Business

Egypt's foreign debt up more than 10 percent from last year

Aug 6, 2018

Egypt's central bank says its foreign debt climbed more than 10 percent in less than a year, reaching $88.2 billion in March

Iran detains Central Bank deputy chief in fraud crackdown

Aug 5, 2018

Iran's state-run IRNA news agency reports authorities have detained the Central Bank of Iran's deputy chief as part of a crackdown on financial fraud

Iran receives more airplanes ahead of renewed US sanctions

Aug 5, 2018

Iran has acquired five new airplanes a day before the U.S. begins restoring sanctions suspended under the 2015 nuclear deal

Saudi Arabia resumes oil shipments through Red Sea strait

Aug 4, 2018

Saudi Arabia says it will resume oil shipments through the Bab al-Mandeb strait after they were temporarily halted following attacks by Yemen's Shiite rebels

Mass protests over traffic deaths paralyze Dhaka for 5 days

Aug 4, 2018

Five days of protests by tens of thousands of students angry over the traffic deaths of two of their colleagues have largely cut off the capital Dhaka from the rest of Bangladesh, as the demonstrators pressed their demand for safer roads

Multiple protests in Iran over currency drop, economic woes

Aug 2, 2018

Protests in several Iranian cities over dramatic drop of country's currency ahead of imposition of renewed US sanctions

UN agency warns of another possible Yemen cholera outbreak

Aug 1, 2018

U.N. children's agency warns of a possible second cholera outbreak in war-torn Yemen after airstrikes hit water facilities and other civilian infrastructure in the port city of Hodeida

Libya says it intercepts more than 570 Europe-bound migrants

Aug 1, 2018

Libya's coast guard says it has intercepted more than 570 Europe-bound migrants, including dozens of women and children, off the Mediterranean coast

UAE offers amnesty for foreign workers stuck in Catch-22

Aug 1, 2018

The United Arab Emirates has begun a three-month visa amnesty program, hoping to resolve a Catch-22 for foreign workers who are fined daily for overstaying their permits but prevented from leaving until they pay the penalties

India's central bank raises key lending rate to 6.5 percent

Aug 1, 2018

India's central bank has raised its key interest rate by a quarter of a percentage point to 6.5 percent, saying that global growth has become uneven and risks to the outlook have increased with rising trade tensions

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