economy

Sudan officials, Saudi crown prince talk Red Sea investments
Middle East

Sudan officials, Saudi crown prince talk Red Sea investments

DUBAI, United Arab Emirates (AP) — Sudan’s prime minister and Saudi Arabia’s powerful crown prince met Wednesday to discuss Saudi…
Fitch Ratings affirms Egypt’s ‘B+’ with stable outlook
Economy

Fitch Ratings affirms Egypt’s ‘B+’ with stable outlook

American credit rating agency Fitch Ratings affirmed on Wednesday Egypt’s Long-Term Foreign Currency Issuer Default Rating (IDR) at ‘B+’, with…
National Bank of Egypt’s foreign currency exchange rates for Wednesday
Business

National Bank of Egypt’s foreign currency exchange rates for Wednesday

Wednesday’s exchange rates for foreign currencies at the National Bank of Egypt are as follows: The US dollar is LE15.67…
Oil prices fall as Saudi supply risks abate, stronger dollar
Middle East

Oil prices fall as Saudi supply risks abate, stronger dollar

SINGAPORE (Reuters) – Oil prices fell on Tuesday, reversing earlier gains, on receding fears of a supply disruption in Saudi…
Explainer-Why protests are shaking one of Africa’s most stable democracies
World

Explainer-Why protests are shaking one of Africa’s most stable democracies

DAKAR (Reuters) – Clashes between police and thousands of demonstrators protesting at the detention of Senegal’s most prominent opposition leader…
With many vaccinated, Israel reopens economy before election
Middle East

With many vaccinated, Israel reopens economy before election

JERUSALEM (AP) — Israel reopened most of its economy Sunday as it removed many of its remaining coronavirus lockdown restrictions,…
Egyptian agricultural exports reached $144.3 mn in November 2020: CAPMAS
Business

Egyptian agricultural exports reached $144.3 mn in November 2020: CAPMAS

Egypt’s exports of agricultural products witnessed an increase between November 2019 and 2020 of US$15.5 million, according to data issues…
Aramco seeks one-year extension on $10 billion loan: sources
Middle East

Aramco seeks one-year extension on $10 billion loan: sources

DUBAI (Reuters) – Saudi Aramco has asked banks to extend by a year a $10 billion loan it raised last…
Sudan floats currency, part of measures to overhaul economy
Middle East

Sudan floats currency, part of measures to overhaul economy

CAIRO (AP) — Sudan took the unprecedented but expected step of floating its currency Sunday, meeting a major demand by…
Egypt’s gold prices increase by LE7 on Tuesday
Business

Egypt’s gold prices increase by LE7 on Tuesday

Egypt’s gold prices on Tuesday rose by seven Egyptian pounds to record new gold prices as a result of Valentine’s…
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