The country’s GDP currently stands at €1.75tn and its growth rates are extremely anaemic, reaching just 0.9%. real per capita gross domestic product (GDP), according to reliable calculations
Latest in Highlight
It’s been dismissed as a protest vote. But with Italian voters likely to reject a reform package in a plesbiscite, fears are growing that it could signal the beginning of the end of the euro.
Egypt had 29.8% of the total Arab remittances from Britain, says Fattouh
The euro and pound have fallen as the Brexit referendum approaches in the UK. With the “remain” and “leave” camps running almost level in the polls the markets are reflecting the uncertainty, as wary voices grow.
The European Commission has revised downward its expectations for economic expansion in the 19-member eurozone. Its spring outlook revealed particular concerns about developments in Spain and France.
These certificates are similar to the ‘Belady’ dollar certificates that the three banks offered at the beginning of March.
NBE, Banque Misr, Banque du Caire will offer three-year certificate to Egyptians living within the country and five-year certificate to those living in Europe
High production costs, weak public and private investment threaten the agricultural sector with collapse
The word “gold” makes up 40% of financial searches online
As thousands of Greek pensioners demonstrated in central Athens on Thursday against cuts demanded under an international bailout, the public sector union called its second nationwide anti-austerity strike in under a month
Political and economic turbulences in some export countries reduced exports’ revenues, company expands in new markets
Latin Americans and Asians are happy that they do not need the help of the International Monetary Fund (IMF). But, Europe can no longer function without it. What’s behind the IMF’s interest in Greece?
On the black market, the lowest selling price for the US dollar was EGP 7.15 while the highest prices ranged between EGP 7.57 to EGP 7.59.
The downbeat atmosphere was compounded in some markets by another disappointing set of manufacturing figures from China that added to concerns about growth in the world’s number two economy.
Reuters – Kuwait’s sovereign wealth fund will invest 500m euros ($676m) in Italian companies in coordination with Italy’s own strategic investment fund, Prime Minister Enrico Letta said on Tuesday. The deal follows similar agreements with Qatar’s investment fund last year to invest in Italian companies operating in the fashion, food and tourism sectors and a …
The lira weakened beyond 2.33 to the dollar, meaning Turks now need more than twice as many lira to buy dollars as they did at the currency’s peak six years ago, a costly decline in a nation heavily dependent on imports.
“We are in a better place but… we’re not out of the woods,” said Olivier Blanchard, IMF chief economist
Democratic reform is a condition for supporting Egypt’s budget; MEPs call for abolishing the death penalty in Egypt
As Spain seems closer to a sovereign bailout, Catalonia reach out for a $6.3b government rescue
Germany’s Chancellor gives Greece eurozone hope, after talk with its prime minister
By Islam Zayed A high-ranking source at the Ministry of Finance (MOF) revealed that the government is working on several projects regarding relief of public debt, reduction of budget’s deficit and reforming the Egyptian economy, all in parallel. The Foreign Relations Department at the Ministry of Planning and International Cooperation (MPIC) continues to negotiate the …
By Waleed Abdel Azim The exchange rates of different currencies have stabilised during the Eid holiday and demand has not increased for any of the major currencies. The US dollar recorded a rate of 6.08, the Euro recorded a rate of 7.55 and the GB pound recorded a rate of 9.85 to the Egyptian pound. …
Spain still facing a huge repayment crunch, warned analysts
Asian markets remain higher, following Germany refusal to take action towards the eurozone debt
Brelin (AFP) — The top US finance official began meetings with his German counterpart and the head of the European Central Bank Monday, fuelling hopes Europe is readying decisive action to save the crisis-wracked eurozone. US Treasury Secretary Timothy Geithner met Wolfgang Schaeuble on a holiday island off the north German coast amid pressure on …
European and US stock markets mostly rose on Monday while the euro fell against the dollar