Economy

Turkey’s Erdogan says plans 5% growth rate in 2020

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

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

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

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

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

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

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

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

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’

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…
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