Economy
 
Three labour unions withdraw from dialogue with Moroccan government

Three labour unions withdraw from dialogue with Moroccan government

Three major unions in Morocco announced their withdrawal from the social dialogue session with the government due to disagreement over details of the salaries increase.

 
Jordan’s unemployment rate rises to 18.6%

Jordan’s unemployment rate rises to 18.6%

The unemployment rate in Jordan is up 0.1 per cent in the third quarter of the year compared to the same period last year, rising to 18.6 per cent, according to a report by the Jordanian Department of ...

 
Qatar withdraws from OPEC, ends nearly six decades of membership

Qatar withdraws from OPEC, ends nearly six decades of membership

Qatar has announced that is withdrawing from OPEC in January, ending a near-six decade long membership of the oil price cartel. The emirates’ oil minister, Saad Sherida Al-Kaabi, told reporters today ...

 
Istanbul Airport to become megahub of aviation sector

Istanbul Airport to become megahub of aviation sector

The new Istanbul Airport will be a megahub in the world and locomotive for the Turkish aviation sector, said Ilker Ayci, chairman of the board of directors of Turkish Airlines.

 
Iran’s trade surplus at $2bn March-Oct. 2018

Iran’s trade surplus at $2bn March-Oct. 2018

Official figures show Iran had a trade surplus of $2 billion over a period of eight months starting 21 March 2018 in what could be an indication that the country’s economy is still doing well in face ...

 
Russia, Saudi Arabia agreed to keep oil output low

Russia, Saudi Arabia agreed to keep oil output low

Russia and Saudi Arabia have agreed to extend a previous deal lowering the oil output to prevent further decrease in the prices.

 
Trump to notify congress on terminating NAFTA

Trump to notify congress on terminating NAFTA

US President Donald Trump once again announced his decision to the congress over pulling the country out of the North American Free Trade Agreement (NAFTA).

 
Turkey lira hits highest level in 4 months

Turkey lira hits highest level in 4 months

The Turkish lira hit its highest level in nearly four months yesterday, amid a fall in the US dollar and a decline in oil prices.

 
Algeria on the verge of serious economic crisis

Algeria on the verge of serious economic crisis

Algeria may face an economic crisis by 2019 in case the Algerian authorities did not undergo immediate economic reforms, after oil revenues have fallen since 2014, according to a report released by the ...

 
Iran gold rush seeks ways to insulate economy from US

Iran gold rush seeks ways to insulate economy from US

Iran is stepping up production of precious metals to cushion its economy against the effects of new US sanctions which have triggered a flurry of panic buying of gold by some citizens.

 
Cuba interested in Iran-EU clearing mechanism

Cuba interested in Iran-EU clearing mechanism

Cuba has expressed interest in a plan by the European Union to create a mechanism to get round US sanctions against Iran, saying it hopes the mechanism would also help it sidestep the trade embargo that ...

 
Egyptians abroad remittances rose by 1.5% in first quarter of current fiscal year

Egyptians abroad remittances rose by 1.5% in first quarter of current fiscal year

The Central Bank of Egypt (CBE) announced on Sunday that the remittances of Egyptians working abroad increased by 1.5 per cent on a yearly basis in the first quarter of the current fiscal year 2018/2019....

 
Egypt and Ethiopia to discuss Nile dam dispute – PM

Egypt and Ethiopia to discuss Nile dam dispute – PM

According to a Reuters report, Egypt said on Sunday it would hold talks with Ethiopia in the next two weeks to iron out differences over an Ethiopian dam on the River Nile that Cairo sees as a threat ...

 
Rouhani sees Iran, Iraq expanding trade despite US sanctions

Rouhani sees Iran, Iraq expanding trade despite US sanctions

Iran and Iraq could raise their annual bilateral trade to $20 billion from the current $12 billion, President Hassan Rouhani said on Saturday, despite concerns over the impact of renewed U.S. sanctions....

 
Trump expresses concern over Saudi oil output decrease

Trump expresses concern over Saudi oil output decrease

US President Donald Trump has expressed concern over the Saudi decision to decrease its oil output in December, requesting oil prices to remain low.

 
Report: Arab countries need $230bn for sustainable development

Report: Arab countries need $230bn for sustainable development

Arab countries require $230 billion annually to achieve the sustainable development goals, a report by the Lebanon-based Arab Forum for Environment and Development (AFED) revealed yesterday.

 
Official: Kuwait largest Arab investor in Germany

Official: Kuwait largest Arab investor in Germany

The Kuwaiti private sector is the largest Arab investor in Germany with investments worth €16 billion ($18.3 billion), Chairman of Kuwait’s Chamber of Commerce and Industry (KCCI), Ali Mohamed Al-Ghanim,...

