coronavirus pandemic

Egypt’s Minister of Finance, Mohamed Maait has commented on Fitch’s decision to downgrade Egypt from B+ to B,…

The World Bank (WB) slashed its growth forecasts for most countries and regions to 1.7 percent for 2023, compared…

The Union of Arab Banks (UAB) said that Egypt has third best banking system in Arab world in terms of assets,…

Egypt's Finance Minister Mohamed Maait said on Sunday that around $35 billion in short-term investment “hot money”…

Egypt’s economy grew by 9.8 percent in the first quarter of the financial year 2021-2022, the highest quarterly…

Egypt's President Abdel Fattah al-Sisi directed on Wednesday that all precautionary measures be taken to protect…

African Reinsurance Corporation (Africa Re) has decided to distribute $3.3. million to support the fight against…

The premiums of Egypt’s insurance sector is expected to decline between 15-20 percent within the 2020/2021…

Tesla Inc cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch, as the…

Asia Pacific shares were mixed on Wednesday as concerns surrounding the coronavirus pandemic continued to linger.

The coronavirus pandemic is accelerating around the world as many countries that reopened their economies see a…

The International Monetary Fund (IMF) said on Friday its executive board has approved a $5.2 billion standby loan…

China's Ministry of Finance said on Wednesday it would extend a waiver on port construction fees for imported and…

Chinese smartphone maker OPPO is donating 5 million Egyptian pounds ($308,362) in form of food boxes to support…

Egypt’s real estate developer, SODIC reported an 83 percent drop in net profits to around 28 million Egyptian…

Real estate companies in Oman are offering exemption in rent to the tenants financially impacted by the coronavirus…

The Egyptian Football Association (EFA) has set out a detailed plan to restart the domestic league competition…

U.S. President Donald Trump will meet with Polish President Andrzej Duda in Washington next week, the first visit…

Alphabet Inc’s Google on Wednesday introduced new advertising features intended to help local businesses get more…

EgyptAir has racked up losses of over $3 billion and airports have achieved zero income during the period of flight…

The U.S. real estate market is emerging from its spring nadir brought on by the coronavirus pandemic, as prices…

Egyptian hotels  will be allowed to increase their occupancy cap to 50 percent as of Monday in accordance with…

Egypt’s Aviation Ministry will operate exceptional flights within the next two weeks to repatriate Egyptians…

The  Egyptian government is working on making 30 million fabric-made face masks available in the local market…

The costs of manpower and some building materials used in construction projects in the United Arab Emirates have…

Marriott International said on Wednesday that the coronavirus pandemic is "having a more severe and sustained…

As the coronavirus pandemic takes hold, this is not the time to give too much focus on budget deficits and…

Italy’s football federation (FIGC) has set August 20 as the deadline for finishing the current season, which is…

The decline in real estate values in Dubai accelerated in April while sales of apartments and villas dropped by…

Abu Dhabi's real estate developer Aldar Properties reported on Thursday a 39 percent decline in its first-quarter…

Real estate developers remain more optimistic than brokers and consumers despite the global impacts of the…

Egypt's top Sunni Muslim authority Al-Azhar said that Eid Al-Fitr prayer can be performed at home due to the…

Saudi Arabia will triple value added tax and suspend a cost of living allowance for state workers, it said on…

Swedish telecom equipment maker Ericsson said on Monday it will lift its forecast for 5G subscriptions globally to…

U.S. President Donald Trump said on Sunday he now believes as many as 100,000 Americans could die in the…

The coronavirus pandemic caused drastic declines in U.S. auto sales in April, according to industry data released…

Credit rating agency Moody's said on Tuesday it anticipates Egypt’s economy to grow 4.4 percent in the current…

France’s Prime Minister Édouard Philippe said on Wednesday the country will pay healthcare workers on the front…

The Centres for Disease Control said people should wear cloth face coverings to prevent the spread of the…

Measures taken under Egypt's economic reform programme enabled the country to bear the repercussions of the global…