economy

A conversation with an old friend
Opinion

A conversation with an old friend

His voice came as it had come every time during nearly thirty years of our friendship, and after months of…
US economy on the brink as time runs low to avert debt default
World

US economy on the brink as time runs low to avert debt default

Washington CNN  —  America is heading close to the brink of a self-imposed economic disaster with the Republican-led House refusing…
European Union upgrades outlook for economy as energy prices retreat
World

European Union upgrades outlook for economy as energy prices retreat

London CNN  —  Questions swirl about the strength of China’s recovery from Covid lockdowns, and there’s talk of recession in…
International credit rating institutions put pressure on Egypt: Expert
Business

International credit rating institutions put pressure on Egypt: Expert

Fitch Ratings on Friday lowered Egypt’s rating by one notch from “B+” to “B”, while converting its outlook to “negative”,…
President El-Sisi directs gov. to contain effects of global economic crunch on Egypt’s economy
Egypt

President El-Sisi directs gov. to contain effects of global economic crunch on Egypt’s economy

President Abdel Fattah El Sisi met on Wednesday 19/4/2023 with the Economic Ministerial Group, as he discussed the current position…
Egypt takes measures to counter high demand for US dollar
Business

Egypt takes measures to counter high demand for US dollar

The Egyptian government is trying to counter high demand for US dollar via new sources of foreign currency. One of…
Egypt’s economy expected to grow 4.2 percent in FY 2022-23: Planning min
Egypt

Egypt’s economy expected to grow 4.2 percent in FY 2022-23: Planning min

Egypt’s economy is expected to grow – according to initial estimates – by 4.2 percent during the first half of…
China is helping to prop up the Russian economy. Here’s how
World

China is helping to prop up the Russian economy. Here’s how

Hong Kong CNN  —  In the year since the Russian invasion of Ukraine, Moscow has been hit by unprecedented Western…
Egypt ranks 3rd globally in gold reserves
Economy

Egypt ranks 3rd globally in gold reserves

Egypt is ranked 3rd globally in gold reserves, Nagy Farag, Advisor to the Minister of Supply for Gold Industry Affairs,…
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