economy
Moody’s keeps Egypt’s credit rating at B2 with Stable Outlook
Business
August 1, 2021
Moody’s keeps Egypt’s credit rating at B2 with Stable Outlook
Egyptian Finance Minister Mohamed Maait announced Saturday that the Moody’s credit rating institute has kept Egypt’s credit rating in both…
Gulf rebound set as Saudi Arabia, UAE seen topping 4% growth in 2022
Middle East
July 26, 2021
Gulf rebound set as Saudi Arabia, UAE seen topping 4% growth in 2022
CAIRO, July 26 (Reuters) – The six economies in the Gulf Cooperation Council (GCC) are set to rebound and grow…
Egypt third strongest economy in Arab world: Forbes
Business
July 26, 2021
Egypt third strongest economy in Arab world: Forbes
Forbes magazine published a classification of the strongest Arab economies in 2021, with Saudi Arabia in first place and Egypt…
Egypt ranks 4th on Economist’s index tracking return to pre-pandemic life
Business
July 22, 2021
Egypt ranks 4th on Economist’s index tracking return to pre-pandemic life
Minister of International Cooperation Rania al-Mashat praised Egypt’s ranking on the Economist magazine’s Global Normalcy Index, which tracks the global…
Thursday’s US dollar to Egyptian pound exchange rates
Business
July 15, 2021
Thursday’s US dollar to Egyptian pound exchange rates
The US dollar to Egyptian pound exchange rate remained stable on Wednesday at the Central Bank of Egypt, recording LE15.64…
Jordan tribes, bedrock of monarchy, on edge as economy tanks
Middle East
July 1, 2021
Jordan tribes, bedrock of monarchy, on edge as economy tanks
KARAK, Jordan (AP) — Jordan has drawn a curtain of secrecy on the unprecedented public rift within its royal family,…
Egypt will be among world’s 10 largest economies in 2030: minister
Business
July 1, 2021
Egypt will be among world’s 10 largest economies in 2030: minister
On Wednesday, Egyptian Minister of Finance Mohammed Maait said that Egypt will join the world’s 10 largest economies in 2030,…
Oil to sustain surprise rally despite Iran, third COVID-19 wave threat
Middle East
June 30, 2021
Oil to sustain surprise rally despite Iran, third COVID-19 wave threat
June 30 (Reuters) – Who of the traditional bulls predicted a rally that saw oil prices doubling in the last…
Lebanon’s economic collapse bites hard in neglected north
Middle East
June 28, 2021
Lebanon’s economic collapse bites hard in neglected north
TRIPOLI, Lebanon, June 28 (Reuters) – Taha Riz has worked just three days in more than a month at his…
Riots in Lebanon over economy injure 10 soldiers, protesters
Middle East
June 27, 2021
Riots in Lebanon over economy injure 10 soldiers, protesters
BEIRUT (AP) — Lebanese troops deployed in the northern city of Tripoli early Sunday taking positions around major state institutions…