economy
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…
Egypt third strongest economy in Arab world: Forbes
Business
July 26, 2021
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
July 22, 2021
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
July 15, 2021
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…