Business

Business


Turkey pays hefty price for interest rate obsession

Under government pressure to keep interest rates low, Turkey’s Central Bank has failed to act against the free fall of the Turkish lira, leading to a massive burden on the foreign debt stock.
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 Mehmet Cetingulec for Al-Monitor Turkey Pulse on September 3

Shopping in Gaza's flea market

Gaza’s markets offering secondhand goods are frequented by the poor and rich who are searching for high-quality goods at reduced prices.
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 Moath al-Amoudi for Al-Monitor Palestine Pulse on September 3

Cairo tuk-tuk ban could leave commuters stuck-stuck

Though millions of Egyptians rely on cheap and versatile auto rickshaws to get around, the government has banned the mini taxis in several Cairo neighborhoods after efforts to regulate them failed.
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 Rami Galal for Al-Monitor Egypt Pulse on September 3

Egypt earmarks $68 million to promote tourism

Egypt has awarded a major advertising agency a multimillion-dollar project to promote Egypt abroad in the hopes of boosting tourism following the security crises that have hurt the industry over the past few years.
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 Safiaa Mounir for Al-Monitor Egypt Pulse on September 2

Could US state sanctions on Iran unravel nuke deal?

Critics of the nuclear agreement say states have it in their power to kill it, but do they really?
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 Julian Pecquet for Al-Monitor on September 2

The king finally comes to town

King Salman of Saudi Arabia won't find solutions to his country's deepest problems during his visit to Washington.
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 Bruce Riedel for Al-Monitor on September 1

Turkish daily exposes transfer of weapons to IS

The feud between President Recep Tayyip Erdogan and his rivals in the Gulen movement is turning up news: Is there a link between exposure and the police raid of newspaper offices?
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 Kadri Gursel for Al-Monitor on September 1

Is it time to bring your bong to Baalbek?

While in the past the Lebanese government has made efforts to destroy some of the country’s illegal cannabis fields, this has yet to happen this year as the security services as preoccupied with more pressing threats.
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Translated from Al-Nahar (Lebanon) on September 1

As Turkey's consumer confidence plummets, what does that mean for the AKP?

Turkey’s consumer confidence index — a key indicator that is closely correlated with the AKP’s electoral showings — is on the decline, signaling further losses for the party in the Nov. 1 early elections.
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 Kadri Gursel for Al-Monitor on August 31

Looking to invest in Sinai?

The Egyptian government has amended its law on development in the Sinai Peninsula to permit Egyptian investors to own the properties where their projects are carried out.
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 Safiaa Mounir for Al-Monitor Egypt Pulse on August 31

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