Circular 165 is, at first glance, a technical note on procedure from the embattled central bank. But its proposals to attract dollars will have immediate and far-reaching consequences.

On the 42nd anniversary of GCC's creation, the comprehensive unity and economic integration of the Gulf states is still underway and subject to the removal of bureaucratic and legal obstacles

With a fully locally made car gearing up for its market debut, a clear industrial policy is paying dividends in what is one of Africa's most industrially developed nations. Here's how they did it.

Saudi Arabia's first-quarter budget figures reflect a steadily diversifying the economy, reducing reliance on oil as the country's main source of income, and boosting opportunities the private sector

As the self-imposed borrowing limit saga looms again, Washington is poised for political brinkmanship with global reach. The question is simple: how long can it borrow, run up debt and print dollars?

Downgrade was prompted by declining foreign exchange inflows, continued restrictions to the Egyptian pound's exchange rate, as well as external pressures to the economy

A peaceful phase would also facilitate the proper utilisation of Yemen's underdeveloped oil and gas resources, which constitute the largest proportion of the country's undeveloped GDP

The reputation of monetary and financial policymakers can shift over time. For the governor of Lebanon's central bank, his has collapsed more suddenly, along with the country's financial sector.

Spain and Morocco have revived an ambitious project for a tunnel under the Mediterranean Sea. The long-held dream to link two continents would be a historical first and economically transformative

While its president plays on European fears of the human fallout from default, debt crisis looms ahead of the hot Mediterranean summer