear that the economy might not be Ankara’s primary concern. Turkey
China set to fill vacuum left by French carmakers exiting Iran The exit of French automakers from Iran is leaving a vacuum that appears set to be filled by Chinese auto manufacturers. Iran
Egyptian forum dreams up ways to attract expat money A recent forum for Egyptian expatriates produced various ideas on how to get emigrants to invest in their home country. Egypt
US reimposes sanctions as Iran deal crumbles With the Donald Trump administration set to reimpose Iran sanctions after exiting the nuclear deal, it’s looking less and less likely the rest of the world can salvage the accord. United States
IMF option looms larger for Turkey amid row with US Turkey’s economic woes keep growing, exacerbated by central bank inaction and simmering tensions with the United States, in what many see as an inevitable march to the IMF. Turkey
