economy
Gulf economies seen shrinking sharply in 2020, to pick up in 2021: Reuters poll
Middle East
July 21, 2020
Gulf economies seen shrinking sharply in 2020, to pick up in 2021: Reuters poll
DUBAI (Reuters) — Economic activity in the Gulf will contract sharply this year before recovering in 2021, hit by the…
Coronavirus measures cause declining incomes for 74% of Egyptians: CAPMAS
Egypt
July 20, 2020
Coronavirus measures cause declining incomes for 74% of Egyptians: CAPMAS
Egypt’s coronavirus measures have caused declining incomes for approximately 74 percent of the population, said a consultant to the Central…
Major Beirut medical centre lays off hundreds as crisis bites
Middle East
July 18, 2020
Major Beirut medical centre lays off hundreds as crisis bites
BEIRUT (Reuters) – Zawqan Abdelkhalek, a nurse at the American University of Beirut’s (AUB) medical centre since 2012, was laid…
US dollar to Egyptian pound exchange rates show slight increase
Egypt
July 15, 2020
US dollar to Egyptian pound exchange rates show slight increase
US dollar to Egyptian pound exchange rates at the Central Bank of Egypt (CBE) increased by one piaster on Monday,…
Officials deny social media claims of replacement for Egypt’s LE10 bank notes
Business
July 15, 2020
Officials deny social media claims of replacement for Egypt’s LE10 bank notes
Egypt’s cabinet back in January debunked news circulating on social media claiming that the LE10 banknotes issued by the Central…
US dollar to Egyptian pound exchange rates continue to decline
Business
July 13, 2020
US dollar to Egyptian pound exchange rates continue to decline
US dollar to Egyptian pound exchange rates at the Central Bank of Egypt continued declining at an average of two…
Dubai announces new coronavirus economic support worth over $400 million
Middle East
July 11, 2020
Dubai announces new coronavirus economic support worth over $400 million
DUBAI (Reuters) – Dubai has announced a new package worth 1.5 billion dirhams ($408 million) to help the economy cope…
Hottest commodity in Lebanon’s economic chaos: The US dollar
Middle East
July 8, 2020
Hottest commodity in Lebanon’s economic chaos: The US dollar
BEIRUT (AP) — The lines snaked around the block. Then they swelled to fill the whole street, before they turned…
PM Johnson demands Britain ‘Build, build, build’ to beat COVID-19 slump
World
June 30, 2020
PM Johnson demands Britain ‘Build, build, build’ to beat COVID-19 slump
LONDON (Reuters) – Prime Minister Boris Johnson promised to shake Britain’s economy out of its coronavirus-induced crisis on Tuesday, by…
No movement on Thursday in US dollar exchange rates in Egyptian banks
Economy
June 25, 2020
No movement on Thursday in US dollar exchange rates in Egyptian banks
The US dollar maintained its price against the Egyptian pound on Thursday, following a slight decline on Wednesday. The US…