Economy

Turkish voters go to polls in critical municipal elections

Mar 31, 2019

Turkish citizens have begun casting votes in municipal elections that are seen as a barometer of President Recep Tayyip Erdogan's popularity amid a sharp economic downturn.

Egypt's leader raises minimum wage by 67 percent

Mar 30, 2019

Egypt President Abdel Fattah el-Sissi says he has raised the minimum wage to 2,000 Egyptian pounds ($115.74) per month from 1,200 ($69.27), or 67 percent

Ahead of vote, Turkey's Erdogan says US attacking economy

Mar 28, 2019

Turkish President Recep Tayyip Erdogan is accusing the United States and other western nations of attacking Turkey's economy ahead of Sunday's local elections

China to give $989 million to build new highway in Sri Lanka

Mar 22, 2019

China has agreed to provide a loan of $989 million to Sri Lanka to build an expressway that will connect the island nation's tea-growing central region to a China-run seaport on the southern coast

Iran's woes briefly go up in smoke during fire festival

Mar 20, 2019

Iranians are celebrating the Festival of Fire, a nearly 4,000-year-old Persian tradition that this year offers a brief escape from the country's economic woes

Sri Lanka to get $3.9B oil refinery next to Chinese-run port

Mar 19, 2019

Officials in Sri Lanka say a Singapore-based company and the government of Oman have pledged to build a $3.9 billion oil refinery next to a Chinese-controlled port that will be the largest foreign investment ever for the Indian Ocean island nation

Iran's Rouhani urges Iranians to 'put all your curses' on US

Mar 18, 2019

Iran's president urges Iranians to 'put all your curses' on enemies, including US, Israel and Saudi Arabia

Fresh rallies against al-Bashir as Sudan secures $300M loans

Mar 17, 2019

Fresh protests in Sudan as government secures $300M in loans from regional fund

Pakistan standoff helps India's Modi shift focus from jobs

Mar 15, 2019

Indian Prime Minister Modi seeks re-election with boost from Pakistan standoff

Dubai-based port firm DP World reports $1.29B profit in 2018

Mar 14, 2019

Global port operator DP World says its profit rose 10 percent in 2018 despite worldwide tensions over trade, Brexit fears

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