economy

Egypt’s macroeconomic indicators have improved as the North African country recorded a primary budget surplus of 1.2 percent of the gross domestic product during the first 11 months of the current fiscal which ends on June 31. During a…

Russian firms are keen to develop further ties with the UAE, the country’s deputy prime minister has insisted in a speech lauding economic links between the two nations. Speaking at the St. Petersburg International Economic Forum, Denis…

Rashad Al-Alimi, chairman of Yemen’s Presidential Leadership Council, called on Wednesday for joint international efforts, primarily from the US, to pressure the Iran-backed Houthis to stop attacking oil facilities, which has cost the…

Despite anticipating a deceleration in economic growth, Moody’s Investor Service has maintained a stable outlook for the UAE’s banking sector. In its most recent projection, the bond credit rating subsidiary of Moody’s Corp. predicted a…

Yemen’s central bank has sufficient foreign reserves outside the country to fulfill its needs for hard currency and payments for imports, the Aden-based lender said. The bank rejected media reports that its reserves had fallen below $200…

Advancing economic integration in Africa is key to achieving peace and security on the continent, Egyptian President Abdel Fattah El-Sisi has said. His comments on Thursday came at the 22nd Summit of the Common Market for Eastern and…

Turkish President Recep Tayyip Erdogan has a mandate to rule until 2028, securing five more years as leader of a country at the crossroads of Europe and Asia that plays a key role in NATO. He must now confront skyrocketing inflation that…

Qatar, along with other Gulf countries, is seeing significant growth in non-oil activities as the region diversifies and seeks independence from oil, as shown by figures highlighted by the country’s prime minister. Prime Minister Sheikh…

The British economy will avoid falling into recession this year, according to upgraded growth forecasts Tuesday from the International Monetary Fund. In its latest assessment of the UK economy, the Washington-based fund said domestic…

China's financial institutions are currently under investigation as part of an anti-corruption campaign, according to the country's Central Commission for Discipline Inspection. The CCDI has investigated over a dozen senior executives this…