inflation

Moody’s upgrades Egypt’s rating to B2
Business

Moody’s upgrades Egypt’s rating to B2

Moody’s upgraded Egypt’s rating to B2 with a stable outlook, expecting financial and economic reforms to cause gradual and steady…
Turkish unemployment jumps to highest rate in nearly a decade
Middle East

Turkish unemployment jumps to highest rate in nearly a decade

ANKARA (Reuters) – Turkey’s unemployment rate surged to 14.7 percent in the December-February period, its highest level in nearly a…
Egypt’s annual inflation rate reaches 13.8% in March: CAPMAS
Economy

Egypt’s annual inflation rate reaches 13.8% in March: CAPMAS

The Central Agency for Public Mobilization and Statistics (CAPMAS) announced an 0.9 percent increase in Egypt’s inflation rate in March…
Egypt’s urban inflation jumps to 14.4 pct in Feb
Economy

Egypt’s urban inflation jumps to 14.4 pct in Feb

CAIRO, March 10 (Reuters) – Egypt’s annual urban consumer price inflation increased to 14.4 percent in February from 12.7 percent…
Ghost workers sap Tunisia’s phosphate wealth
Middle East

Ghost workers sap Tunisia’s phosphate wealth

METLAOUI, Tunisia – Tunisia’s state phosphate firm CPG pays Abdel-Basset Klifhi a salary of $280 a month, even though he…
Forty years since revolution, Iran taunts ‘declining’ America
Middle East

Forty years since revolution, Iran taunts ‘declining’ America

DUBAI (Reuters) – Forty years after its revolution, Iran has no fear of a “declining” America, a senior cleric said…
Regional powers back Maduro opponent as Venezuela leader
World

Regional powers back Maduro opponent as Venezuela leader

The head of Venezuela’s opposition-led legislature proclaimed himself “acting president” on Wednesday in a bid to oust leftist leader Nicolas…
Turkey building boom turning to bust as economy slows
Middle East

Turkey building boom turning to bust as economy slows

Deep in a provincial region of northwestern Turkey, it looks like a mirage — hundreds of luxury houses built in…
IMF board approves new Ukraine loan package
World

IMF board approves new Ukraine loan package

The International Monetary Fund executive board on Tuesday gave final approval to a new loan package for Ukraine and released…
World feels sting of US Federal Reserve
Economy

World feels sting of US Federal Reserve

JAKARTA/BUENOS AIRES/WASHINGTON (Reuters) – When the US Federal Reserve kept lifting interest rates this year, a world away in Jakarta…
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