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Category: Economy

By Rian LordIn Economy, Finance, NewsPosted March 29, 2024

Egypt’s Commitment: Bolstering Bread Subsidies Amid Economic Reform

In a decisive move to support its citizens amidst economic reforms, Egypt has earmarked a substantial $2.66 billion for bread subsidies within the new budget...

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By Noah MillerIn Economy, NewsPosted March 29, 2024

Egypt Secures Vital Vegetable Oils Amidst Global Market Volatility

In a strategic move to bolster its national reserves, Egypt’s General Authority for Supply Commodities (GASC) has successfully procured 35,250 metric tons of vegetable oils...

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By Emma JohnsonIn Economy, NewsPosted March 28, 2024

Egypt’s Innovative Leap: Land Sales in Dollars to Global Buyers

In a groundbreaking move, Egypt has authorized the sale of land plots in dollars to buyers residing abroad. This policy shift aims to attract foreign...

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By Ava WilliamsIn Economy, NewsPosted March 28, 2024

Anticipation Peaks as Egypt and Pakistan Stand on the Precipice of Market Reclassification

The financial world holds its breath as Egypt and Pakistan await the pivotal decision from FTSE Russell on their emerging-market status. The outcome, due to...

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By Emma JohnsonIn Economy, NewsPosted March 26, 2024

Egypt’s Dilemma: The IMF Loan and the Deepening Cost of Living Crisis

In the wake of securing a substantial loan from the International Monetary Fund (IMF), Egypt faces a deepening cost of living crisis, casting a shadow...

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By Rian LordIn Economy, NewsPosted March 25, 2024

Egypt’s Economic Outlook: A Date with the IMF Executive Board

Egypt’s economic future is set to take center stage as the country is listed on the IMF Executive Board’s calendar for March 29. This pivotal...

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By Rian LordIn Economy, NewsPosted March 25, 2024

Record-Breaking Ramadan: Saudi Arabia’s Retail Triumph

As the holy month of Ramadan commenced, Saudi Arabia witnessed a remarkable surge in consumer spending, shattering records with sales exceeding SAR 116 billion in...

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By Ava WilliamsIn Economy, Finance, NewsPosted March 20, 2024

Egypt’s Economic Horizon: S&P’s Outlook Shift from Positive to Stable

In a significant development for Egypt’s economic landscape, Standard & Poor’s has adjusted the nation’s economic outlook. This change reflects a nuanced analysis of the...

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By Noah MillerIn Economy, NewsPosted March 15, 2024

Egypt’s Currency Confidence: Dollar Demand Dips as Economy Stabilizes

In a recent statement that has resonated through the financial corridors of Egypt, the central bank governor has indicated a decline in the demand for...

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By David SmithIn Economy, NewsPosted March 15, 2024

A Historic Leap: Non-Oil Sectors Fuel Half of Saudi Arabia’s GDP

In an unprecedented economic shift, Saudi Arabia’s non-oil sectors have surged to contribute 50% of the nation’s Gross Domestic Product (GDP) in 2023. This landmark...

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