economy
Egypt’s unemployment rate down to 9.9%: CAPMAS
Business
August 15, 2018
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
August 14, 2018
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
August 13, 2018
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
August 13, 2018
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
August 10, 2018
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
August 10, 2018
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
August 10, 2018
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
August 9, 2018
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
August 8, 2018
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
August 7, 2018
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…