economy
White House shifts from raising alarms to reopening country
World
April 23, 2020
White House shifts from raising alarms to reopening country
WASHINGTON (AP) — For weeks, the Trump administration played up the dangers of the coronavirus as it sought to persuade…
Egypt’s Central Bank to ease cash withdrawal limits during Ramadan
Economy
April 22, 2020
Egypt’s Central Bank to ease cash withdrawal limits during Ramadan
Chairman of the Federation of Egyptian Banks (FEB) and President of Banque Misr Mohamed al-Etriby said on Wednesday that the…
Egypt lowers growth target for next fiscal year to 3.5 percent due to coronavirus
Business
April 21, 2020
Egypt lowers growth target for next fiscal year to 3.5 percent due to coronavirus
Egypt has lowered its growth target for fiscal year 2020-2021 to 3.5 percent, down from its original target of 5.8…
Turkish economy to shrink for first time in a decade this year: Reuters poll
Middle East
April 21, 2020
Turkish economy to shrink for first time in a decade this year: Reuters poll
ISTANBUL (Reuters) – Turkey’s economy is expected to contract this year for the first time in over a decade as…
Moody’s expects Egypt’s economy to grow by 4.4 percent by end of current fiscal year
Business
April 21, 2020
Moody’s expects Egypt’s economy to grow by 4.4 percent by end of current fiscal year
The Moody’s corporation anticipates the Egyptian economy to grow 4.4 percent by the end of the current fiscal year 2019/2020…
Saudi Arabia faces coronavirus crisis with strong reserves, low debt-minister
Economy
April 17, 2020
Saudi Arabia faces coronavirus crisis with strong reserves, low debt-minister
CAIRO (Reuters) — Saudi Arabia is facing the global crisis from a position of strength, given its strong financial position…
Coronavirus could cause upheaval across Middle East: Red Cross
Middle East
April 16, 2020
Coronavirus could cause upheaval across Middle East: Red Cross
GENEVA (Reuters) — Coronavirus outbreaks across the Middle East threaten to shatter the lives of millions of already destitute people…
IMF predicts global recession, forecast for Egypt is positive
Business
April 15, 2020
IMF predicts global recession, forecast for Egypt is positive
The International Monetary Fund on Tuesday significantly reduced its expectations for global economic growth, anticipating a global recession amid the…
Middle East economies battered by virus, oil prices and conflict
Middle East
April 15, 2020
Middle East economies battered by virus, oil prices and conflict
DUBAI, United Arab Emirates (AP) — The Middle East, already wracked by high numbers of unemployed youth, unrest, conflict and…
Egypt buys less wheat than anticipated at tender to boost reserves
Business
April 15, 2020
Egypt buys less wheat than anticipated at tender to boost reserves
* Traders say prices offered were high * Egypt wants to buy 800,000 tonnes from abroad * Rare purchasing tender…