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Jordan’s Minister of Industry, Trade and Supply Maha Ali told members of the Iraqi Business Council that Amman would help investors by removing all obstacles as she promotes the economic stimulus package designed to overcome the effects of the ongoing Read more
China has asked for an upgrade of its military ties with Iran to add up to the two countries’ strong bilateral cooperation in trade, energy and economic sectors. Visiting Iran’s Air Force Commander, Brigadier General Hassan Shahsafi, and his Chinese Read more
Tunisia’s central bank, for the first time since the end of the Ben Ali regime, has cut interest rate by 0.50% because inflation has dropped. It hopes that the decision will contribute to reviving economy and attracting foreign investment. A Read more
Saudi Arabia has expressed the wish to see Iran change its policies and stop meddling in the affairs of other countries to pave the way to improving relations between the two states. This came in a statement by Saudi Arabia’s Read more
Cairo and Paris are expected to ink mega military and economic deals on Saturday during the two-day visit French Prime Minister, Manuel Valls, is paying this weekend to Egypt at the head of a high level ministerial delegation. The French Read more
The seventh and final review of Jordan’s economic program supported by a Stand-by Arrangement (SBA) has come to an end after the International Monetary Fund Executive Board concluded that the country was able to resist to “severe external shocks” with its reforms. Read more
German Vice Chancellor Sigmar Gabriel who also doubles as the economy minister landed in Tehran on Sunday for a three-day official visit and has already hinted that the prospects of “a good economic relationship with Germany in the long term” also depend on Read more
The Iraq government and the World Bank signed on Sunday an agreement allocating the Iraqi government $350 million loan destined for rebuilding cities taken back from ISIL. The Word Bank loan will help the Iraqi government, which is facing an Read more
Saudi Arabia’s Public Investment Fund (PIF) and Russia Direct Investment Fund (RDIF) have concluded an agreement that will lead to a $10 billion investment in Russia. The deal is one of the biggest foreign direct investments sealed by the government-run RDIF Read more
Kuwait’s budget for the new fiscal year that began on April 1 has a deficit of around 40% mainly due to lower estimates of oil prices. The huge deficit has raised eyebrows but it is believed that it will be Read more