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Economy

Turkish lira hits low with 7.5020 against dollar amid Moody’s B2 downgrade rating

Wednesday, 16 September 2020

The Turkish lira hit new low beyond 7.5020 against the dollar on Wednesday, as unease about the ......

Turkish companies seek fresh debt restructuring as coronavirus hits: Sources

Tuesday, 15 September 2020

Debt-laden Turkish companies are seeking more time to repay bank loans after the coronavirus ......

Coronavirus: France delays launch of $118 bln COVID-19 recovery plan

Saturday, 22 August 2020

The French government said Saturday that it will unveil a week later than originally planned a ......

Fitch cuts Oman credit rating for second time this year, keeps outlook negative

Monday, 17 August 2020

Fitch Ratings has downgraded Oman’s credit rating for the second time this year, bringing it down a ......

Bahrain’s government revenue down 29 percent in first half of 2020

Monday, 10 August 2020

Bahrain’s government revenue fell 29 percent in the first half of 2020 on the back of low oil prices ......

For hard-hit Lebanese, Eid al-Adha traditions are now just too costly

Friday, 31 July 2020

On the streets of Tripoli, Lebanon’s second biggest city and one of its poorest, there are no signs ......

Battle heats up between French insurers, coronavirus-hit businesses

Sunday, 19 July 2020

A French insurance company said Sunday it would challenge a court ruling ordering it to pay nearly ......

Algeria says public companies lost over $1 bln due to coronavirus

Sunday, 19 July 2020

Algeria said Saturday that the coronavirus crisis on top of falling oil prices have caused ......

Coronavirus: Crisis-hit Moroccans join ‘informal economy’ as job market shrinks

Tuesday, 14 July 2020

The coronavirus crisis is expected to expand Morocco’s informal economy of people who work for cash, ......

Tunisia seeking to delay loan repayments: Minister

Monday, 13 July 2020

Tunisia is negotiating with Saudi Arabia, Qatar, France and Italy to delay loan payments expected ......

Sudan hands out cash to ease economic crunch aggravated by coronavirus

Monday, 13 July 2020

Sudan has begun distributing cash handouts under an internationally backed plan to help millions ......

Sudan eases coronavirus lockdown measures as economic crisis escalates

Wednesday, 08 July 2020

Sudan began loosening lockdown measures Wednesday in and around the capital after three months of ......

Lebanon’s Maronite Patriarch slams politicians as hunger, hardship bite

Sunday, 05 July 2020

Lebanon’s Christian authorities slammed politicians on Sunday for failing to remedy an economic ......

Coronavirus: President Trump signs extension of COVID-relief fund for businesses

Saturday, 04 July 2020

US President Donald Trump on Saturday signed into law a temporary extension of a subsidy program for ......

Saudi economy able to provide for citizens despite coronavirus impact: Experts

Wednesday, 01 July 2020

Since the outbreak of the coronavirus pandemic, Saudi Arabia was one of the few countries in the ......

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