economy

Egypt faces up to US$1.9 mn in daily losses due to UK’s ‘Red List’ designation: WTTC
Egypt

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

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

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

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

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

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

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

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

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

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…
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