Currency shocks, wild inflation mark Erdogan’s time as executive president Turkey’s currency has lost 73% of its value against the dollar since Erdogan assumed sweeping executive powers in 2018 and remains prone to fresh shocks amid growing economic fragilities. Turkey
US deputy treasury secretary in Turkey to warn against evading Russian sanctions In a visit to Ankara Wednesday, US Treasury Deputy Secretary Wally Adeyemo plans to remind Turkey that anyone evading US sanctions against Russia will be held accountable. Turkey
Egypt-Lebanon gas deal awaits US decision on Syria sanctions A State Department spokesperson said the administration will review the final contracts and financing terms to address any sanctions concerns. Lebanon
Iran's IRGC says US is retreating from region The head of Iran's IRGC said that the United States is now leaving the Middle East. Iran
Israeli coalition collapse sets up Netanyahu-Lapid political showdown With new elections on the horizon, former Prime Minister Benjamin Netanyahu and Alternate Prime Minister Yair Lapid prepare themselves for the ultimate fight. Israel
Israeli settlement plan in West Bank stirs tensions ahead of Biden trip US President Joe Biden's visit to the region occurs as Israel escalates military policies in the West Bank and unveils new settlement plans. Palestine
Conflicting reports on Islamic State leader arrested in US operation in north Syria The US-led coalition has revealed the identity of the Islamic State leader it arrested during an airdrop operation in northern Syria, saying he was a prominent bombmaker. But some Syrian opposition sources say they got the wrong man. Syria
In race against time, Israeli government passes first test to dissolve Today’s procedural step in the Knesset moves the Israeli coalition government closer to dissolution and elections in the fall. Israel
Islamic Jihad ramps up the threats toward Israel in West Bank The Palestinian Islamic Jihad movement in Gaza is currently leading the confrontation with Israel amid calls for an escalation in response to the Israeli army’s assassination of members of the movement in the West Bank. Palestine
Saudi Arabia’s ACWA Power to develop wind project in Egypt Wind power is slowly growing in the Middle East and North Africa, including in the oil-rich Gulf. Gulf
Israeli minister backs Moroccan claims to Western Sahara sovereignty On a first official visit to Morocco, Interior Minister Ayelet Shaked said Israel recognized Morocco’s sovereignty over the Western Sahara, and stated Israel’s intention to enable Moroccans to work in Israel in the construction and nursing sectors. Israel
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