economy

US dollar exchange rate continues decline in Egypt
Economy

US dollar exchange rate continues decline in Egypt

US dollar prices declined against the Egyptian pound by an average of four piasters in several banks on Monday. The…
Egypt’s foreign currency reserves increase to US$44.218 bn: CBE
Business

Egypt’s foreign currency reserves increase to US$44.218 bn: CBE

The Central Bank of Egypt (CBE) announced that the country’s foreign currency reserves increased to US$44.218 billion at the end…
MB leader sentenced to life in prison for ‘harming economy’
Egypt

MB leader sentenced to life in prison for ‘harming economy’

On Tuesday, the Cairo Criminal Court sentenced the leader of the Muslim Brotherhood, Hassan Malik, and six others to life…
Kabul on lockdown as assembly discusses peace with the Taliban
Middle East

Kabul on lockdown as assembly discusses peace with the Taliban

Afghanistan’s usually bustling capital Kabul slowed to a crawl Tuesday amid massive security for a high-stakes peace summit that has…
Iranians brace for harder times as US oil sanctions close in
Middle East

Iranians brace for harder times as US oil sanctions close in

Iranians, already hard hit by punishing US economic sanctions, are bracing for more pain after Washington abolished waivers for some…
US dollar exchange rate continues decline in Egypt
Business

US dollar exchange rate continues decline in Egypt

US dollar prices have slightly declined against the Egyptian pound by an average of two piasters in several banks on…
PepsiCo Egypt to increase investments by US$500 mn
Business

PepsiCo Egypt to increase investments by US$500 mn

Chairman and CEO of PepsiCo Egypt Mohamed Shelbaya said that his company intends to pump US$500 million into increasing production…
EFSA to increase market capitalization to LE1.6 trillion: Chairman
Business

EFSA to increase market capitalization to LE1.6 trillion: Chairman

The Egyptian Financial Supervisory Authority (EFSA) strategy until 2022 aims to raise the number of listed companies to 275 and…
China growth beats forecasts as economy shows signs of stability
World

China growth beats forecasts as economy shows signs of stability

China’s economy expanded more than expected in the first three months of the year as government moves to kickstart growth…
Turkish unemployment jumps to highest rate in nearly a decade
Middle East

Turkish unemployment jumps to highest rate in nearly a decade

ANKARA (Reuters) – Turkey’s unemployment rate surged to 14.7 percent in the December-February period, its highest level in nearly a…
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