Saudi Arabia sends $50 million to Jordan for budget as economy falters

The Jordanian government is working to close tax loopholes and increase its revenue collection amid its economic struggle.

Jordan

UAE-India economic agreement to lower tariffs, duties in bid to boost trade

India is one of the UAE’s largest trading partners, with oil, jewelry and textiles forming a bulk of the trade.

United Arab Emirates

Tel Aviv Stock Exchange continues to reach historic highs

The TA 125 index’s growth is being led by banks and not Israel’s large tech sector.

Israel

Egypt welcomes return of Qatari investments

As Qatari money flows back into Egypt, the question now is how these potentially game-changing foreign investments will be directed.

Egypt

Inflation storm worsens Turkey’s income distribution gap

Banks and big companies have benefited from Ankara’s controversial policy to keep interest rates low, while soaring inflation eats into the real income of the wage-earning masses.

Turkey

UAE reports slight growth of non-oil GDP

The United Arab Emirates is undergoing economic changes as it aims to reduce its dependency on oil.

United Arab Emirates

Turkish stock market hits record high

Turkey is experiencing major economic problems, but the Istanbul stock exchange continues to rise.

Turkey

Tunisian grocers offer chance to mitigate economic crisis

Small grocery shops are a lifeline for Tunisian communities and families and one entrepreneur sees them as agents of change to a cash-free economy.

North Africa

UAE tax authority announces whistleblower program

A major financial center in Dubai also recently launched a whistleblower mechanism as the Emirates seeks to improve financial transparency.

United Arab Emirates

Abu Dhabi bank withdraws offer to buy Egypt's EFG Hermes

The Russian invastion of Ukraine has promted a shift away from emerging markets worldwide.

Egypt

Egypt bans export of key staples to cushion blow of Ukraine war

To contain the repercussions of Russia’s invasion of Ukraine, Egypt banned for three months the export of wheat, flour, rice, pasta, oils and beans.

Egypt

Russia, Ukraine trade barbs over obstruction of wheat shipments to Egypt

As Egypt’s strategic wheat reserves continue to decline, Russia and Ukraine exchanged accusations over obstructing the movement of a ship loaded with wheat and bound for Egyptian ports.

Egypt