economy

30 countries will move their embassies to Egypt’s New Administrative Capital
Egypt

30 countries will move their embassies to Egypt’s New Administrative Capital

The Chairman of the New Administrative Capital for Urban Development, Ahmed Zaki Abdeen, confirmed in a statement that the governments…
Explainer: Lebanon’s financial meltdown and how it happened
Middle East

Explainer: Lebanon’s financial meltdown and how it happened

BEIRUT (Reuters) – Lebanon is grappling with a deep economic crisis after successive governments piled up debt following the 1975-1990…
Report finds global economic outlook not as bad as expected
World

Report finds global economic outlook not as bad as expected

PARIS (AP) — The global economy is not doing as bad as previously expected, especially in the United States and…
Oil slides 5% to lowest since June on demand fears
Middle East

Oil slides 5% to lowest since June on demand fears

LONDON (Reuters) – Oil slid five percent to below US$40 a barrel on Tuesday, its lowest since June, pressured by…
Egypt’s economic situation receives international praise: Report
Business

Egypt’s economic situation receives international praise: Report

The Ministry of Planning and Economic Development issued a report discussing the opinions of several international institutions on Egypt’s economic…
As uncertainty threatens US growth, Fed seeks more firepower
World

As uncertainty threatens US growth, Fed seeks more firepower

(Reuters) – A year ago, Federal Reserve Chair Jerome Powell warned fellow central bankers of the significant risks posed by…
Egypt among emerging markets most likely to maintain positive GDP outlook: Fitch
Business

Egypt among emerging markets most likely to maintain positive GDP outlook: Fitch

Egypt is one of the few major emerging markets to maintain its positive Growth Domestic Product (GDP) outlook despite the…
Upcoming Egypt-Jordan-Iraq summit in Amman set to strengthen cooperation
Egypt

Upcoming Egypt-Jordan-Iraq summit in Amman set to strengthen cooperation

The Jordanian News Agency (Petra) announced Saturday that a tripartite summit will be held between Jordanian King Abdullah II, Egyptian…
European economic rebound slows as virus cases rise
World

European economic rebound slows as virus cases rise

LONDON (AP) — The European economy’s rebound from the coronavirus recession appears to have slowed in August as a resurgence…
Unemployment in Egypt up 1.9% in 2nd quarter of 2020 due to COVID-19: CAPMAS
Business

Unemployment in Egypt up 1.9% in 2nd quarter of 2020 due to COVID-19: CAPMAS

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) announced that the nation’s unemployment rate has increased to a total…
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