economy
Blackout darkens much of Venezuela in latest taste of economic woes
World
March 9, 2019
Blackout darkens much of Venezuela in latest taste of economic woes
Most of Venezuela plunged into darkness on Thursday evening as a blackout served up more misery for people enduring an…
Ghost workers sap Tunisia’s phosphate wealth
Middle East
March 7, 2019
Ghost workers sap Tunisia’s phosphate wealth
METLAOUI, Tunisia – Tunisia’s state phosphate firm CPG pays Abdel-Basset Klifhi a salary of $280 a month, even though he…
OECD cuts global growth forecast over trade, Brexit uncertainty
Economy
March 6, 2019
OECD cuts global growth forecast over trade, Brexit uncertainty
Trade tensions and political uncertainty including Brexit are weighing on the world’s economy, the OECD warned Wednesday as it again…
China cuts taxes, sees ‘tough struggle’ as growth slows
World
March 5, 2019
China cuts taxes, sees ‘tough struggle’ as growth slows
China’s premier warned Tuesday that the country faces a “tough struggle” as he unveiled tax cuts to prop up a…
Prime Minister issues regulation of Egypt’s Sovereign Wealth Fund
Business
March 3, 2019
Prime Minister issues regulation of Egypt’s Sovereign Wealth Fund
Prime Minister Mostafa Madbouly on Thursday issued the basic regulation of Egypt’s Sovereign Wealth Fund (SWF), which the government founded…
India economy seen losing momentum ahead of election
World
February 27, 2019
India economy seen losing momentum ahead of election
NEW DELHI (Reuters) – India’s economy appeared to be losing momentum in the approach to a general election that must…
Police use tear gas on third day of protests in Algeria
Middle East
February 25, 2019
Police use tear gas on third day of protests in Algeria
ALGIERS (Reuters) – Algeria’s police fired tear gas to disperse hundreds of demonstrators on a third straight day of rare…
US dollar exchange rate in Egypt continues to decline
Economy
February 17, 2019
US dollar exchange rate in Egypt continues to decline
On Sunday, the US dollar prices saw a drop of 3 piasters compared to the Egyptian pound. In the National…
Central Bank of Egypt reduces deposit, lending rates by 1 percent
Economy
February 17, 2019
Central Bank of Egypt reduces deposit, lending rates by 1 percent
The Central Bank of Egypt (CBE) on Thursday unexpectedly reduced the deposit rate, overnight lending rate, and the rate of main…
Egypt plans to make New Administrative Capital its first cashless city
Egypt
February 16, 2019
Egypt plans to make New Administrative Capital its first cashless city
Egypt’s Minister of Communications and Information Technology Amr Talaat met with MasterCard Vice Chairman and President Michael Froman on Friday…