economy

Italy warns of disaster if Europe rejects its budget: paper
Business

Italy warns of disaster if Europe rejects its budget: paper

Italy's economy minister said on Sunday the European Union must choose between allowing Rome to raise its deficit to cope…
Britain’s banks to reveal solid third-quarter results, warn of Brexit storm ahead
Business

Britain’s banks to reveal solid third-quarter results, warn of Brexit storm ahead

Britain's major banks are set to report stronger-than-expected results this week, confounding expectations that political and economic upheaval caused by…
Egypt’s annual inflation drops to 14.6% in September: CAPMAS
Business

Egypt’s annual inflation drops to 14.6% in September: CAPMAS

Egypt's annual inflation rate dropped to 14.6 percent in September down from 16.4 percent in August, the state statistics agency…
Egypt to boost subsidies on household goods to balance currency devaluation
Egypt

Egypt to boost subsidies on household goods to balance currency devaluation

The Egyptian government is planning to increase subsidies on household goods to prevent soaring prices resulting from an imminent currency…
100 days after Brexit vote: No meltdown (yet)
Business

100 days after Brexit vote: No meltdown (yet)

Britain voted 100 days ago to leave the European Union, but the U.K. economy appears to be humming along nicely…
German government believes Trump would ravage U.S. economy: Spiegel
Business

German government believes Trump would ravage U.S. economy: Spiegel

Germany's economy ministry believes a Donald Trump presidency would severely damage the U.S.
US dollar hits LE13.10 on black market after Sisi’s speech
Business

US dollar hits LE13.10 on black market after Sisi’s speech

Foreign exchange traders working on Egypt's black market said the price of the US dollar jumped to more than LE13…
Sisi launches ‘spare change’ initiative to fund national projects
Egypt

Sisi launches ‘spare change’ initiative to fund national projects

Egyptian President Abdel Fattah al-Sisi has announced his third major initiative to support the Egyptian economy by directing money from…
Egypt, India to discuss mega projects, medical city
Business

Egypt, India to discuss mega projects, medical city

President Abdel Fattah al-Sisi begins a three-day visit to New Delhi on September 1 for talks with Prime Minister Narendra…
Welspun scandal follows years of plummeting Egyptian cotton output
Business

Welspun scandal follows years of plummeting Egyptian cotton output

A scandal involving the alleged sale of falsely labeled Egyptian cotton products by an Indian textile manufacturer to U.S.
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