economy
US economy grew at 33 percent rate in Q3 but recovery is incomplete
World
October 29, 2020
US economy grew at 33 percent rate in Q3 but recovery is incomplete
WASHINGTON (AP) — The US economy grew at a sizzling 33.1 percent annual rate in the July-September quarter — by…
Gold prices decline in Egyptian market, 21-karat at LE 830
Business
October 26, 2020
Gold prices decline in Egyptian market, 21-karat at LE 830
Gold prices declined in Egypt on Monday, as the price of 21-karat gold (the market’s highest selling gold) fell by…
Chevron bets on Middle East gas riches and reconciliation
Middle East
October 26, 2020
Chevron bets on Middle East gas riches and reconciliation
HOUSTON/LONDON (Reuters) – After years of focusing on US shale, Chevron Corp CVX.N is staking its natural gas future on the Middle…
Kuwait retail co-ops remove French products over Prophet cartoon
Middle East
October 26, 2020
Kuwait retail co-ops remove French products over Prophet cartoon
KUWAIT/PARIS (Reuters) – Kuwait’s retail co-ops have pulled French products in boycott over the use of cartoons of the Prophet…
Bloated public salaries at heart of Iraq’s economic woes
Middle East
October 23, 2020
Bloated public salaries at heart of Iraq’s economic woes
BAGHDAD (AP) — Long-time Iraqi civil servant Qusay Abdul-Amma panicked when his monthly salary was delayed. Days of waiting turned…
Photographer helps laid-off expats bid goodbye to Dubai
Middle East
October 22, 2020
Photographer helps laid-off expats bid goodbye to Dubai
DUBAI, United Arab Emirates (AP) — When the coronavirus pummeled Dubai this spring, the maternity and wedding shoots and all…
GERD construction may stall because of financial problems: former minister
Egypt
October 20, 2020
GERD construction may stall because of financial problems: former minister
The construction of the Grand Ethiopian Renaissance Dam (GERD) may stall, as the Italian companies that are set to build…
Qatar Airways expects to keep A380s parked for years
Middle East
October 19, 2020
Qatar Airways expects to keep A380s parked for years
DUBAI (Reuters) – Qatar Airways does not expect to use its Airbus A380s for at least the next two years, its…
IMF: Nearly all Mideast economies hit by pandemic recession
Middle East
October 19, 2020
IMF: Nearly all Mideast economies hit by pandemic recession
DUBAI, United Arab Emirates (AP) — The coronavirus pandemic has pushed nearly all Mideast nations into the throes of an…
China’s economy accelerates as virus recovery gains strength
World
October 19, 2020
China’s economy accelerates as virus recovery gains strength
BEIJING (AP) — China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls…