Emerging markets

Iran faces dual crisis amid currency drop and loss of major regional ally

A briefcase filled with Iranian rial banknotes sits on display at a currency exchange market on Ferdowsi street in Tehran,…

Sovereign debt is biggest risk to global growth in 2025: Saudi minister

RIYADH — National debt is a major threat to markets in the near future, Saudi Arabia’s finance minister said, expressing…

Foreign investors flock to flagship Saudi economic conference

A delegate arrives at the King Abdulaziz Conference Centre in Saudi Arabia’s capital Riyadh to attend the Future Investment Initiative…

Turkey’s bid for BRICS both strategic and symbolic step, analysts say

Turkish Foreign Minister Hakan Fidan attends the BRICS+ session on a two-day BRICS foreign ministers summit held in Nizhny Novgorod,…

Chairman of property firm Damac expresses concerns over ‘expensive’ Dubai

DUBAI, United Arab Emirates — Dubai’s property scene is showing no sign of cooling off, as 2024 is on track…

Iran’s response to Israel is a choice between revenge and survival

Iran’s Supreme Leader Ayatollah Ali Khamenei waves before voting in the country’s presidential election, in Tehran, Iran July 5, 2024. …

Saudi Arabia slashes growth forecasts, sees wider budget deficits

Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia cut its growth forecasts and raised its budget deficit…

Iran’s response to Israel will be a choice between revenge and survival. Markets say it’s choosing survival

Iran’s powerful proxy network across the Middle East is being dealt blow after blow from Israel, which has dramatically escalated…

‘Very serious escalation’: Lebanese ministers warn of a dangerous next 48 hours after pager and device attacks

Lebanon’s leadership warned that the risk of further violence and escalation is extremely high following two days of attacks involving…

Chairman of property firm Damac expresses concerns over ‘expensive’ Dubai

DUBAI, United Arab Emirates — Dubai’s property scene is showing no sign of cooling off, as 2024 is on track…