US, Japan trade talks will include currency

WASHINGTON: With US-Japan trade talks set to begin Monday, US Treasury Secretary Steven Mnuchin said Saturday any agreement will include a requirement to refrain from manipulating currencies to gain an advantage in international trade. But he said there is no arbitrary deadline for completing the talks. The US priority is that countries “don’t in any […]

Egypt expects its debt to become ‘euroclearable’ in October

CAIRO Egypt has signed an agreement with Euroclear, Europe’s biggest settlement house for securities, to allow holders of its sovereign debt to clear transactions outside the country beginning in six months’ time, its finance minister said. Mohammad Maait also told Reuters that Egypt hopes to announce a new sovereign debt issue by the end of […]

Sudan will need deep rooted economic and structural changes

Dubai: Sudan faces uncertain economic future following the political impasse resulting from ouster of longtime president Omar Al Bashir and a delay in forming a government. While a regime change is on cards it is still unclear if a civilian government will be an immediate option, adding further uncertainty to the weak economy. Large macroeconomic […]

Outages hit Facebook, WhatsApp, Instagram users worldwide

Dubai: Social media platforms Facebook, Instagram and Whatsapp have experienced technical issues, leaving millions of users worldwide disappointed. Users took to Twitter on Sunday to complain that they have been having problems getting on any of the platforms. Newsfeeds are reportedly not loading and users are unable to post any updates and send messages. According to DownDetector, which tracks outages, Facebook […]