economic reform
Saudi crown prince defends austerity steps, social loosening
Middle East
April 28, 2021
Saudi crown prince defends austerity steps, social loosening
DUBAI, United Arab Emirates (AP) — Crown Prince Mohammed bin Salman laid out a vigorous defense of his domestic policies…
Fitch Ratings affirms Egypt’s ‘B+’ with stable outlook
Economy
March 10, 2021
Fitch Ratings affirms Egypt’s ‘B+’ with stable outlook
American credit rating agency Fitch Ratings affirmed on Wednesday Egypt’s Long-Term Foreign Currency Issuer Default Rating (IDR) at ‘B+’, with…
UK backs Sudan economic reforms with over $50 million
Middle East
January 22, 2021
UK backs Sudan economic reforms with over $50 million
CAIRO (AP) — Britain’s foreign secretary announced Thursday that his government would offer more than $50 million to help poor…
Saudi will strike those who threaten its security, crown prince warns
Middle East
November 13, 2020
Saudi will strike those who threaten its security, crown prince warns
RIYADH (Reuters) – Saudi Arabia will strike those who threaten the kingdom’s security and stability with an “iron fist”, the…
CBE: Local currency limit for passengers entering and exiting Egypt remains at LE5,000
Business
October 2, 2020
CBE: Local currency limit for passengers entering and exiting Egypt remains at LE5,000
The Central Bank of Egypt (CBE) on Thursday maintained the maximum limit of banknotes travelers allowed to carry while entering…
Egypt’s Sisi issues decree to approve $2.7 billion IMF funding agreement for combating coronavirus impact
Economy
October 1, 2020
Egypt’s Sisi issues decree to approve $2.7 billion IMF funding agreement for combating coronavirus impact
Egypt’s official gazette published on Thursday Presidential Decree no.177, which ratifies the US$2.7 billion funding agreement signed earlier this year…
Egypt launches school supplies initiative for the underprivileged
Egypt
September 17, 2020
Egypt launches school supplies initiative for the underprivileged
Under the order of President Abdel Fattah al-Sisi, the Ministry of Interior instituted on Thursday a new plan under Egypt’s…
Egypt lowers growth target for next fiscal year to 3.5 percent due to coronavirus
Business
April 21, 2020
Egypt lowers growth target for next fiscal year to 3.5 percent due to coronavirus
Egypt has lowered its growth target for fiscal year 2020-2021 to 3.5 percent, down from its original target of 5.8…
Mashat discusses cooperation between Egypt, World Bank during visit to US
Business
February 25, 2020
Mashat discusses cooperation between Egypt, World Bank during visit to US
Egypt’s Minister of International Cooperation Rania al-Mashat met with President of the World Bank Group David Malpass during her official…
Finance Minister expresses pride in Egypt’s economic performance
Economy
July 17, 2019
Finance Minister expresses pride in Egypt’s economic performance
During a press conference on Wednesday at the Cabinet headquarters to announce the Cabinet’s economic performance, Minister of Finance Mohamed…