economy

Turkey building boom turning to bust as economy slows
Middle East

Turkey building boom turning to bust as economy slows

Deep in a provincial region of northwestern Turkey, it looks like a mirage — hundreds of luxury houses built in…
Turkey’s 12,000-year-old Hasankeyf about to be engulfed
Middle East

Turkey’s 12,000-year-old Hasankeyf about to be engulfed

From the ancient citadel overlooking the valley, Ridvan Ayhan looks at the Tigris with a furrowed brow. The river that…
CBE foreign reserves decline $2bn at end of December
Economy

CBE foreign reserves decline $2bn at end of December

The foreign reserves of the Central Bank of Egypt (CBE) lost about $2 billion at the end of December. Egypt’s…
Oil price plunge threatens Iraq recovery
Middle East

Oil price plunge threatens Iraq recovery

BAGHDAD (AP) — The latest plunge in oil prices has dealt a heavy blow to Iraq’s stagnating economy, threatening the…
Lebanese protest over economy and politics
Middle East

Lebanese protest over economy and politics

BEIRUT (Reuters) – Several hundred Lebanese people protested in Beirut on Sunday over the state of Lebanon’s economy and politics…
Builders bruised by Dubai real estate market woes
Middle East

Builders bruised by Dubai real estate market woes

DUBAI (Reuters) – Dubai’s real estate downturn is forcing construction and engineering firms to cut jobs and halt expansion plans,…
Egypt, World Bank sign $1 billion agreement to support private sector
Business

Egypt, World Bank sign $1 billion agreement to support private sector

  The Egyptian government and the World Bank signed a US $1 billion agreement to support the Egyptian private sector…
Saudi king extends allowances as living costs rise
Middle East

Saudi king extends allowances as living costs rise

  RIYADH, Saudi Arabia (AP) — Saudi Arabia’s King Salman has extended monthly allowances for government employees, military personnel, pensioners,…
World feels sting of US Federal Reserve
Economy

World feels sting of US Federal Reserve

JAKARTA/BUENOS AIRES/WASHINGTON (Reuters) – When the US Federal Reserve kept lifting interest rates this year, a world away in Jakarta…
In 2019, Mideast economic troubles loom as wars wind down
Economy

In 2019, Mideast economic troubles loom as wars wind down

  AMMAN, Jordan (AP) — As the Middle East ushers in 2019, the decade’s ruinous conflicts in Syria, Yemen, Libya…
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