economy

Egypt’s unemployment rate down to 9.9%: CAPMAS
Business

Egypt’s unemployment rate down to 9.9%: CAPMAS

  Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Wednesday that the unemployment rate has dropped to…
White House adviser Hassett: U.S. monitoring Turkey situation ‘very closely’
Middle East

White House adviser Hassett: U.S. monitoring Turkey situation ‘very closely’

WASHINGTON (Reuters) – White House economic adviser Kevin Hassett said on Monday the Trump administration is monitoring the financial situation…
Trump trade rows are ‘destroying’ growth, says German minister
Business

Trump trade rows are ‘destroying’ growth, says German minister

  Germany’s economy minister on Sunday lashed out at US President Donald Trump, slamming his global trade rows and efforts…
Turkey prepares action plan for banks and businesses to tackle economic woes
Middle East

Turkey prepares action plan for banks and businesses to tackle economic woes

Turkey’s lira hit record lows against the US dollar as the president spoke out again against raising interest rates. But…
Erdogan says will defend Turkey against economic attacks
Middle East

Erdogan says will defend Turkey against economic attacks

ISTANBUL (Reuters) – President Tayyip Erdogan pledged on Friday to defend Turkey against economic attacks and said increasing production, exports…
Egypt’s annual core inflation down to 8.5%: CBE
Business

Egypt’s annual core inflation down to 8.5%: CBE

Egypt’s annual core inflation rate witnessed a decrease from 10.9 percent in June to 8.45 percent in July, according to…
Parliament approves Egypt’s first sovereign wealth fund
Economy

Parliament approves Egypt’s first sovereign wealth fund

Egypt’s parliament has agreed to establish a government-operated sovereign wealth fund to help boost the economy, in a move deemed…
Suez zone claims LE2.13 billion profit in 2017/2018
Business

Suez zone claims LE2.13 billion profit in 2017/2018

The Suez Canal Economic Zone (SCZone) made a net profit of LE2.13 billion in the fiscal year 2017/2018, with an…
Turkish lira weakens again, eyes on Washington talks
Middle East

Turkish lira weakens again, eyes on Washington talks

ANKARA/ISTANBUL (Reuters) – Turkey’s lira weakened against the dollar on Wednesday, hit by concern about President Tayyip Erdogan’s grip on…
Lebanese central bank says pound stable, urges fiscal reform
Middle East

Lebanese central bank says pound stable, urges fiscal reform

BEIRUT (Reuters) – Lebanon’s pound is stable and the central bank has the means to defend its stability, central bank…
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