Economy and trade

Gulf investment woes, COVID economic crisis converge in Egypt

Gulf state support to Egypt — whether through official aid, central bank deposits or capital investment flows — has not been consistent in the past, so will investments and aid help Egypt through a coronavirus-induced recession?

Karen Young | Economy and trade | Aug 7, 2020
al-monitor This picture shows a general view of a session of the Gulf Cooperation Council summit held in Riyadh, Saudi Arabia, Dec. 10, 2019. Photo by FAYEZ NURELDINE/AFP via Getty Images.

Turkey to use 'all available' tools as currency plunges

Turkey’s Central Bank says it's ready to use “all available instruments” to calm the market as the Turkish lira drops to new depths, and an interest rate hike is one of the most obvious.

Amberin Zaman | Economy and trade | Aug 6, 2020

Turkish lira slides 2% amid reserves concerns

Turkey’s currency slumped 2% against the dollar Wednesday as concerns linger over Central Bank policies and depleted reserves.

Diego Cupolo | Economy and trade | Aug 5, 2020

Rouhani: Iran’s economy handled pandemic better than US

Iran’s president said his country’s economy is in a comparatively better shape than the US and European states' ones when it comes to the impact of the coronavirus pandemic.

Al-Monitor Staff | Coronavirus | Aug 4, 2020

Can Jerusalem mayor improve situation of Arab residents?

Jerusalem Mayor Moshe Leon advances two development projects in East Jerusalem — in Issawiya and in Wadi Joz.

Danny Zaken | Israeli-Palestinian conflict | Aug 3, 2020