economy

Egypt keeps customs exchange rate at LE16 per US dollar for October
Business

Egypt keeps customs exchange rate at LE16 per US dollar for October

  Egypt’s Finance Minister Mohamed Maeet announced on Saturday that the exchange rate of the customs dollar will continue to…
Egypt unemployment rate drops to 11.3%, official says
Egypt

Egypt unemployment rate drops to 11.3%, official says

  Egypt’s unemployment rate has fallen an unprecedented 11.3 percent in 2017/2018, and is expected to further drop to 8.4…
World Bank report warns Gaza Strip economy is in ‘free fall’
Middle East

World Bank report warns Gaza Strip economy is in ‘free fall’

  JERUSALEM (AP) — The Gaza Strip’s economy is in “free fall,” a report from the World Bank warned Tuesday,…
‘High uncertainty’ hurting global growth, OECD says
World

‘High uncertainty’ hurting global growth, OECD says

  Global expansion is likely to slow as tensions kickstarted by US President Donald Trump’s protectionist policies hit world trade,…
Turkey sees lower growth, double-digit inflation in next years
Middle East

Turkey sees lower growth, double-digit inflation in next years

  Turkey, which was last month buffeted by its worst currency crisis in recent years, on Thursday forecast sharply lower…
OPEC chief: Cartel must stay together as US sanctions Iran
Middle East

OPEC chief: Cartel must stay together as US sanctions Iran

  FUJAIRAH, United Arab Emirates (AP) — OPEC must stick together for the good of the global economy as founding…
Saudi sovereign wealth fund takes $11B in its first loan
Middle East

Saudi sovereign wealth fund takes $11B in its first loan

  DUBAI, United Arab Emirates (AP) — Saudi Arabia’s sovereign wealth fund says it has taken its first loan, a…
A year after US sanctions ended, Sudan’s economy unravels
Middle East

A year after US sanctions ended, Sudan’s economy unravels

  KHARTOUM (Reuters) – For 22 years Mohamed Mahmoud deposited his law practice’s cash in a bank near his Khartoum…
UN bemoans unsustainable Palestinian economy
Middle East

UN bemoans unsustainable Palestinian economy

  GENEVA (Reuters) – Palestinian citizens are trapped in an economy of jobless growth with no prospects, especially in Gaza,…
Egypt’s annual inflation fell to 13.6 % in August: CAPMAS
Business

Egypt’s annual inflation fell to 13.6 % in August: CAPMAS

  Egypt’s monthly inflation rate was recorded at 1.7 percent in August, compared with 2.5 percent in July, while its…
Back to top button