Economics and Policy
The Syrian government is providing new subsidies on basic items in a bid to counter rising inflation and a plunging currency.
Egyptian tycoon Naguib Sawiris, whose family controls the sprawling Orascom corporate empire, says he and his brothers will be “investing in Egypt like never before” after the ousting of President Mohammed Morsi.
Turkey’s central bank has signaled that it is set to raise interest rates to stabilize a plunging lira, after intervening heavily last week to shore up the currency as it sank to record lows.
The Gulf state of Kuwait has discovered a new oil and gas field in Kabed area close to the well-known Manageesh oilfield, Hashem Sayed Hashem, CEO of state-owned Kuwait Oil Co has said.