Egypt targets budget deficit of 9.8 pct for 2016-2017

  CAIRO: The Egyptian government is argeting a budget deficit of 9.8 perce...

Iraq gets initial accord for $3 billion Islamic Development Bank loans

  The Islamic Development Bank has given its initial agreement to provide $...


Big Guards-owned company may lose out as Iran economy, politics shift

Labourers work at the construction site of a building in Tehran, Iran January 20, 2016. RE...

Israel resumes cement shipments for Gaza reconstruction after 45-day break

By Nidal al-Mughrabi GAZA: Israel resumed cement shipments to the Gaza Stri...

IMF: Iran at 'pivotal moment' to rejoin global economy

David Lipton, first deputy managing director of the International Monetary Fund (IMF), spea...

Lebanon central bank says must comply with US Hezbollah law

BEIRUT, May 17 (Reuters) - Lebanon's central bank governor said on Tuesd...

Iran says European banks still wary of US sanctions threat

  Tehran: Big European banks remain reluctant to work in Iran four mon...

Trade resumes at main Tunisia-Libya crossing: officials

Tunisian guard at the Ras Jdir border crossing between Tunisia and Libya on November 26, 20...

U.S.’s Kerry seeks to reassure European banks on Iran trade

U.S. Secretary of State John Kerry (L) is met by Britain's Foreign Office min...

Abraaj to spend $500 mln growing African hospital business

KIGALI: Dubai-based emerging market investment fund Abraaj will spend up to $500 ...

New players needed in Turkish Islamic banking to reach 15% share target: regulator

ISTANBUL: New players must enter the Islamic banking market in Turkey for the ...

Syria leans on exchange bureaus to save plummeting pound

  Damascus: Syria's central bank on Tuesday ordered exchange bureaus...

Syrian pound hits lowest value in war

  Damascus: Syria's currency hit its lowest value since the start of...

Stalling of Turkish reforms would have negative impact on growth: Simsek

Deputy Prime Minister of Turkey Mehmet Simsek (R) shakes hands with the Minister of Economy...

Saudi oil minister visits Sudan to cement improving ties

Saudi Oil Minister Ali al-Naimi (L) speaks during a press conference following a meeti...

Growth of Saudi non-oil private sector stalls in April

  Riyadh: Growth of Saudi Arabia’s non-oil private sector stalled in ...

Bad loans and bankruptcies sound the alarm for Turkey's economy

  By Asli Kandemir ISTANBUL: After years of growth fuelled by credit and...

Saudi labour minister: Binladin crisis to be resolved

RIYADH: The crisis surrounding major Saudi Arabian construction company Saudi Bin...

Iran and South Korea set to triple trade to $18 bn

A handout picture provided by the official website of The Center for Preserving and Publish...

Saudi Arabia’s SAGO buys 620,000 tonnes hard wheat

ABU DHABI: Saudi Arabia’s state grain buyer bought 620,000 tonnes of hard w...

Oman’s Sohar Power says capacity cut by technical problem

  DUBAI: Sohar Power Co, which operates the largest electricity generation ...