Egypt's new central bank governor, Hassan Abdalla, faces a daunting task as he tries to repair an economy derailed by an overvalued currency, rampant inflation, and a banking system emptied of most…

Saudi Arabia plans to invest $1 billion in Pakistan, Saudi state TV reported on Thursday. Saudi King Salman bin Abdulaziz had given the directive for the kingdom to support the Pakistani economy,…

Egypt's central bank on Thursday increased the maximum amount of cash customers are allowed to withdraw from their bank accounts and removed restrictions on how much they could deposit entirely. …

President Biden has made good on a campaign promise, and one that millions of student borrowers have been waiting on: canceling student debt. Biden announced the plan today, tweeting, “In keeping…

Oil prices steadied on Thursday as producer group OPEC+ raised the prospects of curbing oil supplies while the prospect of an agreement that could return sanctioned Iranian oil exports to the market…

Contraction in the eurozone economy for a second straight month pinned the single currency to a 20-year low against the dollar on Tuesday, with surging gas prices adding to misery dragging Europe…

Oil prices edged up on Tuesday after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures. Brent crude futures rose 32 cents to $96.80 a barrel by 0004 GMT, after…

Oil prices were largely steady on Monday as a relatively tight global supply picture competed with fears of a recession and a rising dollar. Brent crude futures for October settlement fell 34…

The United Arab Emirates' non-oil trade hit 1.058 trillion dirhams ($288.06 billion) in the first half of 2022, up 17% from a year earlier, the vice president said on Monday in a tweet. The Gulf…

Most major Gulf stock markets fell on Sunday amid fears of a potential global recession and volatile oil prices, but Egypt continued to rise after its central bank kept its overnight interest rates…