economy

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…
Kuwait’s economic makeover under threat as small businesses fight for life
Middle East

Kuwait’s economic makeover under threat as small businesses fight for life

KUWAIT, Aug 12 (Reuters) – Thousands of small and medium Kuwaiti businesses could go to the wall after being walloped…
SCZone: Russian Industrial Zone will be first of its kind for Moscow
Business

SCZone: Russian Industrial Zone will be first of its kind for Moscow

Head of the Suez Canal Economic Zone (SCZone) Yahya Zaki said on Tuesday that the Russian Industrial Zone (RIZ), which…
Kuwait’s 2020-21 budget deficit increases 175 percent to record 10.8 bln dinars
Middle East

Kuwait’s 2020-21 budget deficit increases 175 percent to record 10.8 bln dinars

CAIRO, Aug 7 (Reuters) – Kuwait’s budget deficit increased 174.8 percent in the 2020-21 year to 10.8 billion dinars ($35.5…
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