JERUSALEM (Reuters) - Israel's economy grew an annualised 1.8 percent in the second quarter of 2018, slower than previously thought, weighed down by a steeper drop in exports and a decline in consumer spending, the Central Bureau of Statistics said in a second estimate. In a preliminary estimate last month, the
Tag: economic
Abbas accuses U.S. of trying to create a divide between Gaza and West Bank
By Middle East Affairs President Abbas on Monday said that Palestine rejects President Trump's plan to rebuild Gaza because he believes the plan intends to create a divide between Gaza and the West Bank. Nabil Abu Rudeineh, President Abbas's spokesperson said in a published statement that the U.S was pursuing their rehabilitation
Jordan’s economic woes far from over even with $2.5 billion aid package
By Middle East Affairs Jordan welcomes financial support from Saudi Arabia, Kuwait, and the U.A.E. after the country feels the effects of conditions the International Monetary Fund (IMF) has set out to ensure its loan repayment. The IMF loan has increased prices in Jordan, which Jordanians have not taken sitting down, citizens
Unions strike in Jordan in protest of IMF tax hikes
AMMAN (Reuters) - Shops and pharmacies closed in Jordan's capital on Wednesday as some unions pressed ahead with a strike protesting against tax hikes, after King Abdullah replaced his prime minister to try to defuse public anger. A draft law to raise income taxes and International Monetary Fund-driven reforms that have
Poor Egyptians spent 20% of wages on transportation to get to work
(AFP) CAIRO: While Egypt’s economy is displaying the green shoots of recovery, citizens are enduring relentless price rises covering everything from water to metro tickets. At Cairo’s El Zahraa metro station, nestled among red-brick apartment blocks in a middle-income neighborhood, 46-year-old Omm Mohamed laments the government’s economic overhaul. “The burden has become