economy
US plans sanctions on Iranians for violence against protesters, sources say
Middle East
November 10, 2020
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
November 10, 2020
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
November 9, 2020
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
November 9, 2020
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
November 9, 2020
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
November 6, 2020
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
November 5, 2020
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
November 4, 2020
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
November 4, 2020
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
November 4, 2020
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…