Middle-east Arab News Opinion | Asharq Al-awsat

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The International Monetary Fund logo is seen inside its headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas

IMF Monitors Egyptian Economy

by Mahmoud Najem | Nov 14, 2016 | Business

Cairo-The International Monetary Fund’s executive board has approved a three-year $12bn loan to Egypt to boost its economy, drop public debt, and control inflation. The IMF said its board’s approval allows for a disbursement of an initial tranche of...

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Hart (left) and Holmström: Two parties to a contract. (Reuters/Mary Schwalm/AP/Jussi Nukari)

Nobel Prize in Economics Goes to Oliver Hart, Bengt Holmstrom

by Mahmoud Najem | Oct 11, 2016 | Lifestyle & Culture

Cairo- Oliver Hart and Bengt Holmstrom have answered during their decades’ journey questions related to economies that lack efficiency. The two scientists were granted on Monday the Nobel Prize in Economics as recognition to their efforts in setting the theoretical...

Would GCC Banks Fix Damages Caused by Oil Prices’ Drop?

by Mahmoud Najem | Aug 15, 2016 | Business

The GCC countries have ran important structural reforms aiming to diversify economic activities and providing job opportunities in the private sector. In this context, the banking sector will be one of the main concerned parties by sponsoring small businesses and...

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Fahad ShadeedSaudi traders monitor stocks at the Saudi Investment Bank in Riyadh August 7, 2011, Reuters

Saudi Consumer Confidence Stabilizes in 2016’s Second Quarter

by Mahmoud Najem | Aug 5, 2016 | Business

Cairo- Despite plunging oil rates, a main source for the Kingdom’s revenue, Saudi consumers displayed considerable and consistent confidence in their economy which was further proved stable in the second quarter of 2016. Also, consumers across the United Arab Emirates...

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Egyptian Tourism Minister Yehia Rashed speaks during an interview with Reuters at his office in Cairo, Egypt, April 7, 2016. REUTERS/Mohamed Abd El Ghany

Egypt: Strict Economic Procedures, Optimist Statements

by Mahmoud Najem | Aug 2, 2016 | Business

Cairo- “Securing an International Monetary Fund (IMF) funding deal would be credit positive for Egypt, but implementation risks are high and the country will continue to face several economic challenges”, Fitch Ratings says. President Abdel Fattah al-Sisi warned...