economy
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…
Saudi Aramco hires banks for multi-tranche bond deal
Middle East
November 16, 2020
Saudi Aramco hires banks for multi-tranche bond deal
DUBAI (Reuters) – Saudi Aramco said on Monday it has hired a group of banks ahead of a multi-tranche US dollar-denominated…
Egypt climbs 55 ranks up Government AI Readiness Index
Technology
November 13, 2020
Egypt climbs 55 ranks up Government AI Readiness Index
Egypt has progressed 55 ranks on the Government AI Readiness Index since last year, weighing in at number 56 out…
Egypt’s central bank cuts interest rates by 50 basis points
Economy
November 13, 2020
Egypt’s central bank cuts interest rates by 50 basis points
Egypt’s central bank cut its main interest rates by 50 basis points on Thursday, moving to support an economy badly…
AMAY chairman denies Salah Diab has given up his share in the newspaper
Egypt
November 13, 2020
AMAY chairman denies Salah Diab has given up his share in the newspaper
Chairman of the Board of Directors of Al-Masry Al-Youm (AMAY) newspaper Abdel Moneim Saeed denied that businessman and AMAY founder…