Saudi Arabia’s drive to reduce the economy’s reliance on oil has hit a snag: its reliance on oil.
Salama Faris is in demand these days, and that’s bad news for the Egyptian economy.
Money had already been tight as food and electricity bills climbed for weeks.
It was only half the amount he requested, but for Ahmad, a textile manufacturer in Egypt, the $168,000 he received from the bank to import yarn was almost a...
Egyptian officials are holding talks in Cairo with the International Monetary Fund over a loan to help finance the government’s economic program.
Egypt's central bank took a step toward floating the currency on Monday, devaluing the Egyptian pound by 13 percent in hopes of alleviating a dollar shortage...
Saudi Arabia is investing in future technologies such as electric carmaker Tesla Inc. to hedge against oil.
No sooner has Egypt achieved its milestone of regaining self-sufficiency in natural gas than another corner of the energy market threatens to deal a new blow...
Egypt’s inflation stayed within the central bank’s target range for a second month after the biggest monthly decline in at least over a decade.
Egypt is facing a dilemma that’s troubling policymakers across emerging markets: what pleases overseas investors isn’t always what’s good for the economy.