Economy and trade

Turkey welcomes back foreign cash, no questions asked

Scrambling to ease a bruising hard currency crunch, the Turkish government has enacted a wealth amnesty bill that opens the door to the repatriation of shadowy money from abroad.

Turkey

Why China may not come to Iran’s rescue

While China remains committed to the implementation of the nuclear deal with Iran, the extent of its economic interaction with the Islamic Republic may be limited by US sanctions.

United States

US exit from nuclear deal driving Russia, Iran closer

Moscow and Tehran are willing to tackle multiple challenges to improve their business dealings despite US sanctions.

Russia

Iraqi Kurds look to open new chapter with Iran

The Iraqi Kurdish leadership forges ahead with efforts to improve ties with Iran, both in hopes of reviving their economy and also to regain lost clout in Baghdad.

Iraq

Turkey stands to suffer under new US sanctions on Iran

Turkey might have a tough time dealing with pending US penalties against Ankara's trading partner Iran.

Turkey

Who is really driving the slump of the Turkish lira?

Though the flight of foreign investors is often cited as the main factor behind the slump of the Turkish lira, official data indicate that growing distrust in the currency stems largely from domestic actors.

Business

Saudi Arabia, Iran vie for economic influence in Iraq

Saudi Arabia is seeking to enter the Iraqi market aggressively, along with a political presence, and increase the competition with its opponent Iran in the Iraqi arena.

Saudi Arabia

How Turkey's 'doping-induced' growth backfired into hasty elections

The Turkish government’s rush to hold elections in June is driven by economic woes that even its attempts at "doping-induced" growth have failed to overcome.

Turkey

Egypt establishes sovereign fund

The Egyptian government has moved to establish a sovereign fund as part of reforms intended to boost the economy and shrink unemployment.

Egypt

Iran pushes for transparency to deal with currency instability

While Iran’s push for transparency is positive, its new integrated system for hard currency transactions seems ill-prepared to manage the complexities of the Iranian currency market.

Iran

Iran’s currency tensions spur crypto ban

Iran’s recent move to ban cryptocurrencies is not only far from clear in its scope, but also likely a mere temporary fix amid efforts to combat capital flight.

Iran

Economic disobedience looms in Gaza

Gaza’s private sector is threatening to start acts of economic disobedience in a bid to pressure the Palestinian Authority and Israel into alleviating the economic crisis plaguing the enclave.

Palestine