Syria to rejoin Arab group at IMF, leaving Russian-led constituency Syria will rejoin the Arab constituency at the International Monetary Fund beginning Nov. 1 and has applied for membership in the EBRD. Syria
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
Analysis Turkey’s $20B fund crisis: Who profited, and who will pay? Opposition parties are demanding immediate government compensation for affected investors, who face up to a six-month wait as independent banks oversee the asset liquidations. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Iran’s rial hits record low as pressure on oil exports mounts The rial was trading at more than 2.5 million to the dollar in Tehran's open market on Tuesday. Iran
Lebanese bank official arrested for alleged currency manipulation Lebanon's central bank denied the allegations; the Lebanese pound's value has decreased significantly amid the ongoing economic crisis. Lebanon
Lebanon to seek IMF assistance to help with economic crisis The prime minister said Lebanon would seek $10 billion in loans from the international financial institution after passing a reform bill. Lebanon
Israel’s largest bank admits to helping taxpayers use offshore accounts, facilitating FIFA conspiracy Bank Hapoalim agrees to pay the United States more than $900 million in connection with the two cases. Israel
Oman’s sovereign wealth fund under pressure Ahead of the prospect of a high budget deficit in 2020, assets held by the State General Reserve Fund (SGRF) plunged by about a third to $14.3 billion. Oman
Banks can't save Gulf economies Because of the way they are set up, GCC banks will have a hard time providing the funds that could help jump-start regional economies as the COVID-19 pandemic continues to take its toll. Legacy: Gulf
Turkey offers fresh money to companies, seeks donations for the poor amid coronavirus crisis While enhancing monetary expansion measures to prop up companies and banks against the coronavirus crisis, Ankara is calling for donations from the public to support the poor. Turkey
Tehran stock market could remain strong despite Iran's economic downturn Now might be a good time to list companies on Tehran’s booming stock exchange. Iran
Egypt to offer investors shares in military-run companies Egypt’s Sovereign Fund is assessing military-run companies in a bid to open them up to domestic and foreign investors. Egypt
Egypt seeks economic haven from coronavirus threat The Central Bank of Egypt is taking steps to protect the country's economy as it weathers the coronavirus pandemic. Egypt
Ankara’s economic measures bring little relief against virus crisis The embattled Turkish lira has continued to nosedive and Turkey’s risk premium has climbed to new highs despite a package of government measures to stem the economic impact of the coronavirus pandemic. Turkey
Lebanon struggles to cope with COVID-19 amid financial crisis As Lebanon reels under the brunt of the worst financial crisis in its recent history, the government struggles to provide the necessary equipment to be able to cater for a potential increase in novel coronavirus cases. Lebanon
What impact will Lebanon’s looming debt crisis have on its society and economy? Lebanon’s government is still negotiating the issue of Eurobonds maturing next week, with analysts saying that whatever the steps, Lebanon will face an even more agonizing economic downturn. Lebanon
