Economy

Indian business ties underpin muted Arab response to Kashmir

Aug 15, 2019

Amid Kashmir crisis, Gulf Arab states balance relations with Muslim-majority Pakistan, trade partner India

Second Turkish ship begins gas drilling off Cyprus

Aug 7, 2019

Turkey's state-run news agency says a second Turkish drillship has started drilling for gas off ethnically divided Cyprus, in an area where the Cypriot government says it has exclusive economic rights

Turkish central bank cuts key rate deeply under new governor

Jul 25, 2019

Turkey's central bank has cut the key interest by 425 base points in a first monetary policy meeting under its new governor

Bitcoin craze hits Iran as US sanctions squeeze weak economy

Jul 18, 2019

Iranians feeling the squeeze from US sanctions increasingly turning to digital currencies like Bitcoin to make money

The Latest: Greek Cypriots reject joint gas drilling panel

Jul 16, 2019

Greek Cypriot leaders on ethnically split Cyprus have turned down a renewed proposal by breakaway Turkish Cypriots to form a joint committee on managing natural gas discovered offshore the east Mediterranean island nation

Turkey: EU sanctions over gas drilling 'worthless'

Jul 16, 2019

Turkey says the European Union's approval of an initial set of sanctions against Ankara won't deter it from pressing ahead with efforts to drill for hydrocarbons off the island of Cyprus

Egypt hikes fuel prices by up to 22 %

Jul 5, 2019

Egypt has hiked up fuel and cooking gas prices again as part of austerity measures designed to overhaul the country's ailing economy

India's economy likely to grow at healthy 7%, gov't says

Jul 4, 2019

India's government says the economy is expected to grow at 7% in 2019-20, up from a five-year low of 6.8% in the past year

US says video shows Iran removing mine from stricken tanker

Jun 14, 2019

US military releases video it says shows Iran removing unexploded mine from targeted tanker; Iran denies involvement

Yemeni rebels hit Saudi airport as Japanese PM heads to Iran

Jun 12, 2019

Ahead of Japan prime minister's historic visit to Iran, Yemen's Iran-aligned rebels target Saudi airport

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