economy

Iran’s parliament to question president over economic woes
Middle East

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

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

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

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

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

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

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

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

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

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…
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