Egypt economy

The wealth of nations in the age of AI: What Egypt must get right
Opinion

The wealth of nations in the age of AI: What Egypt must get right

Two hundred and fifty years ago, Adam Smith published The Wealth of Nations and challenged the way people understood economic…
Experts explain reasons behind Fitch affirming Egypt’s “B” rating
Business

Experts explain reasons behind Fitch affirming Egypt’s “B” rating

The decision by the global credit rating agency Fitch to affirm Egypt’s rating at “B” with a stable outlook has…
Fitch affirms Egypt’s credit rating at “B” with a stable outlook
Business

Fitch affirms Egypt’s credit rating at “B” with a stable outlook

Fitch Ratings has affirmed Egypt’s long-term foreign-currency sovereign credit rating at “B” with a Stable Outlook. The agency noted that…
Egypt secures record hard-currency reserves as overseas transfers spike
Main Slider

Egypt secures record hard-currency reserves as overseas transfers spike

Egypt’s financial sector achieved its strongest foreign reserve position in six years, boosted by a massive influx of capital from…
Egypt’s economic growth diminishes amid global commodity price shocks: IMF
Economy

Egypt’s economic growth diminishes amid global commodity price shocks: IMF

The International Monetary Fund (IMF) has reaffirmed its deepening programmatic engagement with Egypt, stating that the $8.1 billion Extended Fund…
Fitch upgrades Egypt’s credit rating to B with stable outlook
Business

Fitch upgrades Egypt’s credit rating to B with stable outlook

Fitch Ratings upgraded Egypt’s credit rating from B- to B with a stable outlook. The credit rating agency said in…
State must leave Egypt’s economy: Ibrahim Eissa
Business

State must leave Egypt’s economy: Ibrahim Eissa

Egyptian media host Ibrahim Eissa said that Egypt’s current economic crisis requires that the state step away from the economy…
US dollar to Egyptian pound exchange rate remains stable on Tuesday
Business

US dollar to Egyptian pound exchange rate remains stable on Tuesday

US dollar to Egyptian pound exchange rates remained stable on Tuesday at the Central Bank of Egypt, recording LE15.64 for…
Gold prices see unprecedented drop in 8 months
Business

Gold prices see unprecedented drop in 8 months

The Secretary of the Gold Division at the Federation of Egyptian Chambers of Commerce Nady Naguib, said that gold prices…
World Bank expects high growth rates for Egypt’s economy in 2022 2023
Egypt

World Bank expects high growth rates for Egypt’s economy in 2022 2023

The World Bank on Tuesday said it predicts a rise in the growth rate of the Egyptian economy during 2022…
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