economy
Egypt faces up to US$1.9 mn in daily losses due to UK’s ‘Red List’ designation: WTTC
Egypt
August 17, 2021
Egypt faces up to US$1.9 mn in daily losses due to UK’s ‘Red List’ designation: WTTC
The World Travel and Tourism Council (WTTC) warned that placing Egypt on the UK’s red list for travel could be…
Bahrain government deficit down 35% in H1 2021 – ministry
Middle East
August 17, 2021
Bahrain government deficit down 35% in H1 2021 – ministry
CAIRO, Aug 16 (Reuters) – Bahrain’s government deficit reached 520 million Dinars ($1.38 billion) in the first half of 2021,…
China economy under pressure as factory output, retail sales growth slow sharply
World
August 16, 2021
China economy under pressure as factory output, retail sales growth slow sharply
BEIJING, Aug 16 (Reuters) – China’s factory output and retail sales growth slowed sharply and missed expectations in July, as…
Kuwait’s economic makeover under threat as small businesses fight for life
Middle East
August 12, 2021
Kuwait’s economic makeover under threat as small businesses fight for life
KUWAIT, Aug 12 (Reuters) – Thousands of small and medium Kuwaiti businesses could go to the wall after being walloped…
SCZone: Russian Industrial Zone will be first of its kind for Moscow
Business
August 11, 2021
SCZone: Russian Industrial Zone will be first of its kind for Moscow
Head of the Suez Canal Economic Zone (SCZone) Yahya Zaki said on Tuesday that the Russian Industrial Zone (RIZ), which…
Kuwait’s 2020-21 budget deficit increases 175 percent to record 10.8 bln dinars
Middle East
August 7, 2021
Kuwait’s 2020-21 budget deficit increases 175 percent to record 10.8 bln dinars
CAIRO, Aug 7 (Reuters) – Kuwait’s budget deficit increased 174.8 percent in the 2020-21 year to 10.8 billion dinars ($35.5…
On Tunisian streets, economic worries and political fury
Middle East
August 5, 2021
On Tunisian streets, economic worries and political fury
Wadi bin Soleiman taps at his mobile phone. He’s sitting on his chair, inside his ceramics store in the historic…
Egyptian expatriate remittances expected to reach US$30 billion
Business
August 2, 2021
Egyptian expatriate remittances expected to reach US$30 billion
Egypt’s economic and social development plan for the fiscal year 2021/22, which was approved by the House of Representatives, predicted…
Moody’s keeps Egypt’s credit rating at B2 with Stable Outlook
Business
August 1, 2021
Moody’s keeps Egypt’s credit rating at B2 with Stable Outlook
Egyptian Finance Minister Mohamed Maait announced Saturday that the Moody’s credit rating institute has kept Egypt’s credit rating in both…
Gulf rebound set as Saudi Arabia, UAE seen topping 4% growth in 2022
Middle East
July 26, 2021
Gulf rebound set as Saudi Arabia, UAE seen topping 4% growth in 2022
CAIRO, July 26 (Reuters) – The six economies in the Gulf Cooperation Council (GCC) are set to rebound and grow…