Economy and trade

Can Egypt’s Central Bank save thousands of faltering factories?

The Egyptian Central Bank launched a new initiative to save more than 5,000 faltering factories by repaying their loans.

Egypt

Is Turkey headed for IMF bailout?

An increasing number of observers see an inevitable prospect of Turkey seeking an IMF bailout, yet the country is not on its beam-ends yet and the outcome of the June 24 polls will bear on its ability to keep its economy afloat without going to the IMF.

Turkey

Will Sadr’s victory impact Russia-Iraq relations?

The pragmatism displayed by Iraq's Muqtada al-Sadr indicates that Moscow-Baghdad ties will continue — or even expand — when the new government is formed.

Iraq

Turkey’s agricultural decline rings alarm bells

The Turkish government is under fire for mismanaging the agricultural sector, whose decline has sent food prices soaring and forced the importation of basic items such as wheat, beans, meat and even straw.

Turkey

Turkish defense industry at critical juncture

After significant progress on the domestic level, the Turkish defense industry has reached a challenging phase in which it needs to enhance its export capacity to ensure sustainable growth.

Turkey

Egypt eyes World Cup as golden opportunity for economy

After a 28-year absence, Egypt hopes to take advantage of its participation in the 2018 World Cup, hosted by Russia, to achieve some economic gains.

Egypt

The unorthodox theory behind Erdogan's monetary policy

Economists and investors are not buying the controversial economic theory invoked by Turkey’s president to justify low interest rates in the face of high inflation and the lira's collapse.

Turkey

Egypt to float state shares to boost stock market

The Egyptian government has decided to sell shares in state-owned companies as part of the series of economic reforms connected to its $12 billion loan from the International Monetary Fund.

Egypt

Turkish lira in tailspin as Erdogan spooks investors

Clinging to unorthodox economic views, Turkey’s president has effectively paralyzed the central bank as the Turkish lira’s meltdown continues, threatening major economic turmoil.

Turkey

After Iran deal exit, average Iranians worried about the future

Uncertainty in the aftermath of the US withdrawal from the Joint Comprehensive Plan of Action is fueling pessimism about the future among ordinary Iranians.

Iran

Turkey and Israel: Barking, biting, but still doing business

The ties between Israel and Turkey are being strained and stretched, but they aren't likely to snap as long as both sides benefit from the relationship.

Israel

Egypt’s animal-drawn cart owners struggle as government crackdown intensifies

Some animal-drawn cart owners are finding it hard to make ends meet as the Egyptian government intensifies its crackdown against them as part of its campaign to fight traffic congestion in Cairo.

Egypt