Economy
Turkey’s Erdogan says plans 5% growth rate in 2020
September 5, 2019
Turkey’s Erdogan says plans 5% growth rate in 2020
ISTANBUL (Reuters) – President Tayyip Erdogan said Turkey would plan for economic growth of 5% in 2020 and expected interest…
Syrian pound falls to record low as economy hit by sanctions: dealers
September 5, 2019
Syrian pound falls to record low as economy hit by sanctions: dealers
BEIRUT (Reuters) – The Syrian pound fell to a record low on the black market, driven down by lack of…
Egypt’s foreign reserves increase to $44.969 bn: CBE
September 4, 2019
Egypt’s foreign reserves increase to $44.969 bn: CBE
Egypt’s foreign reserves have increased by US$53 million to $44.969 billion in August, compared to $44.916 billion in July, the…
Lebanon PM says accelerating reforms to rein in public debt: CNBC
September 4, 2019
Lebanon PM says accelerating reforms to rein in public debt: CNBC
BEIRUT (Reuters) – Lebanese Prime Minister Saad al-Hariri said his government would aim to cut the budget deficit to 7%…
Lebanese officials declare state of economic emergency
September 3, 2019
Lebanese officials declare state of economic emergency
BEIRUT (AP) — Lebanon’s political leaders declared what they called an economic state of emergency Monday following a meeting aimed…
Egypt’s Ministry of Finance frees customs dollar exchange rate
September 2, 2019
Egypt’s Ministry of Finance frees customs dollar exchange rate
Egypt’s Ministry of Finance has freed the customs exchange price of the dollar on all kinds of imports subject to…
Egypt’s deposit and lending interest rates declines by 1.5 percent: Report
September 1, 2019
Egypt’s deposit and lending interest rates declines by 1.5 percent: Report
The Cabinet’s Media Center highlighted an infographic report on Sunday showing that the Central Bank of Egypt (CBE) has reduced…
Algerian economy creaks at the seams after six months of turmoil
August 28, 2019
Algerian economy creaks at the seams after six months of turmoil
ALGIERS (Reuters) – On the face of it, Algeria’s state-dominated economy has weathered six months of turmoil well, with flightloads…
Egypt considers first electric car factory in partnership with China
August 26, 2019
Egypt considers first electric car factory in partnership with China
Egyptian Minister of the Public Business Sector Hisham Tawfik on Monday discussed with a Chinese delegation entrance into a partnership…
Turkish lira slides on trade war unease, hit by ‘flash crash’
August 26, 2019
Turkish lira slides on trade war unease, hit by ‘flash crash’
ISTANBUL/ANKARA (Reuters) – The Turkish lira weakened more than 1% against the dollar on Monday, after briefly tumbling to 6.47…