Browsing: Egypt

The seventh Turkish Red Crescent ship carrying humanitarian aid for the besieged Gaza Strip arrived on Sunday at Egypt’s Port…

Egypt’s annual urban consumer price inflation jumped to 35.7 percent in February from 29.8 percent in January, driven mainly by a rise in food and beverage prices, data from statistics agency CAPMAS showed on Sunday.

CAIRO: Egyptian President Abdel Fattah al-Sisi said on Saturday that with tens of billions of dollars in new financing from the UAE and the International Monetary Fund, moving to a flexible exchange rate would be possible. 

By: Steven Sahiounie, Journalist and political commentator Hamas wants an end to the war, but the U.S. is looking only…

Global ratings giant Moody’s has raise Egypt’s credit outlook from negative to positive following the expanded $8 billion funding from the International Monetary Fund (IMF), as per a recent statement.

Hamas has announced that its delegation left Cairo for consultations with the leadership amid ongoing discussions on a Gaza ceasefire.…

China described the war in Gaza as a “disgrace to civilization” and called on Thursday for an immediate ceasefire as…

The financial landscape in Egypt on Wednesday was nothing short of dramatic. Amidst a backdrop of anticipation and speculation, the Egyptian economy experienced pivotal changes that underscored the unfolding narrative of reform and adjustment.

RIYADH: The UAE’s non-oil private sector expanded in February as it delivered the strongest output growth since June 2019, according to S&P Global’s purchasing managers’ index report.

 CAIRO: Egypt secured an additional $5 billion in loans from the International Monetary Fund on Wednesday after the central bank raised interest rates and allowed the pound to plunge in value by nearly 40 percent.