economy
Iran’s parliament to question president over economic woes
Middle East
August 1, 2018
Iran’s parliament to question president over economic woes
TEHRAN, Iran (AP) — Iran’s parliament announced Wednesday it would hold a special session to question President Hassan Rouhani about…
Egypt maintains LE16 per USD customs exchange rate for August
Business
July 31, 2018
Egypt maintains LE16 per USD customs exchange rate for August
Egypt’s Finance Minister Mohamed Maeet announced on Tuesday that the exchange rate of the customs dollar will continue to be…
Turkey’s central bank hikes inflation view, defends independence
Middle East
July 31, 2018
Turkey’s central bank hikes inflation view, defends independence
ANKARA (Reuters) – Turkey’s central bank on Tuesday sharply raised its inflation forecast for this year and next, saying price…
King Mohammed VI urges action to address Morocco’s social problems
Middle East
July 30, 2018
King Mohammed VI urges action to address Morocco’s social problems
RABAT (Reuters) – Morocco’s King Mohammed VI called on Sunday on the government to do more to address the country’s…
Iran currency extends record fall as U.S. sanctions loom
Middle East
July 30, 2018
Iran currency extends record fall as U.S. sanctions loom
DUBAI (Reuters) – Iran’s currency hit a new record low on Sunday, dropping past 100,000 rials to the U.S. dollar…
Egypt says country grew at highest rate in 10 years
Business
July 28, 2018
Egypt says country grew at highest rate in 10 years
Egypt’s Planning Ministry says the country’s economy grew 5.3 percent in the most recent fiscal year — the highest…
With economy faltering, Iran appoints two new heads of key agencies
Middle East
July 25, 2018
With economy faltering, Iran appoints two new heads of key agencies
(Reuters) – Iran’s cabinet appointed new heads at two of the government’s top economic institutions, as the country grapples with…
International Finance Corporation to fund Egypt’s private sector with $2 bn by 2019
Business
July 22, 2018
International Finance Corporation to fund Egypt’s private sector with $2 bn by 2019
The International Finance Corporation (IFC) is committed to financially support Egypt’s private sector with a $2 billion fund by…
Remittances from Egyptians abroad up by 41.2% in April 2018
Business
July 10, 2018
Remittances from Egyptians abroad up by 41.2% in April 2018
The Central Bank of Egypt (CBE) announced a rise in remittances from Egyptians working abroad by 41.2 percent in…
China pledges $20 billion in loans for Arab states
Business
July 10, 2018
China pledges $20 billion in loans for Arab states
China will provide Arab states with $20 billion in loans for economic development, President Xi Jinping told top Arab…