Business

Egypt to have world’s third economic growth in 2026: Harvard report

Egypt to have world’s third economic growth in 2026: Harvard report

The Harvard Center for International Development forcasted that Egypt will be the third country that will achieve highest growth rates…
Egypt’s public debts rise fivefold over past five years

Egypt’s public debts rise fivefold over past five years

Minister of Finance Amr al-Garhi stated on Sunday that the Egyptian government is working on a medium-term plan to cut…
Qatar Petroleum to boost oil production despite Gulf embargo: CEO

Qatar Petroleum to boost oil production despite Gulf embargo: CEO

State energy giant Qatar Petroleum will push ahead with its production expansion and foreign asset acquisition strategy to be on…
Air France KLM shares slump as CEO prepares to quit over union pay row

Air France KLM shares slump as CEO prepares to quit over union pay row

Air France KLM (AIRF.PA) shares slumped on Monday after the company’s chief executive said he would resign following the rejection…
IMF says Egypt must deepen reforms to catch window of global growth

IMF says Egypt must deepen reforms to catch window of global growth

Egypt will have to deepen its IMF-backed reforms and better encourage private sector growth if it wants to cash in…
Billionaire Naguib Sawaris converts half his fortune to gold

Billionaire Naguib Sawaris converts half his fortune to gold

Egyptian tycoon Naguib Sawiris turned half of his 5.7 billion net worth into gold, reported financial newspaper Bloomberg. Sawiris admitted…
Egypt’s foreign reserves hit a new record amid rigorous economic reforms

Egypt’s foreign reserves hit a new record amid rigorous economic reforms

Egypt’s net foreign reserves jumped from $42.611 billion in the end of March to $44.030 billion at the end of…
Egyptian Electricity Holding to raise $700mn loan with HSBC and Credit Suisse: sources

Egyptian Electricity Holding to raise $700mn loan with HSBC and Credit Suisse: sources

State-owned Egyptian Electricity Holding Company (EEHC) is raising a syndicated loan of up to around $700 million with Credit Suisse…
Key sticking points in the US-China trade dispute

Key sticking points in the US-China trade dispute

US Treasury Secretary Steven Mnuchin will lead a delegation to Beijing this week to meet with Chinese officials and try…
Euro zone economy to slow next year, downside risks increase: Commission

Euro zone economy to slow next year, downside risks increase: Commission

Euro zone economic growth will slow this year and next from a peak expansion in 2017, the European Commission forecast…
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