Financial markets

Iraqis panic as leaked budget draft signals devaluation
Middle East

Iraqis panic as leaked budget draft signals devaluation

BAGHDAD (AP) — A leaked draft of Iraq’s state budget sent Iraqis into a panic on Thursday as it confirmed…
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…
World feels sting of US Federal Reserve
Economy

World feels sting of US Federal Reserve

JAKARTA/BUENOS AIRES/WASHINGTON (Reuters) – When the US Federal Reserve kept lifting interest rates this year, a world away in Jakarta…
China envoy warns of dire consequences
World

China envoy warns of dire consequences

WASHINGTON (Reuters) – China is going to this week’s G-20 summit hoping for a deal to ease a damaging trade…
Egypt promotes investment opportunities at ‘Davos in the Desert’
Business

Egypt promotes investment opportunities at ‘Davos in the Desert’

Minister of Investment and International Cooperation Sahar Nasr participated in Saudi Arabia’s “Davos in the Desert” conference on Wednesday, discussing…
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