Business

Iraq’s Central Bank prohibits eight local banks from engaging in US dollar transactions

Iraq’s Central Bank prohibits eight local banks from engaging in US dollar transactions

In a recent development reported by The New Arab, Iraq’s Central Bank (CBI) has ...

Understanding Egypt’s Economic Woes: An In-Depth Look at Ras al-Hekma and Cairo’s Decision to ‘Sell’ it to the UAE

Understanding Egypt’s Economic Woes: An In-Depth Look at Ras al-Hekma and Cairo’s Decision to ‘Sell’...

Exciting news from February 23 as Egypt and the UAE have officially sealed a hef...

Itochu of Japan to terminate partnership with Israel’s Elbit following ICJ ruling on Gaza

Itochu of Japan to terminate partnership with Israel’s Elbit following ICJ ruling on Gaza

Itochu Corp’s aviation unit has announced that it will be terminating its strate...

Inflation in Turkey Surges After Wage Hike, Puts Central Bank Under Pressure

Inflation in Turkey Surges After Wage Hike, Puts Central Bank Under Pressure

Official data released on Monday revealed that Turkey’s annual inflation rate he...

Accusations surface linking UK banks to financing conflict in Gaza

Accusations surface linking UK banks to financing conflict in Gaza

Pro-Palestine advocates are shining a spotlight on the suspected involvement of ...

Iraq’s Baghdad metro project overshadowed by corruption concerns

Iraq’s Baghdad metro project overshadowed by corruption concerns

Exciting developments lie ahead for Iraq’s transportation sector as two major pr...

Iran loses billions during 17-month internet shutdown, sparks capital flight

Iran loses billions during 17-month internet shutdown, sparks capital flight

According to a recent report by BBC Persian, the 17-month-long social media ban ...

Egypt strikes $35 billion deal with UAE to alleviate currency crisis

Egypt strikes $35 billion deal with UAE to alleviate currency crisis

In an exciting development, Egypt and the United Arab Emirates have joined force...

Turkish Inflation Falls Below 40% for the First Time in 16 Months

Turkish Inflation Falls Below 40% for the First Time in 16 Months

In May, Turkey saw its annual inflation rate dip below 40 percent for the first ...

Turkish lira reaches record low against US dollar following Erdogan’s election victory

Turkish lira reaches record low against US dollar following Erdogan’s election victory

The Turkish lira experienced a significant drop against the dollar on Wednesday,...

NEOM, Saudi Arabia’s Mega-City Project, Secures $5.6 Billion for Workforce Accommodation

NEOM, Saudi Arabia’s Mega-City Project, Secures $5.6 Billion for Workforce Accommodation

In an announcement on Tuesday, Saudi Arabia’s much-discussed mega-city NEOM reve...

Egypt’s Central Bank Receives $1.7 Billion in Deposits from Libya and Qatar

Egypt’s Central Bank Receives $1.7 Billion in Deposits from Libya and Qatar

In a move to help ease Cairo’s foreign currency shortage, Egypt’s Central Bank a...

$10 Billion in Agreements Signed on First Day of Arab-China Conference in Saudi Arabia

$10 Billion in Agreements Signed on First Day of Arab-China Conference in Saudi Arabia

Sources report that the Arab-China Business Conference in Saudi Arabia kicked of...

Pakistan reveals $51 billion budget, with half earmarked for debt repayment

Pakistan reveals $51 billion budget, with half earmarked for debt repayment

Pakistan’s government, facing financial challenges, revealed a 14.5 trillion rup...

Revival of Tourism in Tunisia Shines as a Rarity Amid Crisis-Hit Economy

Revival of Tourism in Tunisia Shines as a Rarity Amid Crisis-Hit Economy

According to a government official who spoke to Reuters, Tunisia is on track for...

Iraqi Parliament Passes Historic $153 Billion Budget After Lengthy Debate

Iraqi Parliament Passes Historic $153 Billion Budget After Lengthy Debate

In the midst of disorder and heated debates, Iraq’s parliament managed to pass a...

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