economy
Moody’s changes Egypt’s banking system outlook to positive
Economy
October 11, 2018
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
October 10, 2018
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
October 10, 2018
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
October 9, 2018
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
October 7, 2018
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
October 4, 2018
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
September 29, 2018
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
September 28, 2018
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
September 25, 2018
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
September 20, 2018
‘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,…