economy

Moody’s expects Egypt’s economy to grow by 4.4 percent by end of current fiscal year
Business

Moody’s expects Egypt’s economy to grow by 4.4 percent by end of current fiscal year

The Moody’s corporation anticipates the Egyptian economy to grow 4.4 percent by the end of the current fiscal year 2019/2020…
Saudi Arabia faces coronavirus crisis with strong reserves, low debt-minister
Economy

Saudi Arabia faces coronavirus crisis with strong reserves, low debt-minister

CAIRO (Reuters) — Saudi Arabia is facing the global crisis from a position of strength, given its strong financial position…
Coronavirus could cause upheaval across Middle East: Red Cross
Middle East

Coronavirus could cause upheaval across Middle East: Red Cross

GENEVA (Reuters) — Coronavirus outbreaks across the Middle East threaten to shatter the lives of millions of already destitute people…
IMF predicts global recession, forecast for Egypt is positive
Business

IMF predicts global recession, forecast for Egypt is positive

The International Monetary Fund on Tuesday significantly reduced its expectations for global economic growth, anticipating a global recession amid the…
Middle East economies battered by virus, oil prices and conflict
Middle East

Middle East economies battered by virus, oil prices and conflict

DUBAI, United Arab Emirates (AP) — The Middle East, already wracked by high numbers of unemployed youth, unrest, conflict and…
Egypt buys less wheat than anticipated at tender to boost reserves
Business

Egypt buys less wheat than anticipated at tender to boost reserves

* Traders say prices offered were high * Egypt wants to buy 800,000 tonnes from abroad * Rare purchasing tender…
US eyes virus ‘plateau’ as world weighs cautious reboot
World

US eyes virus ‘plateau’ as world weighs cautious reboot

Coronavirus deaths in the hard-hit United States were flat for a second consecutive day, with New York’s governor saying the…
Pandemic a ‘perfect storm’ for South Asia, World Bank says
World

Pandemic a ‘perfect storm’ for South Asia, World Bank says

South Asia is on course for its worst economic performance in 40 years, with decades of progress in the battle…
V-shaped or U-shaped? Some economists upbeat on virus recovery
World

V-shaped or U-shaped? Some economists upbeat on virus recovery

The coronavirus pandemic has hit like a worldwide hurricane, shutting activity in most economies simultaneously, but some forecasters are more…
Iran presses for IMF loan; some business to stay shut despite easing
Middle East

Iran presses for IMF loan; some business to stay shut despite easing

DUBAI (Reuters) – President Hassan Rouhani pressed harder on Wednesday for a US$5 billion emergency IMF loan Iran has sought…
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