Economy and trade

Iran’s youngest minister becoming symbol of transparency drive

Iran’s youngest minister has received widespread praise for his “courageous” transparency campaign after revealing a list of allegedly fraudulent cellphone importers.

Iran

How Iran dropped dual exchange rates but ended up with four

While the Rouhani administration is taking steps toward stabilizing the rial, its rate unification policy has in effect resulted in a multi-tiered exchange rate regime.

Iran

Will Iran's economy collapse?

The best remedy for Iran to solve its economic crisis is greater transparency and a focus on technocratic remedies.

Iran

Can pay raises placate Egyptians amid fuel, electricity price hikes?

The Egyptian government has announced an increase in pay and pensions for civil servants before it lifts subsidies on electricity and fuel.

Egypt

Iran preps for sanctions by expanding major port project

Iran has long sought to develop the port of Chabahar, but its plans have recently expanded to building a major industrial center.

Iran

Why Turks keep billions 'under the pillow'

Amid waning confidence in Turkey’s economic prospects, many Turks have come to shun the financial system and keep their savings at home.

Turkey

Legendary Iranian soccer player urges consumer boycott to root out ‘thieves’

As consumer prices continue to hit ordinary Iranians hard, a popular former soccer player is leading a consumer boycott on social media in an effort to reduce prices.

Iran

Leave room for private sector to flourish, IMF advises Egypt

The International Monetary Fund is cautioning Egypt not to allow its military-affiliated businesses to grow even larger at the expense of the private sector.

Egypt

As dollar rises, Turkey's tourism income suffers

Turkey's weak currency means more tourists can afford to travel there, but it doesn’t mean more revenue for the country.

Turkey

How rial's devaluation may boost Iranian economy

Excess liquidity in search of higher returns may be causing turmoil in Iran’s foreign exchange, property and gold coin markets, but the money is primed to positively impact capital markets.

Iran

Can PA's push for e-payments help ease its cash crunch?

The Palestinian Authority has approved a plan to promote the use of electronic payment methods to reduce the need for cash, especially hard currency, and to catch up with international developments in financial transactions.

Palestine

Does latest Gulf aid to Jordan come with strings?

Analysts wonder whether a Gulf aid package to help Jordan deal with its current economic crisis is in fact an attempt to pressure the kingdom into accepting the Israeli-Palestinian peace plan being developed by the United States.

Legacy: Gulf