economic reforms

Egypt’s GAFI to grant foreign investors 5-year residency visas
Business

Egypt’s GAFI to grant foreign investors 5-year residency visas

The Board of Directors for Egypt’s General Authority for Investment and Free Zones (GAFI) approved on Thursday new regulations aimed…
Exclusive: Draft of Lebanese financial rescue plan promises ‘painful’ steps
Middle East

Exclusive: Draft of Lebanese financial rescue plan promises ‘painful’ steps

BEIRUT (Reuters) – Lebanon’s new government will look to reduce interest rates and recapitalise banks as part of a broad…
Sudan to tackle fuel subsidies as economy hangs on the edge
Middle East

Sudan to tackle fuel subsidies as economy hangs on the edge

KHARTOUM, Sudan (AP) — Sudan hopes to cut fuel subsidies over the course of 18 months, starting as early as…
Egypt’s 5.7 percent economic growth rate ranks best in MENA: cabinet
Economy

Egypt’s 5.7 percent economic growth rate ranks best in MENA: cabinet

Egypt’s cabinet published an infographic report on the country’s increasing economic growth, now at 5.7 percent. This rate ranks best…
Egyptian economist says dollar to stand at LE16
Economy

Egyptian economist says dollar to stand at LE16

Egyptian economist Walid Gaballah predicted that the Egyptian pound-dollar exchange rate will decline to LE16 per dollar. The economist stated this…
Lebanon PM says accelerating reforms to rein in public debt: CNBC
Economy

Lebanon PM says accelerating reforms to rein in public debt: CNBC

BEIRUT (Reuters) – Lebanese Prime Minister Saad al-Hariri said his government would aim to cut the budget deficit to 7%…
UK PM Johnson welcomes economic reforms in talks with Jordan’s King Abdullah
Middle East

UK PM Johnson welcomes economic reforms in talks with Jordan’s King Abdullah

LONDON (Reuters) – British Prime Minister Boris Johnson hosted Jordan’s King Abdullah for a working lunch on Wednesday to discuss…
Egypt improves wages to reduce impact of economic reforms
Business

Egypt improves wages to reduce impact of economic reforms

Egypt’s Finance Ministry announced that the government plans to reduce the impact of  financial and economic reforms on citizens in…
Moody’s upgrades Egypt’s rating to B2
Business

Moody’s upgrades Egypt’s rating to B2

Moody’s upgraded Egypt’s rating to B2 with a stable outlook, expecting financial and economic reforms to cause gradual and steady…
Egypt has the highest growth rate in MENA region: Finance Minister
Economy

Egypt has the highest growth rate in MENA region: Finance Minister

  Egyptian Finance Minister Mohamed Maait said on Monday that the results of the first half of the current fiscal…
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