recession

Presidency warns govt of consequences from Port Said recession
Egypt

Presidency warns govt of consequences from Port Said recession

Egypt’s Presidency has sent an official letter to the Cabinet warning of unfavorable consequences to the “commercial recession” occuring in…
Sharm el-Sheikh turns into ghost town following plane crash
Egypt

Sharm el-Sheikh turns into ghost town following plane crash

Sharm el-Sheikh has almost turned into a ghost town after Russian and British tourists vacated the city in response to…
Japan relapses into recession in July-September, a blow to ‘Abenomics’
Business

Japan relapses into recession in July-September, a blow to ‘Abenomics’

Japan slipped into its fourth technical recession in five years between July and September - spotlighting how the government's "Abenomics"…
Japan export growth slows sharply, raising fears of recession
Business

Japan export growth slows sharply, raising fears of recession

Japan's annual export growth slowed to a crawl in September as shrinking sales to China hurt the volume of shipments,…
Avoiding recession
Opinion

Avoiding recession

I warn of yet another failure for the Egyptian renaissance, which has not really picked up much since 1805.
Analysts: US economy veers toward recession
Business

Analysts: US economy veers toward recession

The U.S. economy has veered towards recession in the first quarter, as a slew of negative economic data cast gloom…
Recession hits Salloum City following Egypt-Libya border closure
Egypt

Recession hits Salloum City following Egypt-Libya border closure

Since the closing of the Salloum Crossing between Egypt and Libya, Salloum City has nearly become a ghost town. Citizens…
Arish suffers from recession
Egypt

Arish suffers from recession

The shops on 23 July Street in Arish prepare to close. They have one hour before the curfew starts at…
Early winter sales up to 70% surprise citizens
Egypt

Early winter sales up to 70% surprise citizens

Citizens were unexpectedly surprised with sales up to 70 percent on Cairo streets in the middle of the winter season.  Recession…
Dented economy haunts Egypt a year after revolt
Business

Dented economy haunts Egypt a year after revolt

A year after Egypt overthrew Hosni Mubarak, the poor state of the once-growing economy of the Arab world's most populous…
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