economy

Moody’s keeps Egypt’s credit rating at B2 with Stable Outlook
Business

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

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

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

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

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

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

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

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

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

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…
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