economy
Lebanese central bank seeks to strengthen currency after slump
Middle East
January 15, 2022
Lebanese central bank seeks to strengthen currency after slump
BEIRUT, Jan 14 (Reuters) – Lebanon’s central bank said on Friday it aimed to boost the Lebanese pound’s valueby easing…
US consumer prices soared 7% in past year, most since 1982
World
January 12, 2022
US consumer prices soared 7% in past year, most since 1982
WASHINGTON (AP) — Prices paid by US consumers jumped seven percent in December from a year earlier, the highest inflation…
UAE c.bank expects economy to grow 4.2% in 2022
Middle East
January 9, 2022
UAE c.bank expects economy to grow 4.2% in 2022
DUBAI, Jan 9 (Reuters) – The Central Bank of the United Arab Emirates said it expects the UAE economy to…
Turkey jacks up electricity, gas prices for New Year
Middle East
January 2, 2022
Turkey jacks up electricity, gas prices for New Year
ISTANBUL, Jan 1 (Reuters) – Turkey sharply raised electricity prices by 50-100 percent for households and companies on Saturday, and…
Abu Dhabi outshines Middle East markets in 2021
Middle East
January 1, 2022
Abu Dhabi outshines Middle East markets in 2021
Dec 30 (Reuters) – Stock markets in the Gulf ended 2021 higher, with the Abu Dhabi index exiting the year…
Turkey’s lira logs worst year in two decades under Erdogan
Middle East
January 1, 2022
Turkey’s lira logs worst year in two decades under Erdogan
ANKARA, Dec 31 (Reuters) – Turkey’s lira has logged its worst year since President Tayyip Erdogan came to power nearly…
Foreign direct investment in Egypt records $23.5 bln, compared to $18 bln in 2016: economist
Business
December 27, 2021
Foreign direct investment in Egypt records $23.5 bln, compared to $18 bln in 2016: economist
The flow of foreign direct investment to Egypt represented $23.5 billion in 2021, a 9.3 percent increase from 2016 when…
Egypt to apply $152.4 minimum wage rate for 20 million workers in private sector starting 2022
Egypt
December 23, 2021
Egypt to apply $152.4 minimum wage rate for 20 million workers in private sector starting 2022
Egypt will apply the minimum wage for workers in private sector companies starting 2022, at a value of LE2,400 (US$152.4)…
Central Bank of Egypt issues treasury bonds worth LE 14.5 billion on Monday
Business
December 21, 2021
Central Bank of Egypt issues treasury bonds worth LE 14.5 billion on Monday
The Central Bank of Egypt on Monday issued treasury bonds worth LE14.5 billion, in coordination with Finance Ministry, to finance…
Investors flee U.S. corporate junk debt on inflation, Omicron concerns
World
December 4, 2021
Investors flee U.S. corporate junk debt on inflation, Omicron concerns
CHICAGO, Dec 2 (Reuters) – Worries over surging inflation and a new variant of the coronavirus are roiling the U.S.…