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
Egypt, Turkey ink investment deals with China on SCO Summit sidelines Egyptian Prime Minister Mostafa Madbouly and Turkish President Recep Tayyip Erdogan were in China for the two-day summit. Egypt
Analysis Arid Gulf states pursue global water deals, leveraging desalination expertise After becoming leaders in domestic water desalination, Gulf states are spotting opportunities to generate lucrative returns by exporting their know-how in a world facing growing water pressures. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis How India-China reset could ease competition over Middle East energy, trade Experts suggest the improved ties could allow both countries to pursue joint projects and strengthen their economic and strategic roles in the Middle East. By Sabena Siddiqui In Karachi, reporting on South Asia, Middle East, Iran
Amid Trump tariffs, UAE, Singapore to form trade group of small nations The new group, the Future of Investment and Trade Partnership (FIT-P), is expected to include around 10 countries, with the UAE, Singapore, and New Zealand being founding members. United Arab Emirates
US eases export controls to boost Syria's recovery The move is the Trump administration’s latest bid to assist the country's postwar reconstruction. Syria
UK bans Israeli officials from major defense fair: What to know After suspending trade talks and sanctioning Israeli far-right ministers, the British government barred an official Israeli delegation from a major London defense fair. Israel
Somalia, UAE hold talks as tensions simmer over Puntland, Somaliland The visit occurred on the same day that Somalia's president met with Sudan’s intelligence chief. United Arab Emirates
Iran's currency plunges below 1M against dollar as E3 triggers snapback sanctions Iran's struggles with inflation and the depreciation of the rial could be compounded by Europe reimposing sanctions over the nuclear issue. Iran
ACWA Power, TAQA among Saudi firms backing Syria's energy comeback Some 14 years of civil war have wiped at least $800 billion from the country’s gross domestic product, according to UN figures. Syria
Egypt secures $220M from domestic, Gulf, Chinese investors for solar project Foreign investment from three countries comes at a pivotal time in Egypt’s recovery from its worst financial crisis in over six decades. Egypt
Lebanese PM meets Egypt’s Sisi amid Hezbollah disarmament push: What to know Egyptian President Abdel Fattah al-Sisi pledged support for Lebanon’s stability and reconstruction during talks in Cairo with Lebanese Prime Minister Nawaf Salam. Lebanon
Abu Dhabi’s Lunate buys stake in UK hedge fund, launches $2B investment arm With $1.7 trillion in sovereign wealth, Abu Dhabi has long sought to establish itself as a global financial hub. United Arab Emirates
