economy
Egypt takes measures to counter high demand for US dollar
Business
March 22, 2023
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
March 15, 2023
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
February 26, 2023
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
February 9, 2023
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,…
Global economic outlook slightly ‘less gloomy,’ Europe ekes out growth
World
January 31, 2023
Global economic outlook slightly ‘less gloomy,’ Europe ekes out growth
London CNN — The global economy will weaken this year as rising interest rates and Russia’s war in Ukraine continue…
PM: Egypt seeks positive economic outlook in 2023
Egypt
January 30, 2023
PM: Egypt seeks positive economic outlook in 2023
Prime Minister Moustafa Madbouli stressed on Monday that Egypt seeks to realize positive economic outlook during 2023. Addressing the opening…
Pakistani rupee plummets as markets adjust to removal of unofficial controls
World
January 29, 2023
Pakistani rupee plummets as markets adjust to removal of unofficial controls
The Pakistani rupee fell 9.6% against the dollar on Thursday, central bank data showed — the biggest one-day drop in…
Amidst threats of global recession, World Economic Forum seeks viable solutions for economic crises
World
January 17, 2023
Amidst threats of global recession, World Economic Forum seeks viable solutions for economic crises
The World Economic Forum kicked off Monday in Davos and will last till January 20. Leaders from various governments, companies…
IMF asks Egypt to limit army’s interference in the economy
Business
January 17, 2023
IMF asks Egypt to limit army’s interference in the economy
The International Monetary Fund asked Egypt to reduce the army’s interference in the economy, according to a rescue plan agreed…
Egyptian pound tumbles to LE30 against US dollar, breaking all previous records
Main Slider
January 11, 2023
Egyptian pound tumbles to LE30 against US dollar, breaking all previous records
The Egyptian pound witnessed a historic low on Wednesday, hitting LE30 versus the US dollar in the money markets. Egypt…