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The IMFSaid Last Month That Growth in the Non-Oil Sector Was Expected to Accelerate as the Kingdom Moved Ahead With Economic Reforms. (Shutterstock)

September 18th, 2018 - 07:18 GMT

IMF Confident Saudi Can Meet 1.9 Percent GDP Forecast

Saudi Arabia’s economy can achieve an International Monetary Fund forecast of 1.9 percent gross domestic product growth this year, the central bank governor said on Sunday.

Egypt has suffered from a shortage of dollars in the banking system to pay for crucial imports since a 2011 uprising drove away tourists and foreign investors, crucial sources of hard currency. (Shutterstock/Ververidis Vasilis)

July 4th, 2016 - 08:00 GMT

Egypt's Central Bank claims no change to debit card use abroad

Iraqis, including firefighters, gather at the site of a suicide car bombing claimed by the Islamic State group on July 3, 2016 in Baghdad's central Karrada district. (AFP/Sabah Arar)

July 3rd, 2016 - 09:00 GMT

Update: Death toll from Baghdad bombings estimated at 82

Forces loyal to Libya's UN-backed unity government patrol the city of Sirte during an operation to recapture the city from Daesh militants, June 12, 2016. (AFP/File)

July 2nd, 2016 - 09:24 GMT

Libyan forces retake Sirte from Daesh militants

Debit cards for accounts in foreign currency can still be used abroad up to a limit of $100,000 as per a 2014 directive. (File photo)

June 30th, 2016 - 12:00 GMT

Egypt: Foreign currency crisis prompts ban on use of debit cards overseas

A Somali soldier stands guard on June 26, 2016 on the scene of the attack on a hotel in Mogadishu that killed 15 people the day before and was claimed by al-Shabaab militants. (AFP/Mohamed Abdiwahab)

June 30th, 2016 - 10:30 GMT

Somalia roadside bomb kills at least 18 near Mogadishu

The world's top liquefied natural gas exporter is one of the richest countries per capita but it faces a $12.8 billion budget deficit this year because of the continued lower oil and gas prices. (File photo)

June 28th, 2016 - 05:00 GMT

Qatar's foreign trade surplus slashed in half in May

In a recent visit to Yerevan, Pope Francis directly condemned the Armenian Genocide, leading to a diplomatic spat with Turkey. (AFP/File)

June 26th, 2016 - 01:00 GMT

Vatican decries Turkey’s claim that Pope Francis has a ‘Crusader mentality

Qatar's Mayhoola also owns the Valentino label. (AFP/File)

June 22nd, 2016 - 12:30 GMT

Qatar's Mayhoola buys Balmain fashion house

A picture taken on January 14, 2014 through the window of an airplane shows the Red Sea's Tiran (foreground) and the Sanafir (background) islands in the Straits of Tiran between Egypt's Sinai Peninsula and Saudi Arabia. (AFP/Stringer)

June 21st, 2016 - 09:33 GMT

Egyptian court annuls decision to transfer Red Sea islands to Saudi Arabia

Egypt's Central Bank has sought to crack down on the black market, revoking the licenses of exchange bureaus found dealing far beyond the official rate. (AFP/Khaled Desouki)

June 16th, 2016 - 11:43 GMT

Egypt's black market currency traders take their business abroad

Larossi Abballa, the 25-year-old who allegedly murdered a French couple at their home Monday night before taking their 3-year-old son hostage. (Credit: Facebook)

June 14th, 2016 - 05:50 GMT

French jihadi used Facebook Live to pledge allegiance to Daesh during deadly attack

Natural gas shortages have in the past forced EGAS to ration gas supplies to industry during months of peak consumption, crippling production and hampering Egypt's economic recovery. (File photo)

June 14th, 2016 - 07:00 GMT

Egypt to divert natural gas supplies from industry to meet August power demands