Economy

The UAE's economy minister will lead a high-level delegation to the UK this week as the Gulf state seeks to deepen trade ties.

Turkish President Recep Tayyip Erdogan said on Saturday that his country is at war with cryptocurrency.

The United Arab Emirates central bank sees increased risks of illicit financial flows emerging from the Covid-19 pandemic.

The Lebanese government will restart negotiations with the IMF and begin reforms demanded by donors to end corruption after a year of political and economic turmoil plunging many of the population into poverty.

Almost one year after the UAE formally recognised Israel, the Gulf state said it is looking to expand trade with the Jewish state to more than $1 trillion over the next decade.

The desperately needed IMF funds come as an economic crisis has plunged three quarters of the Lebanese population into poverty.

Migrant workers are at the mercy of visa sponsors in Dubai. More than a dozen drivers said two or three co-workers are killed every month.

Afghanistan's former central bank chief warned the country's economy is likely to contract sharply as it faces a shortage of cash.

Poverty in Lebanon has 'drastically increased' over the past year and now affects about 74 percent of the population, the UN Economic and Social Commission for Western Asia (ESCWA) said on Friday.

The company will start with an initial investment of $10 billion, CEO Patrick Pouyanne said at the signing ceremony, adding that engineering work will start "immediately".