Economy

Turkish currency hits record low amid Erdogan concerns

May 23, 2018

Turkey's currency, the lira, has fallen to a record low against the dollar amid concerns about an outflow of investor capital and the country's ability to manage the situation.

In Salah's Nile delta village, the Egyptian is a super hero

May 22, 2018

In Salah's village deep in Egypt's Nile Delta, the Liverpool winger is a superhero and a role model

Iran says EU political support not enough, urges investment

May 20, 2018

Iran's state TV is reporting that the country's foreign minister has urged the European Union to go beyond political support for its landmark nuclear deal and increase investment in Iran

Turkey slams US sentencing of Turkish banker on Iran scheme

May 17, 2018

Turkey's foreign ministry has slammed the sentencing of a Turkish banker in the United States over his role in helping Iran evade U.S. economic sanctions.

Egypt says unemployment falls to 10.6 percent

May 15, 2018

Egypt's statistics agency says unemployment has fallen in the first quarter of 2018 to 10.6 percent compared to 11.3 percent in the three months prior

Turkey's Erdogan in UK, praises country as 'real friend'

May 13, 2018

Turkish President Recep Tayyip Erdogan started a three-day visit to Britain by praising the country Sunday as "an ally and a strategic partner, but also a real friend."

Egypt officials: 21 arrested over protesting metro fare hike

May 12, 2018

Police arrest 21 in Egypt for protesting against the government's surprise move to hike fares on Cairo's subway

The Latest: White House says Iran destabilizing Mideast

May 12, 2018

The White House is accusing Iran of "exporting destabilizing influence throughout the Middle East" and is calling on nations to pressure that country to "change this dangerous behavior."

Al-Abadi defeated IS. Why won't he sweep Iraq's elections?

May 11, 2018

During 4 years in office Iraqi Prime Minister Haider al-Abadi prevailed over the Islamic State group that at its peak controlled a third of the country and steered Iraq's economy through collapse. But he's not expected to sweep national elections Saturday

Egypt raises metro fare as part of austerity measures

May 11, 2018

Egypt's transportation authorities have more than tripled the standard subway fare from 2 to up to 7 pounds (40 cents) as part of government austerity measures

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