economy
COVID and military coup cripple Myanmar economy
World
August 27, 2021
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
August 26, 2021
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
August 25, 2021
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
August 23, 2021
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
August 17, 2021
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
August 17, 2021
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
August 16, 2021
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
August 12, 2021
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
August 11, 2021
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
August 7, 2021
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…