economy
Egypt to apply $152.4 minimum wage rate for 20 million workers in private sector starting 2022
Egypt
December 23, 2021
Egypt to apply $152.4 minimum wage rate for 20 million workers in private sector starting 2022
Egypt will apply the minimum wage for workers in private sector companies starting 2022, at a value of LE2,400 (US$152.4)…
Central Bank of Egypt issues treasury bonds worth LE 14.5 billion on Monday
Business
December 21, 2021
Central Bank of Egypt issues treasury bonds worth LE 14.5 billion on Monday
The Central Bank of Egypt on Monday issued treasury bonds worth LE14.5 billion, in coordination with Finance Ministry, to finance…
Investors flee U.S. corporate junk debt on inflation, Omicron concerns
World
December 4, 2021
Investors flee U.S. corporate junk debt on inflation, Omicron concerns
CHICAGO, Dec 2 (Reuters) – Worries over surging inflation and a new variant of the coronavirus are roiling the U.S.…
Turkey economy grew 7.4% in Q3; lira clouds outlook
Middle East
November 30, 2021
Turkey economy grew 7.4% in Q3; lira clouds outlook
ISTANBUL, Nov 30 (Reuters) – Turkey’s economy grew 7.4% year-on-year in the third quarter, meeting expectations on the strength of…
Food, gas prices pinch families as inflation surges globally
World
November 29, 2021
Food, gas prices pinch families as inflation surges globally
BUDAPEST, Hungary (AP) — From appliance stores in the United States to food markets in Hungary and gas stations in…
Egypt’s economy is expected to grow by 5.6% in 2022
Business
November 23, 2021
Egypt’s economy is expected to grow by 5.6% in 2022
Egypt’s economy is expected to grow by 5.6 percent in the fiscal year 2021-2022, Minister of Planning Hala Al-Saeed said…
Turkish opposition calls for early election amid lira meltdown
Middle East
November 19, 2021
Turkish opposition calls for early election amid lira meltdown
ANKARA, Nov 18 (Reuters) – Turkish opposition leaders called for immediate early elections on Thursday after the lira plunged 6%…
Christmas in Bethlehem: Gilded treasures, but few tourists
Middle East
November 19, 2021
Christmas in Bethlehem: Gilded treasures, but few tourists
BETHLEHEM, West Bank (AP) — Ahead of Christmas, a towering wooden screen — once blackened with soot from millions of…
Where are the workers? Cutoff of jobless aid spurs no influx
World
October 23, 2021
Where are the workers? Cutoff of jobless aid spurs no influx
INDIANAPOLIS (AP) — Earlier this year, an insistent cry arose from business leaders and Republican governors: Cut off a $300-a-week…
UBS eyes Mideast expansion with new wealth desk in Dubai -memo
Middle East
October 22, 2021
UBS eyes Mideast expansion with new wealth desk in Dubai -memo
DUBAI, Oct 21 (Reuters) – UBS (UBSG.S) will establish a new wealth desk in Dubai that will add coverage of…