economy

US plans sanctions on Iranians for violence against protesters, sources say
Middle East

US plans sanctions on Iranians for violence against protesters, sources say

WASHINGTON (Reuters) – The United States is expected to impose sanctions as early as next week on Iranians involved in…
Saudi economy contracts 4.2% in third quarter, improves from second quarter
Middle East

Saudi economy contracts 4.2% in third quarter, improves from second quarter

DUBAI (Reuters) – Saudi Arabia’s economy shrank 4.2 percent in the third quarter from a year earlier, government data showed…
Dollar hits ten-week low following US presidential election
Business

Dollar hits ten-week low following US presidential election

The US dollar fell to its lowest level in ten weeks on Monday, with investors buying trade-exposed currencies in anticipation…
Analysis: Shock Turkey leadership overhaul could mark pivot on economy
Middle East

Analysis: Shock Turkey leadership overhaul could mark pivot on economy

ISTANBUL (Reuters) – The shock departure of Turkey’s top two economic policymakers at the weekend sets the stage for an…
Two Lebanese youth offer migrant workers a way back home
Middle East

Two Lebanese youth offer migrant workers a way back home

BEIRUT (AP) — In a damp room with a few rotting pieces of furniture and old mattresses on the floor,…
Assad blames Syria’s current economic woes on Lebanese banks
Middle East

Assad blames Syria’s current economic woes on Lebanese banks

DAMASCUS, Syria (AP) — Syrian President Bashar Assad said much of his country’s current economic distress is a direct result…
Egypt’s Chamber of Tourism Establishments demands tourist restaurants be exempt from new business curfew
Egypt

Egypt’s Chamber of Tourism Establishments demands tourist restaurants be exempt from new business curfew

Head of the Egyptian Chamber of Tourism Establishments, Adel al-Masry, has called for tourist restaurants to be excluded from the…
Egypt’s Education Ministry suspends 2020/2021 increase of fees for private, international schools
Egypt

Egypt’s Education Ministry suspends 2020/2021 increase of fees for private, international schools

The Egyptian Education Minister, Tarek Shawky, decided on Wednesday to cancel the annual fee increase for private, language, and international…
Analysts’ View: World markets whipsaw on knife-edge US election
Business

Analysts’ View: World markets whipsaw on knife-edge US election

(Reuters) – US stock market futures struggled for direction amid some wild swings while longer dated Treasury yields buckled on…
Photos – Giza Plateau massive development: Cable car, electric transportation, and heliport
Egypt

Photos – Giza Plateau massive development: Cable car, electric transportation, and heliport

In the midst of the ongoing coronavirus pandemic, Egypt’s Giza Plateau development project is showing no signs of slowing. The…
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