economy
UN agency: Israel’s Gaza blockade has devastated economy
Egypt
November 26, 2020
UN agency: Israel’s Gaza blockade has devastated economy
JERUSALEM (AP) — Israel’s blockade of the Hamas-ruled Gaza Strip has cost the seaside territory as much as US$16.7 billion…
Japan cuts capex view, says overall conditions remain severe in November report
World
November 25, 2020
Japan cuts capex view, says overall conditions remain severe in November report
TOKYO (Reuters) – Japan’s government cut its view on capital spending in November for the fifth time this year as…
COVID-19 exposed Kenya’s debt vulnerability though measures helped – IMF
World
November 21, 2020
COVID-19 exposed Kenya’s debt vulnerability though measures helped – IMF
NAIROBI (Reuters) – COVID-19 has exposed Kenya’s debt vulnerabilities though official measures including monetary policy easing have helped shield the…
Lebanon hires firm to clear dangerous material from shattered Beirut port
Middle East
November 20, 2020
Lebanon hires firm to clear dangerous material from shattered Beirut port
BEIRUT (Reuters) – Lebanon’s authorities signed a contract this month with a German company to clear dangerous material stored for…
UN: Pandemic tough on millions of Mideast, North African children
Middle East
November 20, 2020
UN: Pandemic tough on millions of Mideast, North African children
CAIRO (AP) — The global pandemic and ensuing lockdown have taken their toll on the mental and physical well-being of…
Locked-down France inches toward ‘Black Friday’ postponement
World
November 20, 2020
Locked-down France inches toward ‘Black Friday’ postponement
PARIS (AP) — France’s government was working Friday to get supermarket chains and e-commerce platforms to agree to a week-long…
Egyptian Center for Economic Studies expects tourism will recover in H1 2021
Egypt
November 20, 2020
Egyptian Center for Economic Studies expects tourism will recover in H1 2021
A report by the Egyptian Center for Economic Studies optimistically predicted a recovery in Egypt’s tourism sector in the first…
Egypt’s local development minister points out ‘silver lining’ in cabinet-mandated commercial business hours
Egypt
November 20, 2020
Egypt’s local development minister points out ‘silver lining’ in cabinet-mandated commercial business hours
The Egyptian Minister of Local Development, Mahmoud Shaarawy, praised the Cabinet’s decision to set opening and closing hours for retail…
Gold prices take another dive in Egyptian market, 21-karat falls LE5 to LE818
Business
November 17, 2020
Gold prices take another dive in Egyptian market, 21-karat falls LE5 to LE818
Gold prices dropped agian in Egypt on Tuesday, as the price of 21-karat gold (the market’s highest selling gold) fell…
OPEC+ starts meetings to weigh further steps to support market
Middle East
November 16, 2020
OPEC+ starts meetings to weigh further steps to support market
LONDON (Reuters) – The Organization of Petroleum Exporting Countries and allies started meetings on Monday that will look at further…