President Reiterates Support for Iranian Producers, Exporters

Iran’s President Hassan Rouhani expressed his administration’s support for the private sector, saying law-abiding producers, business people and exporters would receive...
International students

US decision to bar foreign students risks $45bn of revenue and thousands of jobs

The Trump administration’s decision not to issue new visas to students and potentially deport those in the country enrolled in schools that...

Johnson Promises ‘New Deal’ to Rebuild U.K. Economy After Virus

Boris Johnson will commit to spending on infrastructure to rebuild the coronavirus-ravaged U.K. economy in a major policy speech Tuesday and say...

Boris Johnson Pledges to Spend Billions of Pounds to Build the British Economy ‘Back...

Boris Johnson is set to announce a new government task force called “Project Speed” led by Chancellor Rishi Sunak, which aims to...

IMF approves $5.2 bln for Egypt to tackle fiscal challenges following coronavirus

The International Monetary Fund approved a $5.2 billion stand-by arrangement for Egypt, boosting the most populous Arab country’s ability to tackle economic...

World Bank Sees Private Lenders Joining G-20 in Debt Relief

World Bank President David Malpass expects private creditors to work out a methodology to join the Group of 20 in providing debt...

Saudi Arabia to launch $4bn tourism development fund

Saudi Arabia has announced its plans to launch a development fund for tourism with a capital investment of $4 billion.

EU-China summit opens amid tensions over trade, coronavirus and Hong Kong

Chinese and EU leaders will hold a video summit Monday amid tensions over new tariffs on Chinese firms and Beijing's actions on Hong...

Venezuelan national assembly says 12-month inflation at 3,600% in May

Venezuelan inflation over the last 12 months to May was 3,684 percent, the opposition-controlled National Assembly said on Tuesday.

France Deploys $8.8 Billion to Rescue Car Industry and Boost Electric Vehicles

 France’s government is injecting more than 8 billion euros ($8.8 billion) to save the country’s car industry from huge losses wrought by...

French PM Philippe confirms massive investment plan to aid tourism industry

France announced an €18 billion ($19.4 billion) rescue plan Thursday to help its tourism sector through the coronavirus crisis that has shuttered...

IMF approves USD 2.7 billion in aid to Egypt

The Executive Board of the International Monetary Fund (IMF) approved Egypt’s request for USD 2.7 billion in financial aid, designed to address...

Syria Reduces Fuel Subsidies as Economic Crisis Deepens

Syria's oil ministry has announced that it is reducing its automobile fuel subsidies, removing owners of more than one car and users...

Abu Dhabi Ports signs declaration to keep east-west trade open

In an effort to collaborate and keep trade flows open during the ongoing COVID-19 crisis, Abu Dhabi Ports has joined 19 of...

Commission approves €7B Air France state aid

The European Commission on Monday cleared the French government's €7 billion rescue package for Air France, an effort to keep the company afloat during...