Egypt commits to IMF to slow projects, increase fuel prices
Egypt committed to a flexible currency, a greater role for the private sector and a range of monetary and fiscal reforms when it agreed to a $3 billion financial support package ...
Egypt’s December inflation accelerates to annual 21.3 per cent
Egyptian annual urban consumer inflation in December rose to 21.3 per cent from 18.7 per cent in November, exceeding analyst expectations, data from the statistics agency CAPMAS showed on Tuesday.
The inflation ...
U.N. extends aid to Syria from Turkey, avoids Russia fight
The U.N. Security Council on Monday unanimously approved the delivery of humanitarian aid to some four million people in northwestern Syria for another six months, avoiding a traditional fight ...
Iran sentences three more protesters to death amid international criticism
Iran’s judiciary has sentenced three more anti-government protesters to death on charges of “waging war on God”, its Mizan news agency reported on Monday, defying growing international criticism over ...
Israel takes Palestinian minister’s VIP pass in world court flap
Israel suspended on Sunday a pass easing the Palestinian foreign minister’s travel in and around the occupied West Bank, among its responses to a Palestinian bid to involve the ...
Iran hangs two men accused of killing security official during protests
Iran hanged two men on Saturday for allegedly killing a security official during nationwide protests that followed the death of 22-year-old Kurdish Iranian woman Mahsa Amini on Sept. 16.
The two ...
Leaders of Turkey, Syria could meet for peace – Erdogan
Turkish President Tayyip Erdogan said on Thursday he may meet Syria’s Bashar al-Assad as part of a new peace process, after their defence ministers met last week for the ...
Egypt’s currency weakens to 26.49 to the dollar
The Egyptian pound weakened to 26.49 to the dollar on Wednesday, its biggest one-day move since the central bank allowed it to fall by 14.5 per cent on Oct. 27, according Refinitiv Data.
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Saudi non-oil private sector activity eases in December
Growth in Saudi Arabia’s non-oil business activity slowed to a three-month low in December, a survey showed on Tuesday, although higher sales and strong demand ensured firms remained confident ...
Israel’s Ben-Gvir visits Al Aqsa mosque compound, Palestinians incensed
Israel’s new far-right national security minister Itamar Ben-Gvir briefly visited Al-Aqsa mosque compound in Jerusalem on Tuesday, a site also revered by Jews, prompting fierce condemnation from the Palestinians ...
Bank of Israel raises key rate, seeks fiscal restraint from new govt
The Bank of Israel raised its benchmark interest rate (ILINR=ECI) by half a point on Monday, and will likely continue its increases a bit more in coming months, saying ...
Dubai scraps 30 per cent tax on alcohol sales amid economic rebound
Dubai has suspended a tax of 30 per cent on alcohol and dropped a licence fee previously needed to buy alcohol in the commercial and tourism hub, two major retailers said ...
Digital transformation takes centre stage in Turkey, Middle East and Africa
Spending on digital transformation projects is expected to more than double over the next four years in Turkey, the Middle East and Africa, according to a report released this week ...
Damascus airport out of service after Israeli strikes says Syria
The Syrian army said on Monday that Israel had carried out a missile strike on Damascus International Airport and put it out of service, the latest in a string of ...
Palestinians welcome UN vote on Israel’s occupation as ‘a victory’
By Ali Sawafta
The Palestinians on Saturday welcomed a vote by the United Nations General Assembly requesting that the International Court of Justice (ICJ) provide an opinion on the legal ...
Gunmen kill two Egyptian police east of Cairo
Two gunmen on motorbikes opened fire on an Egyptian security checkpoint on Friday, killing two policemen and a citizen in a city east of Cairo, according to sources from the ...
Egypt lifts import curbs, backs bigger private sector role to meet IMF demands
Egypt on Thursday lifted a key restriction on imports and approved a list of economic activities the government would leave to the private sector, in an effort to meet two ...
Israel’s Netanyahu returns with hard-right cabinet set to expand settlements
Benjamin Netanyahu sealed a comeback as Israeli prime minister on Thursday as his hard-right cabinet was being sworn in with promises to expand Jewish settlements in the occupied West Bank ...
Gold price soars in Egypt as local currency weakens
The price of gold in Egypt has risen to unprecedented highs as nervous savers seek refuge from a weakening currency and some companies export bullion to raise scarce dollars to ...
Britain urges Iran to stop ‘unfairly detaining’ dual nationals
Britain urged Iran on Wednesday to stop detaining dual nationals following the arrestof seven people with links to the United Kingdom, saying the practice should not be used to obtain “...
Israel regulator awards licence to investors to set up new digital bank
Israel’s banking regulator on Sunday approved a conditional licence and control permit to a group of entrepreneurs to establish a new online bank, the second addition to the highly ...
Iran reroutes plane carrying football star’s wife, blames UK over unrest
Iranian authorities rerouted a flight bound for Dubai on Monday and prevented the wife and daughter of former national soccer team captain Ali Daei, who has supported anti-government protests, from ...
Israeli businesses decry calls to revise anti-discrimination law
Calls by far-right members of Israel’s incoming government to revise anti-discrimination laws have triggered criticism from some of the country’s leading businesses and prompted them to announce new ...
EU tells Iran to halt repression, support for Russia
The EU foreign policy chief told Iran’s foreign minister that Tehran should immediately halt military support for Russia and internal repression in Iran, reflecting worsening ties as diplomacy to ...