Under its Vision 2030, Saudi Arabia is determined to boost economic partnership with Morocco, particularly by increasing the volume of Direct Foreign investment, said Mohamed Fahd Al Ahmadim Head of Moroccan-Saudi Council of Business. The [ More … ]
BY: İbrahim Karagül* President Recep Tayyip Erdoğan’s warning of “Persian nationalism” apparently disturbed the Tehran administration. Erdoğan’s visits and joint defense agreements with Saudi Arabia and the Gulf countries also quite likely quite Tehran. But why? [ More … ]
Revenues in January rise 25.8 pct year-on-year to $15.8B, near $5B budget surplus excluding interest payments The Turkish government ran a budget surplus of 11.4 billion Turkish liras (approximately $3.06 billion) in January, the country’s [ More … ]
Turkish Finance Minister Naci Agbal says incentives, reforms, consumer spending, political stability will all boost economy After last year’s slow economic expansion the Turkish economy is set to continue recovering in 2017, the country’s finance [ More … ]
By: Erdal Tanas Karagöl* Turkey has desired to implement changes in its economic system, its usual structure and, most importantly, its production base. It is exerting strong willpower and determination to ensure this change takes place. [ More … ]
BY: Abdel-Hafez Al-Sawi* The Middle East has been “devoured” at the political level over the past few decades, which accordingly had its economic repercussions on the region. And after foiling the Arab Spring revolutions, the [ More … ]
Bridges, highways, mountain tunnels and even space satellites mark a huge year for Turkish projects With the completion of Istanbul’s third transcontinental bridge, the Istanbul-İzmir Highway Project, the world’s fourth longest suspension bridge, plus the [ More … ]
US President-elect Donald Trump’s future policy will deliver a boost to the world’s largest economy, but his promises over trade barriers could be the largest risk to global trade in 2017. According to a [ More … ]
Egypt has finally secured the $12 billion loan from the International Monetary Fund This week, the IMF approved a three-year $12 billion (11.16 billion euros) bailout program aimed at reviving Egypt’s struggling economy. The Egyptian [ More … ]
The International Monetary Fund’s executive board has approved Egypt’s request to secure $12 billion loan facility after Egypt met its requirements to implement tough measures to revive its floundering economy, reported the Wall Street Journal. [ More … ]
Seeking to meet the International Monetary Fund demands, Egypt took unprecedented step of floating of its currency to trade freely as it announced a series of sweeping measures to stabilize an economy badly affected by a [ More … ]
BY: Abdel-Hafez Al-Sawi* The Foreign exchange reserve in any country has a specific function, namely, to face the fluctuations in the state’s trading with world countries, and to secure its needs so that its economic [ More … ]
Egypt’s currency crisis is escalating as its national currency continues to decline against the dollar in the parallel market, amid growing signs of a currency devaluation, with the government talking about painful necessary economic reforms, [ More … ]
Al-Sisi continues to send the Egyptians messages of austerity and hard times. In a televised speech during his youth conference in Sharm al-Sheikh, al-Sisi recalled one of his bedtime stories, saying that he has spent [ More … ]
Abdel Fattah Al-Sisi claimed in a televised speech that Egyptian military’s economic activities are equivalent to just 1 to 1.5 % of Egypt’s GDP and not more than 20 % as some have claimed, as [ More … ]
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