economy

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…
Egypt third strongest economy in Arab world: Forbes
Business

Egypt third strongest economy in Arab world: Forbes

Forbes magazine published a classification of the strongest Arab economies in 2021, with Saudi Arabia in first place and Egypt…
Egypt ranks 4th on Economist’s index tracking return to pre-pandemic life
Business

Egypt ranks 4th on Economist’s index tracking return to pre-pandemic life

Minister of International Cooperation Rania al-Mashat praised Egypt’s ranking on the Economist magazine’s Global Normalcy Index, which tracks the global…
Thursday’s US dollar to Egyptian pound exchange rates
Business

Thursday’s US dollar to Egyptian pound exchange rates

The US dollar to Egyptian pound exchange rate remained stable on Wednesday at the Central Bank of Egypt, recording LE15.64…
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