economic reform

Saudi crown prince defends austerity steps, social loosening
Middle East

Saudi crown prince defends austerity steps, social loosening

DUBAI, United Arab Emirates (AP) — Crown Prince Mohammed bin Salman laid out a vigorous defense of his domestic policies…
Fitch Ratings affirms Egypt’s ‘B+’ with stable outlook
Economy

Fitch Ratings affirms Egypt’s ‘B+’ with stable outlook

American credit rating agency Fitch Ratings affirmed on Wednesday Egypt’s Long-Term Foreign Currency Issuer Default Rating (IDR) at ‘B+’, with…
UK backs Sudan economic reforms with over $50 million
Middle East

UK backs Sudan economic reforms with over $50 million

CAIRO (AP) — Britain’s foreign secretary announced Thursday that his government would offer more than $50 million to help poor…
Saudi will strike those who threaten its security, crown prince warns
Middle East

Saudi will strike those who threaten its security, crown prince warns

RIYADH (Reuters) – Saudi Arabia will strike those who threaten the kingdom’s security and stability with an “iron fist”, the…
CBE: Local currency limit for passengers entering and exiting Egypt remains at LE5,000
Business

CBE: Local currency limit for passengers entering and exiting Egypt remains at LE5,000

The Central Bank of Egypt (CBE) on Thursday maintained the maximum limit of banknotes travelers allowed to carry while entering…
Egypt’s Sisi issues decree to approve $2.7 billion IMF funding agreement for combating coronavirus impact
Economy

Egypt’s Sisi issues decree to approve $2.7 billion IMF funding agreement for combating coronavirus impact

Egypt’s official gazette published on Thursday Presidential Decree no.177, which ratifies the US$2.7 billion funding agreement signed earlier this year…
Egypt launches school supplies initiative for the underprivileged
Egypt

Egypt launches school supplies initiative for the underprivileged

Under the order of President Abdel Fattah al-Sisi, the Ministry of Interior instituted on Thursday a new plan under Egypt’s…
Egypt lowers growth target for next fiscal year to 3.5 percent due to coronavirus
Business

Egypt lowers growth target for next fiscal year to 3.5 percent due to coronavirus

Egypt has lowered its growth target for fiscal year 2020-2021 to 3.5 percent, down from its original target of 5.8…
Mashat discusses cooperation between Egypt, World Bank during visit to US
Business

Mashat discusses cooperation between Egypt, World Bank during visit to US

Egypt’s Minister of International Cooperation Rania al-Mashat met with President of the World Bank Group David Malpass during her official…
Finance Minister expresses pride in Egypt’s economic performance
Economy

Finance Minister expresses pride in Egypt’s economic performance

During a press conference on Wednesday at the Cabinet headquarters to announce the Cabinet’s economic performance, Minister of Finance Mohamed…
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