Economy | AW

Economy

economy

A Lebanese man sits next to a closed store in the northern city of Tripoli. (AFP)

IMF expects lowest economic growth in MENA in 50 years

Egypt

A sign marking the turn-off leading to the Hamama gold exploration site, deep in the desert east of Luxor, Egypt. (AP)

Revamped legislation helps Egypt strike gold

Mohamed Hamad-60252

Egypt

Tourists rid a cart in front of the Great Pyramid of Giza after reopening for tourist visits, in Cairo, Egypt, July 1. (REUTERS)

Egypt welcomes tourists back to pyramids as flights resume

Saudi Arabia

Shoppers walk past jewellery shops in the capital Riyadh before the increase in the VAT rate. (AFP)

Saudi VAT triples to 15% as part of austerity measures

UAE

Sheikh Mohamed bin Zayed Al Nahyan during tour of Strata. (WAM)

Leading Gulf aircraft supplier showcases resilience of UAE industry

Morocco

A thermosolar power plant at Noor II Ouarzazate, Morocco. (AFP)

Morocco strives to ensure energy security

Mohamed al-Alawi

Saudi Arabia

Jiddah’s historical district is empty due to coronavirus restrictions.( AP)

Pandemic fallout challenges Saudi economic plans

Morocco

Tourists take pictures while visiting the Hassan II Grand Mosque in Morocco’s Casablanca, last March. (AFP)

Morocco encourages domestic tourism to mitigate COVID-19 losses

economy

The Barclays headquarters building in London. (REUTERS)

Middle East businessmen turn to safe investments amid economic downturn