An ongoing economic crisis in Egypt is shaking the country’s seafood sector, as it faces historic currency devaluation, rising inflation levels, and foreign currency shortages. The country’s inflation rate spiked…
Tag:
Egypt
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EconomyEgyptNewsNorth Africa
Egypt Targets Primary Surplus of 2.5% in Fy 2024, Debt-to-GDP Ratio of Less Than 80% by 2026/27: Maait
by Prasad Bandaby Prasad BandaMinister of Finance Mohamed Maait has affirmed the government’s commitment to achieving financial targets during the current fiscal year, which ends in June, despite the global challenges. Maait said, in…
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EgyptEnvironmentNewsNorth Africa
Egypt Eyes Further Assistance From World Bank for Household Natural Gas Connection Project
Egypt is looking forward to reaching an agreement with the World Bank Group (WBG) over the possibility of receiving an additional support for the Household Natural Gas Connection Project, as…
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EconomyEgyptNewsNorth Africa
Egypt Provides Promising Investment Opportunities Despite Challenges: Golden Brokers
by Myint Nyanby Myint NyanThe Golden Brokers said that Egypt faces high inflation and its currency, the Egypt’s pound, depreciated almost 50% against the USD since March 2022, the country offers interesting investment opportunities.…
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EconomyEgyptNewsNorth Africa
Fitch Downgrades Egypt to ‘B’ as Economy Reels
by Kan Khineby Kan KhineGlobal rating agency Fitch has downgraded Egypt’s outlook to ‘B’ from ‘B+’. The outlook for the country remains negative. According to Fitch’s Primary Rating analyst, Laure de Nervo, the main…
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EconomyEgyptNewsNorth Africa
Egypt Faces First Fitch Downgrade in a Decade as Economic Struggle Continues
Fitch Ratings, one of the ‘Big Three’ credit rating agencies, downgraded Egypt’s sovereign credit rating – an assessment of a country’s ability to meet its foreign currency obligations – from…
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AlgeriaEgyptNewsNorth Africa
Egypt, Algeria Discuss Cooperation in Education Domain
by Deepak Mirzaby Deepak MirzaCAIRO, May 9 (MENA): Minister of Education and Technical Education Reda Hegazy discussed Monday night with Algerian Minister of National Education Abdelhakim Belabed cooperation between the two countries in the…
