economy

Lebanese central bank seeks to strengthen currency after slump
Middle East

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

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

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

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

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

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

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

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

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

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.…
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