economy
Coronavirus could cause upheaval across Middle East: Red Cross
Middle East
April 16, 2020
Coronavirus could cause upheaval across Middle East: Red Cross
GENEVA (Reuters) — Coronavirus outbreaks across the Middle East threaten to shatter the lives of millions of already destitute people…
IMF predicts global recession, forecast for Egypt is positive
Business
April 15, 2020
IMF predicts global recession, forecast for Egypt is positive
The International Monetary Fund on Tuesday significantly reduced its expectations for global economic growth, anticipating a global recession amid the…
Middle East economies battered by virus, oil prices and conflict
Middle East
April 15, 2020
Middle East economies battered by virus, oil prices and conflict
DUBAI, United Arab Emirates (AP) — The Middle East, already wracked by high numbers of unemployed youth, unrest, conflict and…
Egypt buys less wheat than anticipated at tender to boost reserves
Business
April 15, 2020
Egypt buys less wheat than anticipated at tender to boost reserves
* Traders say prices offered were high * Egypt wants to buy 800,000 tonnes from abroad * Rare purchasing tender…
US eyes virus ‘plateau’ as world weighs cautious reboot
World
April 14, 2020
US eyes virus ‘plateau’ as world weighs cautious reboot
Coronavirus deaths in the hard-hit United States were flat for a second consecutive day, with New York’s governor saying the…
Pandemic a ‘perfect storm’ for South Asia, World Bank says
World
April 12, 2020
Pandemic a ‘perfect storm’ for South Asia, World Bank says
South Asia is on course for its worst economic performance in 40 years, with decades of progress in the battle…
V-shaped or U-shaped? Some economists upbeat on virus recovery
World
April 11, 2020
V-shaped or U-shaped? Some economists upbeat on virus recovery
The coronavirus pandemic has hit like a worldwide hurricane, shutting activity in most economies simultaneously, but some forecasters are more…
Iran presses for IMF loan; some business to stay shut despite easing
Middle East
April 8, 2020
Iran presses for IMF loan; some business to stay shut despite easing
DUBAI (Reuters) – President Hassan Rouhani pressed harder on Wednesday for a US$5 billion emergency IMF loan Iran has sought…
Egypt’s foreign currency reserves fall due to coronavirus crisis
Business
April 8, 2020
Egypt’s foreign currency reserves fall due to coronavirus crisis
The Central Bank of Egypt (CBE) said that it has used US$5.4 billion from its foreign currency reserves during March…
Jordan IMF program needs adjusting after coronavirus: central bank governor
Middle East
April 8, 2020
Jordan IMF program needs adjusting after coronavirus: central bank governor
AMMAN (Reuters) – Jordan is in discussions with the IMF seeking to change some of the objectives of a four-year…