economy

Egypt among emerging markets most likely to maintain positive GDP outlook: Fitch
Business

Egypt among emerging markets most likely to maintain positive GDP outlook: Fitch

Egypt is one of the few major emerging markets to maintain its positive Growth Domestic Product (GDP) outlook despite the…
Upcoming Egypt-Jordan-Iraq summit in Amman set to strengthen cooperation
Egypt

Upcoming Egypt-Jordan-Iraq summit in Amman set to strengthen cooperation

The Jordanian News Agency (Petra) announced Saturday that a tripartite summit will be held between Jordanian King Abdullah II, Egyptian…
European economic rebound slows as virus cases rise
World

European economic rebound slows as virus cases rise

LONDON (AP) — The European economy’s rebound from the coronavirus recession appears to have slowed in August as a resurgence…
Unemployment in Egypt up 1.9% in 2nd quarter of 2020 due to COVID-19: CAPMAS
Business

Unemployment in Egypt up 1.9% in 2nd quarter of 2020 due to COVID-19: CAPMAS

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) announced that the nation’s unemployment rate has increased to a total…
Gone for good? Evidence signals many jobs aren’t coming back
World

Gone for good? Evidence signals many jobs aren’t coming back

WASHINGTON (AP) — Stark evidence of the damage the resurgent viral outbreak has caused the US economy could come Friday…
Egypt’s private economic activity hits 1-year high – PMI
Economy

Egypt’s private economic activity hits 1-year high – PMI

CAIRO, Aug 5 (Reuters) — A contraction in Egypt’s non-oil private sector slowed to its lowest rate in a year…
Turkish annual inflation falls to 11.76% in July
Middle East

Turkish annual inflation falls to 11.76% in July

ISTANBUL (Reuters) — Turkey’s consumer price inflation fell to a lower-than-expected 11.76 percent year-on-year in July, the Turkish Statistical Institute…
Iran’s stock market surges past key level to record high, as analysts warn of bubble
Middle East

Iran’s stock market surges past key level to record high, as analysts warn of bubble

DUBAI (Reuters) – Iran’s main stock index broke through the key two million point mark for the first time ever…
US dollar to Egyptian pound exchange rate remain stable
Economy

US dollar to Egyptian pound exchange rate remain stable

US dollar to Egyptian pound exchange rates remained stable on Thursday at the Central Bank of Egypt, recording LE15.93 for…
UN: Arab economies to shrink by 5.7% amid virus fallout
Economy

UN: Arab economies to shrink by 5.7% amid virus fallout

BEIRUT (AP) — The pandemic will exact a heavy toll on Arab countries, causing an economic contraction of 5.7 percent…
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