economy
Iran currency extends record fall as U.S. sanctions loom
Middle East
July 30, 2018
Iran currency extends record fall as U.S. sanctions loom
DUBAI (Reuters) – Iran’s currency hit a new record low on Sunday, dropping past 100,000 rials to the U.S. dollar…
Egypt says country grew at highest rate in 10 years
Business
July 28, 2018
Egypt says country grew at highest rate in 10 years
Egypt’s Planning Ministry says the country’s economy grew 5.3 percent in the most recent fiscal year — the highest…
With economy faltering, Iran appoints two new heads of key agencies
Middle East
July 25, 2018
With economy faltering, Iran appoints two new heads of key agencies
(Reuters) – Iran’s cabinet appointed new heads at two of the government’s top economic institutions, as the country grapples with…
International Finance Corporation to fund Egypt’s private sector with $2 bn by 2019
Business
July 22, 2018
International Finance Corporation to fund Egypt’s private sector with $2 bn by 2019
The International Finance Corporation (IFC) is committed to financially support Egypt’s private sector with a $2 billion fund by…
Remittances from Egyptians abroad up by 41.2% in April 2018
Business
July 10, 2018
Remittances from Egyptians abroad up by 41.2% in April 2018
The Central Bank of Egypt (CBE) announced a rise in remittances from Egyptians working abroad by 41.2 percent in…
China pledges $20 billion in loans for Arab states
Business
July 10, 2018
China pledges $20 billion in loans for Arab states
China will provide Arab states with $20 billion in loans for economic development, President Xi Jinping told top Arab…
IMF hails Egypt progress in its economic reform program
Business
July 4, 2018
IMF hails Egypt progress in its economic reform program
In its third review, the International Monetary Fund (IMF) has praised the progress Egypt made in it’s economic reforms…
Iran’s leaders seek ways to defend economy from US sanctions
Middle East
July 1, 2018
Iran’s leaders seek ways to defend economy from US sanctions
Iran is studying ways to keep exporting oil and other measures to counter US economic sanctions, state news agency…
Egypt paid $30 billion in loans during 2017: Finance Ministry
Business
June 25, 2018
Egypt paid $30 billion in loans during 2017: Finance Ministry
Egypt’s Finance Ministry said on Sunday that the country has paid $30 billion in 2017 in bonds and external…
Egypt inflation rate in May increased by 0.3 %
Economy
June 10, 2018
Egypt inflation rate in May increased by 0.3 %
The inflation rate in May increased by 0.3% compared to the previous month, reaching 274.7 points from 273.9, according…