economy

Egypt’s foreign investments rank first in Africa, valued at $7.4bn: COMESA
Egypt

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

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

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

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

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

‘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

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

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

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

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…
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