economy
US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years
Business
June 19, 2022
US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years
The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive…
We expect Egypt’s economy to grow by 5.5% this year: Sisi
Egypt
June 18, 2022
We expect Egypt’s economy to grow by 5.5% this year: Sisi
President Abdel Fattah al-Sisi announced Friday that the government expects Egypt’s economy to grow by 5.5 percent during the current…
Britain’s economy is in a bad place. Removing Boris Johnson might help
World
June 7, 2022
Britain’s economy is in a bad place. Removing Boris Johnson might help
London (CNN Business) – Investors don’t usually like political uncertainty. But in the United Kingdom, a shake-up in government could…
Amidst global economic crises, President Sisi reassures Egyptians: ‘We are fine’
Economy
May 11, 2022
Amidst global economic crises, President Sisi reassures Egyptians: ‘We are fine’
Amidst global economic crises, Egyptian President Abdel Fattah al-Sisi reassured his people on Tuesday, saying: “The global crisis is unprecedented…
US dollar climbs to its highest level in 20 years
Economy
May 9, 2022
US dollar climbs to its highest level in 20 years
The US dollar rose to a 20-year high on Monday as a combination of rising US Treasury yields and closures…
America added 428,000 jobs in April
World
May 8, 2022
America added 428,000 jobs in April
New York (CNN Business) – After an electric economic recovery from the pandemic, the job market is showing signs of…
China’s economy is going backwards
World
May 7, 2022
China’s economy is going backwards
Hong Kong (CNN Business) – China’s gigantic services sector just contracted at the second sharpest pace on record as Covid…
Recession fears are mounting. Here’s how to protect your money
World
May 1, 2022
Recession fears are mounting. Here’s how to protect your money
Warnings of a potential recession aren’t surprising given how many tripwires there are in today’s economy. A push by the…
Putin keeps the ruble surging as Russia makes 11th-hour effort to avoid default
World
April 30, 2022
Putin keeps the ruble surging as Russia makes 11th-hour effort to avoid default
New York (CNN Business) – Russian President Vladimir Putin’s efforts to support the ruble continue to pay off — and…
Egypt, South Sudan discuss economic ties
Business
April 26, 2022
Egypt, South Sudan discuss economic ties
Finance Minister Mohamed Maait discussed during a meeting with South Sudan’s Minister of Finance and Planning Agak Achuil and Governor…