economy

Dubai Islamic Bank plans dollar senior sukuk – sources
Middle East

Dubai Islamic Bank plans dollar senior sukuk – sources

DUBAI, Aug 31 (Reuters) – Dubai Islamic Bank, the United Arab Emirates’ largest Islamic lender, is planning to soon sell…
Turkey’s booming growth cuts both ways as inflation stings
Middle East

Turkey’s booming growth cuts both ways as inflation stings

ANKARA, Aug 31 (Reuters) – Turkey’s economy is bouncing back from a pandemic-induced slump with close to 10 percent growth…
Afghanistan’s economic crisis deepens as airlift winds down
Middle East

Afghanistan’s economic crisis deepens as airlift winds down

KABUL, Afghanistan (AP) — Hundreds of Afghans protested outside a bank in Kabul on Saturday and others formed long lines…
COVID and military coup cripple Myanmar economy
World

COVID and military coup cripple Myanmar economy

Zaw Min (name changed to protect his identity) is a construction worker in his 30s from the Yangon suburb of…
Arabian nights buzz: staycations boost Saudi economy
Middle East

Arabian nights buzz: staycations boost Saudi economy

RIYADH, Aug 26 (Reuters) – When US celebrity chef David Burke opened his second restaurant in Riyadh earlier in August,…
Afghans struggle with empty ATMs, soaring prices
Middle East

Afghans struggle with empty ATMs, soaring prices

Over a week after the Taliban’s takeover of Afghanistan’s capital Kabul, its residents are reeling from a severe shortage of cash…
Dubai house prices to rise modestly, stay affordable in coming years
Middle East

Dubai house prices to rise modestly, stay affordable in coming years

BENGALURU, Aug 23 (Reuters) – Dubai’s residential property market is on a steady course, with prices expected to rise modestly…
Egypt faces up to US$1.9 mn in daily losses due to UK’s ‘Red List’ designation: WTTC
Egypt

Egypt faces up to US$1.9 mn in daily losses due to UK’s ‘Red List’ designation: WTTC

The World Travel and Tourism Council (WTTC) warned that placing Egypt on the UK’s red list for travel could be…
Bahrain government deficit down 35% in H1 2021 – ministry
Middle East

Bahrain government deficit down 35% in H1 2021 – ministry

CAIRO, Aug 16 (Reuters) – Bahrain’s government deficit reached 520 million Dinars ($1.38 billion) in the first half of 2021,…
China economy under pressure as factory output, retail sales growth slow sharply
World

China economy under pressure as factory output, retail sales growth slow sharply

BEIJING, Aug 16 (Reuters) – China’s factory output and retail sales growth slowed sharply and missed expectations in July, as…
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