economy
Egypt’s foreign investments rank first in Africa, valued at $7.4bn: COMESA
Egypt
October 7, 2018
Egypt’s foreign investments rank first in Africa, valued at $7.4bn: COMESA
COMESA Regional Investment Agency’s Chief Executive Officer (CEO) Heba Salama said on Sunday that Egypt ranked first among the…
Egypt GDP may increase 5.8 percent in 2020: World Bank
Egypt
October 4, 2018
Egypt GDP may increase 5.8 percent in 2020: World Bank
Egypt’s Gross Domestic Product is estimated to grow at a rate of 5.8 in the year 2020, according to…
Egypt keeps customs exchange rate at LE16 per US dollar for October
Business
September 29, 2018
Egypt keeps customs exchange rate at LE16 per US dollar for October
Egypt’s Finance Minister Mohamed Maeet announced on Saturday that the exchange rate of the customs dollar will continue to…
Egypt unemployment rate drops to 11.3%, official says
Egypt
September 28, 2018
Egypt unemployment rate drops to 11.3%, official says
Egypt’s unemployment rate has fallen an unprecedented 11.3 percent in 2017/2018, and is expected to further drop to 8.4…
World Bank report warns Gaza Strip economy is in ‘free fall’
Middle East
September 25, 2018
World Bank report warns Gaza Strip economy is in ‘free fall’
JERUSALEM (AP) — The Gaza Strip’s economy is in “free fall,” a report from the World Bank warned Tuesday,…
‘High uncertainty’ hurting global growth, OECD says
World
September 20, 2018
‘High uncertainty’ hurting global growth, OECD says
Global expansion is likely to slow as tensions kickstarted by US President Donald Trump’s protectionist policies hit world trade,…
Turkey sees lower growth, double-digit inflation in next years
Middle East
September 20, 2018
Turkey sees lower growth, double-digit inflation in next years
Turkey, which was last month buffeted by its worst currency crisis in recent years, on Thursday forecast sharply lower…
OPEC chief: Cartel must stay together as US sanctions Iran
Middle East
September 18, 2018
OPEC chief: Cartel must stay together as US sanctions Iran
FUJAIRAH, United Arab Emirates (AP) — OPEC must stick together for the good of the global economy as founding…
Saudi sovereign wealth fund takes $11B in its first loan
Middle East
September 17, 2018
Saudi sovereign wealth fund takes $11B in its first loan
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s sovereign wealth fund says it has taken its first loan, a…
A year after US sanctions ended, Sudan’s economy unravels
Middle East
September 17, 2018
A year after US sanctions ended, Sudan’s economy unravels
KHARTOUM (Reuters) – For 22 years Mohamed Mahmoud deposited his law practice’s cash in a bank near his Khartoum…