economy

Egypt’s headline inflation quickens to 4.5% in October
Business

Egypt’s headline inflation quickens to 4.5% in October

Egypt’s annual urban consumer price inflation rose to 4.5 percent in October from 3.7 percent in September, official statistics agency…
Gold prices rise again after Monday’s unprecedented decline
Economy

Gold prices rise again after Monday’s unprecedented decline

After a historic drop of LE38 on Monday, the price of gold rose again Tuesday morning, recording an increase of…
Energy leaders leave door open to more cuts as virus spikes
Middle East

Energy leaders leave door open to more cuts as virus spikes

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s energy minister said Monday that global energy producers have the ability to…
US plans sanctions on Iranians for violence against protesters, sources say
Middle East

US plans sanctions on Iranians for violence against protesters, sources say

WASHINGTON (Reuters) – The United States is expected to impose sanctions as early as next week on Iranians involved in…
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…
Dollar hits ten-week low following US presidential election
Business

Dollar hits ten-week low following US presidential election

The US dollar fell to its lowest level in ten weeks on Monday, with investors buying trade-exposed currencies in anticipation…
Analysis: Shock Turkey leadership overhaul could mark pivot on economy
Middle East

Analysis: Shock Turkey leadership overhaul could mark pivot on economy

ISTANBUL (Reuters) – The shock departure of Turkey’s top two economic policymakers at the weekend sets the stage for an…
Two Lebanese youth offer migrant workers a way back home
Middle East

Two Lebanese youth offer migrant workers a way back home

BEIRUT (AP) — In a damp room with a few rotting pieces of furniture and old mattresses on the floor,…
Assad blames Syria’s current economic woes on Lebanese banks
Middle East

Assad blames Syria’s current economic woes on Lebanese banks

DAMASCUS, Syria (AP) — Syrian President Bashar Assad said much of his country’s current economic distress is a direct result…
Egypt’s Chamber of Tourism Establishments demands tourist restaurants be exempt from new business curfew
Egypt

Egypt’s Chamber of Tourism Establishments demands tourist restaurants be exempt from new business curfew

Head of the Egyptian Chamber of Tourism Establishments, Adel al-Masry, has called for tourist restaurants to be excluded from the…
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