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Egypt central bank seen hiking rates at Thursday’s MPC meeting, Reuters
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Residents dive into the Tigris river to take a swim and cool off in northern Baghdad’s Adhamiya district. Reuters
Iran Deepens Suffering of Iraqis by Cutting off Electricity
Baghdad, London-Iraqis, particularly those living in the southern city of Basra, were surprised on Wednesday when Iran cut off electricity supplies to the country, deepening their sufferings in light of high temperatures reaching 48 degrees. Despite providing some...Caption:
Oman’s Foreign Minister Yusuf bin Alawi is seen during an interview with Reuters in Muscat April 2, 2015. REUTERS/Sultan Al Hasani
Oman’s Bank Muscat in Talks to Raise Loan Worth up to $300 Mln
Bank Muscat is negotiating the possibility of raising a loan a small group of lenders, Reuters cited sources with knowledge of the matter saying, as Oman’s largest lender becomes the latest Gulf bank to hunt for fresh funds to combat a liquidity squeeze in...Caption:
A picture taken on September 30, 2012, shows an Iranian woman paying with an IRR 20,000 bill bearing a portrait of the late founder of the Islamic Republic of Iran, Ayatollah Ruhollah Khomeini. (AFP PHOTO/ATTA KENARE)
World Bank says no payments received from Iran in six months
Washington, Reuters—Iran has not paid back any of its loans to the World Bank for more than six months, the bank said on Thursday, a further sign of the strains on the sanctions-hit Iranian economy. Faced with a combination of poor fiscal management and Western...Caption:
Traders work at the Egyptian Exchange in Cairo
(Reuters/Mohamed Abd El Ghany)