Egypt eyes 5.4% growth, EGP1.2t primary surplus in FY2026–27 budget
Egypt aims to achieve 5.4 per cent economic growth and a primary surplus of 1.2 trillion Egyptian pounds under the…
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economic stability
Kuwait c. bank cuts rates by 25 basis points
The Central Bank of Kuwait (CBK) on Wednesday cut the discount rate by 25 basis points to 3.50 per cent, effective…
URGENT: Egypt’s net FX reserves hit $50b in October – CBE
Egypt’s net foreign reserves reached $50.071 billion at the end of October 2025, up from 49.534 billion at the end…
Egypt’s Emergency Workers’ Relief Fund pays out EGP 2.4b to 441k workers since 2002
Egypt’s Workers’ Emergency Relief Fund has disbursed 2.379 billion Egyptian pounds to support 441,000 workers…
S. Arabia cuts rates by 25 bps
The Saudi Central Bank (SAMA) has lowered the Repurchase Agreement (Repo) rate by 25 basis points to 4.75 per cent…
Egypt outlines consumer protection strategy at UN conference
Egypt’s Minister of Supply and Internal Trade, Sherif Farouk, reaffirmed the country’s commitment to consumer…
UK budget stability remains priority – Starmer
British Prime Minister Keir Starmer reaffirmed on Monday that the government will adhere to the fiscal rules…
Unilateral sanctions, debt threaten global stability – Putin
Russian President Vladimir Putin warned of a potential new global crisis, citing the growing debt burden in…
IMF projects Ukraine economy to grow by 2.5-3.5% in ‘25
Ukraine’s economic growth is projected to range between 2.5 and 3.5 per cent through 2025, despite the ongoing…
UK’s Reeves announces £5.5b budget cuts
Britain's new finance minister, Rachel Reeves, has unveiled plans for immediate budget cuts totaling £5.5 billion,…
Egypt’s e-payment services reach EGP2.5tn in 11 months
Egypt's digital payment and collection services surged to unprecedented levels over the first 11 months of the…
Pakistan receives IMF $1.1B loan to boost economy
Pakistan will receive a $1.1 billion disbursement from the International Monetary Fund (IMF), marking the second…
Egypt’s President Sisi approves new internet law
Egyptian President Abdel Fattah al-Sisi has approved a draft law that aims at fighting internet crimes. The law…
Egypt eyes 15% rise in food industries exports this year: FEC
Egypt targets between 10 and 15 percent increase in its food industries exports to reach $3.45 billion by 2018, the…
Egypt, Iran To Maintain Middle East Economic Stability In Next Two Years: IMF
The Middle East faces a number of factors suggesting a difficult economic period ahead, said Thomas Helbling, chief…
Arab Orient Takaful Pumps EGP22mn to Increase Capital to EGP100mn
Managing Director of Arab Orient Takaful Insurance Mr. Mohamed Abdel Gawad said his company has pumped EGP22…
Egypt Has to Undergo ‘Faltering’ Stage Before Restoring High Growth Rates
Egypt will be seeing a stage of an economic unsteadiness before being able to recover and restore high growth rates…
EJB: Egypt’s Political Tensions Prevent Flow of Foreign Investments
Eng. Mohamed Mourad El Zayat, Vice Chairman of Egyptian Junior Business Association (EJB), said the…
Shoe Factories Spend EGP 800 mln on Shoes Production
Egyptian markets witnessed producing more than 80 million pairs of shoes, with EGP 800 million costs, since the…