Economy

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

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

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

Iran's parliament to question president over economic woes

Aug 1, 2018

Iran's parliament is planning a special session to question President Hassan Rouhani about the country's plummeting currency and struggling economy

In Iran, economic worries grow as new US sanctions loom

Jul 30, 2018

Fears mount in Iran as currency plunges to record low a week before the restoration of US sanctions

Egypt president defends painful austerity measures

Jul 29, 2018

Egypt's president has zealously defended his economic policies, saying he was left with no choice but to embrace painful austerity measures to revive an economy mauled by years of political turmoil and violence

Turkey against severing ties with Iran despite US sanctions

Jul 25, 2018

Turkey's president has argued against severing economic ties with Iran as the United States readies for sanctions.

Turkish central bank move raises questions over independence

Jul 24, 2018

Turkey's currency plunges amid growing questions over the central bank's ability to set policy without interference from the increasingly powerful office of President Recep Tayyip Erdogan.

Egypt hikes natural gas prices by up to 75 percent

Jul 24, 2018

Egypt has raised natural gas prices for households and businesses by between 33.3 and 75 percent

India cuts oil imports from Iran by a quarter in past year

Jul 23, 2018

Facing the threat of U.S. oil sanctions on Iran, India continued to rely on Iraq as its top oil supplier in the April-June quarter, followed by Iran and Saudi Arabia

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