Business
Germany in recession as economy shrinks 2.2% in 1st quarter
May 15, 2020
Germany in recession as economy shrinks 2.2% in 1st quarter
BERLIN (AP) — The German economy shrank by 2.2 percent in the first quarter compared with the previous three-month period…
European countries offer more economic relief from pandemic
May 14, 2020
European countries offer more economic relief from pandemic
ROME (AP) — European governments promised more relief to their citizens on Thursday as a top US immunologist prepared to…
Turkey crunch would pack only weak punch for emerging markets
May 13, 2020
Turkey crunch would pack only weak punch for emerging markets
LONDON (Reuters) — Turkey could be heading for another financial crunch but its diminished importance for investors in developing economies…
Egyptian parliament approves law allowing closure of failing publicly-owned companies
May 13, 2020
Egyptian parliament approves law allowing closure of failing publicly-owned companies
The Economic Committee of Egypt’s House of Representatives on Tuesday approved a bill amending Public Enterprise Sector Law No. 203/1991.…
Saudi Aramco debt to climb as world’s largest dividend weighs
May 13, 2020
Saudi Aramco debt to climb as world’s largest dividend weighs
LONDON (Reuters) — Saudi Aramco’s debt is expected breach target levels as an oil price collapse triggered by the coronavirus…
IMF approves US$2.77 billion support to Egypt to address coronavirus
May 12, 2020
IMF approves US$2.77 billion support to Egypt to address coronavirus
The executive board of the International Monetary Fund (IMF) has approved Egypt’s request for emergency financial assistance of US$2.772 billion…
Egypt’s Ministry of Finance to issue LE3 bn payment to tourist establishments
May 11, 2020
Egypt’s Ministry of Finance to issue LE3 bn payment to tourist establishments
Egypt’s Ministry of Finance on Monday launched an initiative guaranteeing the payment of LE three billion to Egypt’s national banks…
Egypt publishes report of building projects from 2014 to 2021 worth LE4 trillion
May 11, 2020
Egypt publishes report of building projects from 2014 to 2021 worth LE4 trillion
Egypt’s Ministry of Planning and Economic Development on Monday published a comprehensive report of completed and underway building projects from…
Egypt’s headline inflation rises to 5.9% in April, CAPMAS
May 11, 2020
Egypt’s headline inflation rises to 5.9% in April, CAPMAS
Egypt’s annual urban consumer price inflation rate increased to 5.9 percent in April from 5.1 percent in March, the official…
IMF discusses Egypt’s request for loan to counter coronavirus
May 11, 2020
IMF discusses Egypt’s request for loan to counter coronavirus
The International Monetary Fund (IMF) on Monday began discussing Egypt’s request for a new loan to counter the spread of…