economy

Moody’s alters outlook for five Egyptian banks to negative
Business

Moody’s alters outlook for five Egyptian banks to negative

Global credit rating agency Moody’s Investors Service has altered the outlook for five Egyptian banks, bringing their long-term deposit ratings…
IMF begins review of Egypt’s economic reform program
Egypt

IMF begins review of Egypt’s economic reform program

An International Monetary Fund (IMF) team, led by the head of the fund’s mission to Egypt Ivanna Vladkova Hollar, began…
‘Sick man of Europe?’ Germany says it just needs a coffee
World

‘Sick man of Europe?’ Germany says it just needs a coffee

London CNN  —  Germany’s finance minister has shrugged off suggestions his country has once again become the “sick man” of…
‘A tough new year for Egypt’ – Moody’s expects significant economic pressures
Business

‘A tough new year for Egypt’ – Moody’s expects significant economic pressures

The Moody’s credit rating agency anticipates that Egypt will face significant pressures in 2024 for both debt and financial liquidity.…
The rich and powerful are meeting in Davos. Here’s what they’re talking about
World

The rich and powerful are meeting in Davos. Here’s what they’re talking about

New York CNN  —  Switzerland’s skies are ablaze this week with jets carrying business and political leaders, news pundits and…
China’s double whammy: Exports fell for the first time in 7 years, as domestic demand dips
World

China’s double whammy: Exports fell for the first time in 7 years, as domestic demand dips

Hong Kong CNN  —  China’s economy had a bad 2023 and the outlook isn’t much better. Exports for the year…
Egypt prepares to receive World Bank mission
Egypt

Egypt prepares to receive World Bank mission

Minister of International Cooperation and Governor of Egypt at the World Bank Group, Rania al-Masha, highlighted the importance of Egypt’s…
Egypt aims to launch digital currency by 2030
Egypt

Egypt aims to launch digital currency by 2030

The Information and Decision Support Center of the Egyptian Council of Ministers prepared a research project, “The Document on the…
Central Bank yet to announce flotation of Egyptian pound: MP
Economy

Central Bank yet to announce flotation of Egyptian pound: MP

Senate member Ahmed Samir said that the Central Bank of Egypt (CBE) has not officially announced the flotation of the…
Xi Jinping rings in 2024 with rare admission that China’s economy is in trouble
World

Xi Jinping rings in 2024 with rare admission that China’s economy is in trouble

Hong Kong CNN  —  China’s businesses are struggling and job seekers have trouble finding work, President Xi Jinping acknowledged during…
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