economy

Egypt’s annual core inflation down to 8.5%: CBE
Business

Egypt’s annual core inflation down to 8.5%: CBE

Egypt’s annual core inflation rate witnessed a decrease from 10.9 percent in June to 8.45 percent in July, according to…
Parliament approves Egypt’s first sovereign wealth fund
Economy

Parliament approves Egypt’s first sovereign wealth fund

Egypt’s parliament has agreed to establish a government-operated sovereign wealth fund to help boost the economy, in a move deemed…
Suez zone claims LE2.13 billion profit in 2017/2018
Business

Suez zone claims LE2.13 billion profit in 2017/2018

The Suez Canal Economic Zone (SCZone) made a net profit of LE2.13 billion in the fiscal year 2017/2018, with an…
Turkish lira weakens again, eyes on Washington talks
Middle East

Turkish lira weakens again, eyes on Washington talks

ANKARA/ISTANBUL (Reuters) – Turkey’s lira weakened against the dollar on Wednesday, hit by concern about President Tayyip Erdogan’s grip on…
Lebanese central bank says pound stable, urges fiscal reform
Middle East

Lebanese central bank says pound stable, urges fiscal reform

BEIRUT (Reuters) – Lebanon’s pound is stable and the central bank has the means to defend its stability, central bank…
Iranian President Hassan Rouhani denounces US ‘psychological warfare’
Middle East

Iranian President Hassan Rouhani denounces US ‘psychological warfare’

Iran has been in economic turmoil since US President Donald Trump announced he would withdraw from an international deal that…
Morocco’s King Mohammed sacks minister after urging action on economy
Middle East

Morocco’s King Mohammed sacks minister after urging action on economy

RABAT (Reuters) – Morocco’s King Mohammed has sacked the minister for the economy and finance, the Royal Cabinet said on…
Iran’s parliament to question president over economic woes
Middle East

Iran’s parliament to question president over economic woes

TEHRAN, Iran (AP) — Iran’s parliament announced Wednesday it would hold a special session to question President Hassan Rouhani about…
Egypt maintains LE16 per USD customs exchange rate for August
Business

Egypt maintains LE16 per USD customs exchange rate for August

Egypt’s Finance Minister Mohamed Maeet announced on Tuesday that the exchange rate of the customs dollar will continue to be…
Turkey’s central bank hikes inflation view, defends independence
Middle East

Turkey’s central bank hikes inflation view, defends independence

ANKARA (Reuters) – Turkey’s central bank on Tuesday sharply raised its inflation forecast for this year and next, saying price…
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