economy
Germany eyes accelerated return to normality
World
May 6, 2020
Germany eyes accelerated return to normality
Germany is eyeing an almost complete return to normality in May, with plans to send all pupils back to school…
Australia ‘losing $2.5 bn a week’ in virus shutdown
World
May 5, 2020
Australia ‘losing $2.5 bn a week’ in virus shutdown
Australia’s economy is losing Aus$4 billion (US$2.5 billion) every week its virus shutdown continues, with GDP forecast to plunge 10…
Little suspense as Fed meets with US economy in crisis
World
April 26, 2020
Little suspense as Fed meets with US economy in crisis
The Federal Reserve already cut its benchmark lending rate to zero and made unprecedented moves to bolster liquidity as the…
Iran, like wider Middle East, relies on deliveries amid pandemic
Middle East
April 24, 2020
Iran, like wider Middle East, relies on deliveries amid pandemic
TEHRAN, Iran (AP) — For some US$15 a day, deliverymen don masks and gloves in Iran’s capital to zip across…
White House shifts from raising alarms to reopening country
World
April 23, 2020
White House shifts from raising alarms to reopening country
WASHINGTON (AP) — For weeks, the Trump administration played up the dangers of the coronavirus as it sought to persuade…
Egypt’s Central Bank to ease cash withdrawal limits during Ramadan
Economy
April 22, 2020
Egypt’s Central Bank to ease cash withdrawal limits during Ramadan
Chairman of the Federation of Egyptian Banks (FEB) and President of Banque Misr Mohamed al-Etriby said on Wednesday that the…
Egypt lowers growth target for next fiscal year to 3.5 percent due to coronavirus
Business
April 21, 2020
Egypt lowers growth target for next fiscal year to 3.5 percent due to coronavirus
Egypt has lowered its growth target for fiscal year 2020-2021 to 3.5 percent, down from its original target of 5.8…
Turkish economy to shrink for first time in a decade this year: Reuters poll
Middle East
April 21, 2020
Turkish economy to shrink for first time in a decade this year: Reuters poll
ISTANBUL (Reuters) – Turkey’s economy is expected to contract this year for the first time in over a decade as…
Moody’s expects Egypt’s economy to grow by 4.4 percent by end of current fiscal year
Business
April 21, 2020
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
April 17, 2020
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…