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A digital idealist’s path to peace in the Middle East

Few countries owe their survival to innovation. Israel is one. With little land and even less water, settlers were forced to experiment with new farming techniques to raise agricultural productivity.…

Fitch confirms Saudi at AA- but highlights key risks

Fitch has confirmed Saudi Arabia’s credit rating at AA- with a negative outlook, but identified a slew of risks including a weakening balance sheet and potential spillover from regional conflicts.…

Turkish exports slide 11.5% in July

Turkish exports the most in six months in July as the country’s economy feels the impact of a torrid year. Exports dropped 11.5 per cent year on year in July,…

Egypt’s tourist industry hit hardest by terror fears

Egypt is bearing the brunt of a slump in tourism to Muslim-majority countries in the troubled Mediterranean region, with the number of foreign tourists tumbling 46.5 per cent year on…

Egypt wins $12bn IMF loan to boost economy

©AFP Egypt and IMF have agreed to a $12bn to boost economy and tackle courrency shortage Egypt has agreed a $12bn loan with the International Monetary Fund in bid to…

Egypt and IMF agree $12bn loan in bid to restore confidence in economy

Egypt has agreed a $12bn loan with the International Monetary Fund in bid to restore confidence in its lacklustre economy and tackle severe foreign exchange shortages. The economy has been…

Saudi Arabia to help stranded Indian workers

©AFP Saudi Arabia has agreed to repatriate thousands of Indian labourers who have been stranded in the desert kingdom after being laid off by cash-strapped construction companies hit by sharply…

Saudi Arabia to assist stranded Indian workers

Saudi Arabia has agreed to repatriate thousands of Indian labourers who have been stranded in the desert kingdom after being laid off by cash-strapped construction companies hit by sharply falling…

Egypt close to $7bn IMF support deal

Egypt said on Tuesday that it was close to finalising an agreement with the International Monetary Fund for a three-year support programme with the aim of securing funding worth $7bn…

IMF confirms $7bn bailout talks with Egypt

The International Monetary Fund has confirmed that it is in talks with Egypt over a $7bn rescue package, after years of on-off talks since the Arab Spring upended the country’s…