Latest Economy News
Standard & Poor’s: Gulf banks replace European banks in MENA
European banks are shedding assets outside of the MENA region to rebuild…
Cutting deficits without damaging growth
Average public debt in MENA countries is more than 78% of GDP,…
IFC to invest $6m in ‘Fawry’
The investment in 'Fawry' the electronic payment provider, will be used to…
Draft law for minimum and maximum wages
Law setting limits on wages to be discussed by the Shura Council…
Egypt’s media outlets owe EGP 10bn in arrear back taxes
Al-Ahram accounts for lion’s share of debt, owing EGP 5.85bn
Price of dollar nears EGP 7 after last week’s transactions
Nears EGP 7.30 on the black market, the highest rate recorded since…
New tax initiatives arouse fears in financial market
Uncertainty in securities market over effect of new regulations
Italian business delegation proposes five investment initiatives
Proposals include projects in the fields of agriculture, tourism, small and medium…
African Development Bank: Employment is an exigency for Africa
AfDB report highlights Africa's strengths and challenges