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
Analysis As Trump plays Russia oil sanctions gambit, will Middle East profit or pay? A potential US crackdown on Russian oil buyers could disrupt global trade flows — and the Middle East stands to both benefit and lose. By Samuel Wendel In Washington, DC, reporting on regional business and tech
UAE looks to boost Russia trade to $23B despite Trump tariff threats The two countries signed a trade agreement focusing on several key sectors, including fintech, health care, logistics, transportation and services. United Arab Emirates
Iran’s president to visit Armenia, China: What to know Tehran is looking to strengthen ties with regional and Asian powers as Western sanctions continue to squeeze its economy. Iran
UAE president heads to Russia to meet Putin as ties grow: What to know UAE President Sheikh Mohammed bin Zayed al-Nahyan is heading to Moscow on Thursday for an official visit, his second in less than a year as Russian-Emirati relations continue to develop rapidly. United Arab Emirates
UAE’s ADNOC inks 10-year gas deal with India: What to know The UAE is seeking to export more gas to India as domestic consumption is projected to rise in the South Asian country. United Arab Emirates
Iran mulls nixing zeros from currency as value plunges: What to know Iran has experienced massive inflation in recent years and is now contending with an energy crisis as well. Iran
Turkey’s inflation falls to four-year low of 33.5%: What to know Treasury and Finance Minister Mehmet Simsek said on X that annual inflation had fallen to its lowest level in 44 months. Turkey
Analysis Netflix teams up with MBC’s Shahid in Saudi Arabia: An end to streaming wars? A new agreement between MBC Group and the US industry giant appears to signal a shift in the Middle East's streaming market, with top players opting for collaboration over competition. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Egypt inks offshore oil and gas deals with Eni, BP: What to know Egypt faces growing energy vulnerability due to declining natural gas production and heavy reliance on imported supplies. Egypt
Somalia's FM visits Azerbaijan, talks energy cooperation: What we know Somalia and Azerbaijan agreed to strengthen cooperation in various fields during the Somali foreign minister’s visit to Baku. Somalia
Middle Eastern countries face new Trump tariffs: What to know European and Asian markets fell again on Friday amid a broad selloff due to the economic uncertainty caused by the tariffs. United States
Italy’s Meloni discusses immigration, economic ties on Tunisia visit: What to know The two countries have strengthened their ties in the past years, signing several agreements on economic, trade and energy cooperation. Tunisia
