economy

Brazil’s new middle class faces plunge back to poverty
Life & Style

Brazil’s new middle class faces plunge back to poverty

Brazilian Monica de Oliveira thought she'd forever left behind those days of worrying about getting her daughter new clothes. As part…
Weakening Egyptian pound to dollar will not solve economic crisis: expert
Business

Weakening Egyptian pound to dollar will not solve economic crisis: expert

The Central Bank of Egypt governor's decision to raise the price of the Egyptian pound against the US dollar by…
IFC to provide loan to Credence Group to boost tourism
Egypt

IFC to provide loan to Credence Group to boost tourism

The International Finance Corporation (IFC), a member of the World Bank Group, announced Monday it will hold a signing ceremony…
Former finance minister: Dangers facing Egyptian economy becoming less intense
Business

Former finance minister: Dangers facing Egyptian economy becoming less intense

Former Finance Minister Ahmed Galal has said that the Egyptian economy can grow by between 4 and 4.5 percent with…
326 billion reasons Africa is on the move
Middle East

326 billion reasons Africa is on the move

When the new, expanded Suez Canal was inaugurated on August 6, the world marveled at the endeavor and single-mindedness that…
Ivory Coast urging change: cocoa pays but rice feeds the hungry
World

Ivory Coast urging change: cocoa pays but rice feeds the hungry

Verdant rice paddies stretch as far as the eye can see around Agboville, the heart of a drive for food…
Egyptian American Foundation to hold economic conference in October
Egypt

Egyptian American Foundation to hold economic conference in October

The Egyptian American Foundation will be organizing an economic conference for Egyptian expatriates between 27 and 31 October  in Cairo, under…
Newspaper: Govt close to IMF loan
Business

Newspaper: Govt close to IMF loan

The Egyptian government is nearing a deal with the International Monetary Fund for a financial loan that Egypt hopes would…
Center predicts outcome for Egypt’s anti-terror battle
Business

Center predicts outcome for Egypt’s anti-terror battle

An economic research center has predicted possible outcomes for Egypt’s economy based on positive or negative results stemming from the…
EFG Hermes only Arab institution in investors index
Business

EFG Hermes only Arab institution in investors index

EFG Hermes’s research house has become the only research institution in the Arab world to be included in the Institutional…
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