Other Gulf markets also took a dive, reflecting global trends as countries around the world grapple with Trump's shock tariffs...
After Trump on Wednesday unveiled a blitz of harsher-than-expected levies aimed at countries around the globe, Ngozi Okonjo-Iweala warned the measures...
Beirut, Lebanon - Lebanon's commercial banks do not have enough liquidity to pay back depositors, the secretary general of the...Since 2019, Lebanon has suffered an unprecedented economic decline caused by decades of mismanagement and corruption
The World Bank last year said Lebanon was likely to rank among the world's worst financial crises since the mid-19th century
According to state newspaper Al-Ahram, a decision by Prime Minister Mostafa Madbouli published in the official gazette, says the premier...It is the latest in a series of measures by the government to woo foreign investment into Egypt, which is sapped dry of dollars
In 2018, parliament had passed a law allowing foreigners to apply for the Egyptian nationality with a bank deposit of around $400,000
Last week, Lagarde said that more interest rate hikes might be needed in the eurozone after the half percentage point...The ECB has raised interest rates at an unprecedented pace since last July to bring inflation back down to its two-percent target.
And last week, Lagarde said that more interest rate hikes might be needed in the eurozone after the half percentage point hike it has already signaled will come later this month.
"We're seeing robust hiring, which is good for the economy and workers, but pay growth is still quite elevated," said Nela...The employment in private sector increased by 242,000 jobs in February, almost twice the 119,000 figure in January.
This follows a series of recent indicators showing that hiring remained strong, consumer spending resilient.
- A broad restructuring document announced by China's cabinet on Tuesday intends to focus the Ministry of Science and Technology's resources...
Beijing will also set up a national data administration to oversee the digital economy, as well as slash staffing at the country's central state institutions
The restructuring comes as China pours resources into its research capabilities in the face of tightened restrictions on homegrown tech companies by the US
Doha, Qatar-- In order to ensure education for children in the least developed countries of Asia and Africa, Qatar Fund...The agreements will ensure quality education for more than 709,060 out-of-school primary children between now and March 2027 through EAA's "Educate A Child" program
The funding will enable access, enrollment, and learning skills, including teacher training, capacity buildings, refining educational techniques and methods
- Abu Dhabi, UAE-- The UAE and Jordan have resolved to draw on each other's experiences in order to combat corruption,...
The visiting delegation called on the officials at the Audit Bureau of Jordan and the Integrity and Anti-Corruption Commission to share experiences and exchange knowledge
Jordanian delegates were apprised of various initiatives taken by the UAE for reporting financial and administrative violations and the financial disclosure platform
- In the latest rail tragedy to hit Egypt, two people were killed and many more injured at Qalyub north of...
The accident, according to the country's rail authority, happened when a passenger train entering Qalyub station went through a stop signal
In recent years, rail accidents in Egypt have mostly been blamed on poor infrastructure and maintenance
The World Bank estimated last week that the devastating quake, which flattened entire cities, had caused damage worth more than...The 7.8-magnitude quake that struck on February 6 and its aftershocks have claimed more than 45,000 lives in Turkey.
The UNDP has been "very disappointed and saddened" by the low level of response to funding appeals to date.
US interest rates will likely peak at a higher level than previously anticipated due to economic data that came in...The US central bank has raised its benchmark lending rate eight times since early last year.
US job gains had surged unexpectedly in January while unemployment slipped to its lowest rate in more than five decades.
