TEHRAN — The Iranian government on Thursday appointed Mohammad Reza Farzin as the new governor of the Central Bank of Iran to replace Ali Salehabadi, whose resignation was accepted by the cabinet.
The move was widely seen as Iran’s latest effort to contain the accelerated fall of its currency’s value against major foreign currencies in the past weeks. The U.S. dollar was sold for 430,000 Iranian rials on Thursday, hitting another historic high. (Iran-Central Bank-New Governor)
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CAIRO — Egyptian President Abdel-Fattah al-Sisi approved a state ownership policy that defines the government’s economic presence with an aim to increase the private sector’s role in the economy, the cabinet said in a statement on Thursday.
The president’s approval of the State Ownership Policy Document “confirms the state’s keenness to allow more room for the private sector to participate in generating economic growth,” Prime Minister Mostafa Madbouly was quoted as saying at the cabinet meeting. (Egypt-Economy-Private Sector Role)
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JERUSALEM — Benjamin Netanyahu, the longest-serving Israeli leader, returned to power on Thursday as the country’s prime minister at the helm of an extreme-right coalition.
In an official inauguration ceremony at the Israeli parliament, lawmakers voted by 63-54 in favor of approving the new government. (Israel-New Gov’t-Sworn In)
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ANKARA — Turkish Foreign Minister Mevlut Cavusoglu said on Thursday that the next contact with the Syrian government as part of a road map for dialogue between the two countries will be between the foreign ministers.
The foreign ministers’ meeting will be the second stage of the contact after defense ministers of Russia, Türkiye and Syria met in Moscow on Wednesday for normalization between Türkiye and Syria in the decade-long Syrian war, Cavusoglu told reporters at a press briefing in the capital Ankara. (Türkiye-Syria-Normalization)