economy

German government believes Trump would ravage U.S. economy: Spiegel
Business

German government believes Trump would ravage U.S. economy: Spiegel

Germany's economy ministry believes a Donald Trump presidency would severely damage the U.S.
US dollar hits LE13.10 on black market after Sisi’s speech
Business

US dollar hits LE13.10 on black market after Sisi’s speech

Foreign exchange traders working on Egypt's black market said the price of the US dollar jumped to more than LE13…
Sisi launches ‘spare change’ initiative to fund national projects
Egypt

Sisi launches ‘spare change’ initiative to fund national projects

Egyptian President Abdel Fattah al-Sisi has announced his third major initiative to support the Egyptian economy by directing money from…
Egypt, India to discuss mega projects, medical city
Business

Egypt, India to discuss mega projects, medical city

President Abdel Fattah al-Sisi begins a three-day visit to New Delhi on September 1 for talks with Prime Minister Narendra…
Welspun scandal follows years of plummeting Egyptian cotton output
Business

Welspun scandal follows years of plummeting Egyptian cotton output

A scandal involving the alleged sale of falsely labeled Egyptian cotton products by an Indian textile manufacturer to U.S.
In Egypt, IMF deal brings austerity few can afford
Economy

In Egypt, IMF deal brings austerity few can afford

A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of…
Egypt’s economy drops to third place in Africa rankings: Bloomberg
Business

Egypt’s economy drops to third place in Africa rankings: Bloomberg

Bloomberg has rated the Egyptian economy third on the African continent, pushing it back from second place after just two…
Govt plans infrastructure investment fund: minister
Business

Govt plans infrastructure investment fund: minister

The government is in the process of establishing a specialized fund for infrastructure investments, Planning Minister Ashraf al-Araby said on…
Experts divided over Egyptian pound devaluation
Business

Experts divided over Egyptian pound devaluation

The Central Bank of Egypt's decision to devalue the country’s currency rate has drawn mixed reactions from experts. The Egyptian…
Sisi’s ‘Egypt Vision 2030’ speech garners positive, negative reactions
Egypt

Sisi’s ‘Egypt Vision 2030’ speech garners positive, negative reactions

Reactions from the media and politicians varied in response to an hour and a half long speech delievered by President…
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