economy
Gone for good? Evidence signals many jobs aren’t coming back
World
August 10, 2020
Gone for good? Evidence signals many jobs aren’t coming back
WASHINGTON (AP) — Stark evidence of the damage the resurgent viral outbreak has caused the US economy could come Friday…
Egypt’s private economic activity hits 1-year high – PMI
Economy
August 6, 2020
Egypt’s private economic activity hits 1-year high – PMI
CAIRO, Aug 5 (Reuters) — A contraction in Egypt’s non-oil private sector slowed to its lowest rate in a year…
Turkish annual inflation falls to 11.76% in July
Middle East
August 4, 2020
Turkish annual inflation falls to 11.76% in July
ISTANBUL (Reuters) — Turkey’s consumer price inflation fell to a lower-than-expected 11.76 percent year-on-year in July, the Turkish Statistical Institute…
Iran’s stock market surges past key level to record high, as analysts warn of bubble
Middle East
August 2, 2020
Iran’s stock market surges past key level to record high, as analysts warn of bubble
DUBAI (Reuters) – Iran’s main stock index broke through the key two million point mark for the first time ever…
US dollar to Egyptian pound exchange rate remain stable
Economy
July 30, 2020
US dollar to Egyptian pound exchange rate remain stable
US dollar to Egyptian pound exchange rates remained stable on Thursday at the Central Bank of Egypt, recording LE15.93 for…
UN: Arab economies to shrink by 5.7% amid virus fallout
Economy
July 23, 2020
UN: Arab economies to shrink by 5.7% amid virus fallout
BEIRUT (AP) — The pandemic will exact a heavy toll on Arab countries, causing an economic contraction of 5.7 percent…
Gulf economies seen shrinking sharply in 2020, to pick up in 2021: Reuters poll
Middle East
July 21, 2020
Gulf economies seen shrinking sharply in 2020, to pick up in 2021: Reuters poll
DUBAI (Reuters) — Economic activity in the Gulf will contract sharply this year before recovering in 2021, hit by the…
Coronavirus measures cause declining incomes for 74% of Egyptians: CAPMAS
Egypt
July 20, 2020
Coronavirus measures cause declining incomes for 74% of Egyptians: CAPMAS
Egypt’s coronavirus measures have caused declining incomes for approximately 74 percent of the population, said a consultant to the Central…
Major Beirut medical centre lays off hundreds as crisis bites
Middle East
July 18, 2020
Major Beirut medical centre lays off hundreds as crisis bites
BEIRUT (Reuters) – Zawqan Abdelkhalek, a nurse at the American University of Beirut’s (AUB) medical centre since 2012, was laid…
US dollar to Egyptian pound exchange rates show slight increase
Egypt
July 15, 2020
US dollar to Egyptian pound exchange rates show slight increase
US dollar to Egyptian pound exchange rates at the Central Bank of Egypt (CBE) increased by one piaster on Monday,…