Oil-rich Gulf nations are relying on a well-worn playbook of spending less and borrowing more to get through the coronavirus crisis but with the outlook for oil clouded by uncertainty the strategy is riskier than before. Previous bouts of belt-tightening have relied on rebounding oil prices...

A mixed state of anxiety and trauma dominates among the Syrian community in Egypt, whether from the shopkeepers or workers in these stores, after the leakage of a copy of a periodic book issued by the Minister of Local Development in Egypt, Maj. Gen Mohamed Sharawy, addressed to all governors...

Iran’s currency Saturday dropped to its lowest value ever against the dollar, and has seen its value fall by 30% since June amid severe U.S. sanctions imposed on Tehran. Money exchange shops traded the Iranian rial 262,000 for a dollar. The rial had traded at 256,000 to $1 Thursday,...

Sudan has declared a state of emergency to avert economic downturn due to the dramatic fall of its local currency against the US dollar and soaring inflation. The decision -- reported by official news agency SUNA -- includes setting up emergency courts, enacting laws to protect the economy,...