economy

China’s economy had a good first quarter. Lockdowns leave it ‘in distress’
World

China’s economy had a good first quarter. Lockdowns leave it ‘in distress’

Hong Kong (CNN Business) – China’s economy made a solid start to the year, recording first quarter growth that surpassed…
UK inflation hits 30-year high of 7 percent
World

UK inflation hits 30-year high of 7 percent

London – British consumer price inflation leaped to its highest level in three decades last month, intensifying the pressure on…
What jobs crisis? Top Chinese regulator says tech is booming
World

What jobs crisis? Top Chinese regulator says tech is booming

Hong Kong (CNN Business) – One of the regulators behind China’s dramatic crackdown on private enterprise has tried to quell…
War could destroy nearly half of Ukraine’s economy this year
World

War could destroy nearly half of Ukraine’s economy this year

Hong Kong (CNN Business) – Ukraine could lose almost half of its economy this year as a result of Russia’s…
US dollar exchange rate in Egypt maintains stable prices
Egypt

US dollar exchange rate in Egypt maintains stable prices

The National Bank of Egypt announced the update of currency rates on Monday. The US dollar maintained stable price:s while…
Asia faces three big economic shocks: War in Ukraine, China and the Fed
World

Asia faces three big economic shocks: War in Ukraine, China and the Fed

Hong Kong (CNN Business) – The World Bank said on Tuesday that countries in Asia may have to deal with…
Middle East oil exporters are cashing in as Ukraine war hits global economy
Middle East

Middle East oil exporters are cashing in as Ukraine war hits global economy

Abu Dhabi, UAE (CNN) – The Ukraine war is wreaking havoc on the world economy, but in the Middle East…
China’s economy hit by double whammy in March
World

China’s economy hit by double whammy in March

Beijing – Activity in Chinese manufacturing and services simultaneously contracted in March for the first time since the height of…
Egypt’s government coordinates with the Chambers of Commerce to set prices
Egypt

Egypt’s government coordinates with the Chambers of Commerce to set prices

Egypt’s government announced that the Federation of Egyptian Chambers of Commerce (FEDCOC) is committed to price stability in accordance with…
US dollar exchange rate continues to increase against Egyptian pound
Business

US dollar exchange rate continues to increase against Egyptian pound

The exchange rate of the US dollar against the Egyptian pound continued to increase on Tuesday’s morning trading, reaching LE18.53.…
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