Asia stocks mostly higher despite IMF warnings of unprecedented crisis
Stocks in Asia were mostly higher on Wednesday as the International Monetary Fund said the global economy is set to…
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US economy full recovery from recession ‘unlikely’ until coronavirus…
Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that a full recovery from the pandemic-driven…
EU not questioning investment conditions in Egypt’s SCZONE – official
European Union (EU) is not questioning the legality of overall investment conditions in Egypt’s Suez Canal Economic…
U.S. retail sales post record increase; big hole remains
U.S. retail sales increased by the most on record in May after two straight months of sharp declines as businesses…
Mohsen Adel, GAFI’s former head, prominent economist dies at 43
Mohsen Adel, former chief executive of the General Authority for Investment and Free Zones (GAFI), dies of…
Egypt holds on to coronavirus partial lockdown, shortens curfew hours
Egypt has slightly revised an imposed nighttime curfew to run until 4 am instead of a previous 6 am starting Sunday…
European stocks reverse early gains as Fed nerves kick in
European stocks reversed early gains on Wednesday, as investors turned cautious ahead of the U.S. Federal…
Rumors behind hike in cigarettes prices are baseless, ‘greedy merchants’ behind shortage:…
Rumors of expected rise in cigarettes’ prices were baseless according to Ibrahim al-Imbabi, the head of the General…
Egypt increases household electricity prices by 19.1%
The Egyptian Ministry of Electricity announced the new electricity prices for households rising prices for…
Egypt assigns EGP 36.7bn for 691 green projects in FY 2020/21
Egypt aims to launch 691 green projects with a total cost of 447.3 billion Egyptian pounds during The fiscal year…