Economy

Afghanistan's economy is set to shrink up to 30 percent this year and this is likely to further fuel a refugee crisis that will impact neighbouring countries

The Turkish lira hit an all-time low on Monday, sparking concerns in the country about fiscal stability, with further falls expected.

Valiollah Seif and two of his deputies were jailed for 'disturbing the foreign exchange market, the country's economic climate and mismanagement,' a judiciary spokesman was quoted as saying by state media.

A PIA spokesman cited 'the unprofessional attitude of the Kabul aviation authorities'. The airline's move comes after the Taliban had earlier threatened to block half their flights if the high ticket price was not slashed.

The UAE-South Korea agreement seeks to be a "mutually beneficial liberalization of trade in goods, services and investment", according to a joint statement.

The value of the Lebanese pound has experienced another slump in value against the dollar after a brief period of recovery.

The UAE's economy ministry said that the Gulf state and Syria agreed on future plans to enhance economic cooperation and explore new sectors

The cost of living in Egypt is rising as basic goods like food and fuel jump up in price.

The central bank had just 127 days' worth of foreign money supply at the close of last month.

Saudi-owned Aramco reached a $2 trillion valuation, putting it just behind other giants such as Microsoft and Apple