Business

The shift to a flexible exchange rate is affecting the Egyptian pound
Egyptian pound sees largest single-day fall since IMF deal
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Just 1,600 Emirati citizens have visited Israel since it lifted coronavirus travel restrictions last year
Israel's hopes of luring Gulf Arab tourists fall short
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The sharpest increases in annual prices were in the housing sector, at nearly 80%, followed by food and nonalcoholic drinks prices at 78%
Turkey inflation drops to 64% in December
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The Syrian pound had traded at 47 to the dollar before anti-Assad protests in March 2011
Syria weakens official exchange rate
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Egypt has been battling climbing inflation, with the annual rate rising above 18% in November
Egypt’s Central Bank raises interest rates to limit inflation
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US dollar notes
Iraq's central bank FX reserves soared to $96 billion
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Suez Canal
Suez Canal expects revenue of $8 billion in current fiscal year
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Qatar's national regulator progressively grounded at least 29 jets on safety concerns over the past year
Airbus and Qatar Airways kick off latest series of UK court hearings
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Oman has its currency pegged to the US dollar.
Oman central bank hikes repo rate by 50 bps
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Xi says China will also establish bilateral investment and economic cooperation working mechanisms with GCC states
China to use Shanghai exchange for yuan energy deals with GCC
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Huawei
Saudi Arabia signs MoU with China's Huawei
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UAE economy minister Abdullah bin Touq
UAE expects GDP growth of 6.5% this year
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Zeyoudi says Ukraine is a key trade partner
UAE, Ukraine to start talks on bilateral trade deal
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It is the first time that annual inflation has eased since May 2021
Turkish inflation slightly eases for first time in more than a year
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King Salman airport would create 103,000 direct and indirect jobs with the panned expansion
Saudi Arabia plans to turn Riyadh airport into massive aviation hub
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the UK has boosted trade ties with Morocco since Brexit
UK Export Finance commits up to £4 billion to boost UK-Moroccan trade ties
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