 
US allows Iraq to buy electricity from Iran

US allows Iraq to buy electricity from Iran

The United States has granted Iraq a waiver to allow it to continue purchasing and importing electricity from its sanction-worn neighbour Iran.

 
Impact of US sanctions on Iran cushioned by high oil prices, EU-US rift: Reuters

Impact of US sanctions on Iran cushioned by high oil prices, EU-US rift: Reuters

The impacts of fresh US sanctions on Iran have been cushioned by high oil prices and Washington’s international isolation, with Tehran being better placed to weather the storm, a Reuters analysis says....

 
Thousands of fish die in contaminated Iraq waters

Thousands of fish die in contaminated Iraq waters

Tens of thousands of fish have died in the Euphrates River to the south of Baghdad as a result of an unidentified disease.

 
Iran Air looking for planes not needing US sales permit

Iran Air looking for planes not needing US sales permit

Iran Air is looking to buy planes from any company not requiring US sales permits and may consider Russia’s Sukhoi Superjet 100, the flag carrier’s head was quoted as saying, as Iran tries to renew its ...

 
Saudi budget deficit hits over $13bn

Saudi budget deficit hits over $13bn

Saudi Arabia’s Finance Ministry announced yesterday that its budget deficit had reached 48.977 billion riyals ($13.65 billion) after the end of the third quarter of this year.

 
EU vows to protect trade deals with Tehran

EU vows to protect trade deals with Tehran

European Union and the trio of France, Germany and UK have condemned US new sanctions against Islamic Republic of Iran and vowed to continue their trade deals with Tehran.

 
Egypt builds largest solar power plant in the world

Egypt builds largest solar power plant in the world

Egypt is “entering the world of solar energy” after it inaugurated the largest solar power plant in the world early this year, RT reported.

 
Foreigners sold net $1.1 bln of Saudi stocks in week to Oct 18

Foreigners sold net $1.1 bln of Saudi stocks in week to Oct 18

Foreigners sold a net 4.01 billion riyal ($1.07 billion) in Saudi stocks in the week ending October 18, exchange data showed on Sunday – one of the biggest selloff since the market opened to direct foreign ...

 
Istanbul vending machine accepts recycled bottles for metro credit

Istanbul vending machine accepts recycled bottles for metro credit

The Istanbul metro has installed the city’s first vending machine that accepts recycled bottles and cans in return for credit that can be used on the capital’s transportation pass, Hurriyet Daily News ...

 
Germany to give UN $9.2m to reconstruct Gaza

Germany to give UN $9.2m to reconstruct Gaza

The German Development Bank has signed an agreement with the United Nations Office for Project Services (UNOPS) to provide the UN agency with an additional €8 million ($9.2m) to continue work aimed at ...

 
Iran rejects US

Iran rejects US 'bluff', sees 'very solid' oil production outlook

Iran’s senior officials remain generally upbeat about the country’s oil production outlook despite looming US sanctions which seek to drain a key source of revenues.

 
Jordan, Syria reopen border crossing

Jordan, Syria reopen border crossing

The border crossing between Jordan and Syria officially opened to civilians and trade this morning three years after it was closed.

 
Saudi riyal at lowest level since 2016 over Khashoggi case

Saudi riyal at lowest level since 2016 over Khashoggi case

The economic backlash for the Saudis over the disappearance of dissident journalist Jamal Khashoggi found new dimensions as the kingdom’s currency fell to its lowest level in two years in Monday's trading....

 
 
Article
From Compromise to Partnership: The Impact of the Trump Administration’s Policy towards Russia on Iran

There are serious doubts over the exact route of the US domestic and foreign policies under Donald Trump due to his controversial positions on various issues. In the meantime, one of the important issues that attracted the attention of observers and analysts even before the election of Trump and during ...

 
Report
News Media

Two billion people are living in poverty while 753 million others experience extreme poverty and are struggling to survive, according to the Global Humanitarian Assistance Report 2018.

Surviving Daesh, Iraq is grabbed by debt spiral

Already fragile and is largely dependent on oil revenues, Iraq’s economy has sustained a great damage after the rise of the Daesh terrorist group and simultaneous falling oil prices.

China to increase influence in Middle East: Experts

Political analysts interpreted China's pledge to send more than $23 billion in loans and humanitarian aid to Arab countries as a step to increase Chinese influence in the region.

Gas for peace or war in eastern Mediterranean?

Maritime boundaries and Exclusive Economic Zones (EEZ) in the eastern Mediterranean have become subjects of dispute since hydrocarbon resources began to be discovered in 2009, particularly between states embroiled in long-standing political problems in the region.

Pakistan losing lucrative export market in Afghanistan

The increasingly cold, stalled and often tense ties between Kabul and Islamabad have practically wiped out Pakistan’s traditional market share, allowing new players such as Turkey, China and India to replace it in landlocked Afghanistan, traders said.

 
 
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