economy

Moody’s changes Egypt’s banking system outlook to positive
Economy

Moody’s changes Egypt’s banking system outlook to positive

  Rating agency Moody’s announced Wednesday that it has upgraded its outlook for Egypt’s banking system to positive from stable.…
Lebanon’s Berri cites ‘positive atmosphere’ over government: al-Manar
Middle East

Lebanon’s Berri cites ‘positive atmosphere’ over government: al-Manar

  BEIRUT (Reuters) – Lebanese Parliament Speaker Nabih Berri said on Wednesday some saw “a positive, promising atmosphere” in talks…
Oil dips as IMF cuts growth outlook; eyes on hurricane
Middle East

Oil dips as IMF cuts growth outlook; eyes on hurricane

  LONDON (Reuters) – Oil prices slipped on Wednesday after the IMF lowered its global growth forecasts, but markets were…
IMF expects Egyptian economy to grow 5.3% in 2018
Economy

IMF expects Egyptian economy to grow 5.3% in 2018

  The International Monetary Fund (IMF) expects Egypt’s economy to grow by 5.3 percent in 2018 and 5.5 percent in…
Egypt’s foreign investments rank first in Africa, valued at $7.4bn: COMESA
Egypt

Egypt’s foreign investments rank first in Africa, valued at $7.4bn: COMESA

  COMESA Regional Investment Agency’s Chief Executive Officer (CEO) Heba Salama said on Sunday that Egypt ranked first among the…
Egypt GDP may increase 5.8 percent in 2020: World Bank
Egypt

Egypt GDP may increase 5.8 percent in 2020: World Bank

  Egypt’s Gross Domestic Product is estimated to grow at a rate of 5.8 in the year 2020, according to…
Egypt keeps customs exchange rate at LE16 per US dollar for October
Business

Egypt keeps customs exchange rate at LE16 per US dollar for October

  Egypt’s Finance Minister Mohamed Maeet announced on Saturday that the exchange rate of the customs dollar will continue to…
Egypt unemployment rate drops to 11.3%, official says
Egypt

Egypt unemployment rate drops to 11.3%, official says

  Egypt’s unemployment rate has fallen an unprecedented 11.3 percent in 2017/2018, and is expected to further drop to 8.4…
World Bank report warns Gaza Strip economy is in ‘free fall’
Middle East

World Bank report warns Gaza Strip economy is in ‘free fall’

  JERUSALEM (AP) — The Gaza Strip’s economy is in “free fall,” a report from the World Bank warned Tuesday,…
‘High uncertainty’ hurting global growth, OECD says
World

‘High uncertainty’ hurting global growth, OECD says

  Global expansion is likely to slow as tensions kickstarted by US President Donald Trump’s protectionist policies hit world trade,…
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