Economics and Policy
Iran has denied it failed to make payments on its loans to the World Bank for the last six months, blaming Western sanctions for preventing an intermediary from forwarding funds to the global lender.
The biggest mistake deposed Egyptian President Mohammed Morsi made was stopping wheat imports, Egypt’s new supplies minister has said.
Companies and Business
Dubai Financial Market (DFM), the Gulf's only listed stock exchange, said second-quarter net profit surged on the back of higher trading values and renewed interest among investors lured by an economic recovery in the emirate.
Beirut's real estate is the second most expensive in the Middle East, a new report has shown.
Emirates NBD said its second-quarter net profit rose 50 percent, beating analysts' forecasts, as Dubai's largest lender benefited from an economic recovery in the emirate.