June 29, 2022
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Homeeconomy

economy

Egypt Latest News

Egypt: Economy trapped in a vicious cycle of debt, poverty, and massive crises, report

June 6, 2022 MEO Staff

For the foreseeable future, it appears that Egypt will remain trapped in a vicious state-sponsored economic cycle that disproportionately harms the poor and the middle class, states a key finding of a report by Carnegie.  [ More … ]

Egypt Latest News

Egypt: Mounting debt crisis and economic woes, report

April 17, 2022 MEO Staff

A recent report by London-based Middle East Eye has highlighted Egypt’s economic indicators in the aftermath of the Russia-Ukraine war “Egypt’s debt, which has been sharply increasing in the past decade, is set to reach [ More … ]

Egypt Latest News

Egypt to borrow $73 billion in 2022, S&P Ratings report

April 10, 2022 MEO Staff

Global sovereign borrowing will reach $10.4 trillion in 2022, nearly a third above the average before the coronavirus pandemic, S&P Global Ratings has stated in a recent report that also expected that Egypt’s bond sales [ More … ]

Egypt Latest News

Egypt: Country receives generous Gulf support amid its dire public finances

March 30, 2022 MEO Staff

Both Saudi Arabia and Qatar agree to invest billions of dollars in Egypt, part of an influx of Gulf support to help shore up the country’s poor public finances. The Kingdom of Saudi Arabia and [ More … ]

Column

Egypt: Russia-Ukraine war turns country’s food crisis into existential threat to economy

March 17, 2022 MEO Staff

With the outbreak of the Russia-Ukraine war on Feb. 24, 2022, Egypt’s food security crisis now poses an existential threat to its economy, says Michael Tanchum, an American researcher and academic. Professor Michaël Tanchum, a [ More … ]

Egypt Latest News

Ukraine war prompts foreign investors to sell $1.19 billion of Egyptian bonds

March 9, 2022 MEO Staff

Foreign investors fleeing emerging markets following Russia’s invasion of Ukraine have sold around $1.19 billion of Egyptian treasury bonds in just three days, with activity in the secondary market continuing on Tuesday, according to Reuters. [ More … ]

Column

How Sisi is running a pyramid scheme in Egypt: Ex-Minister Y. Hamed

February 10, 2022 MEO Staff

Yehia Hamed, Egypt’s former investment minister, has published an opinion article on the London-based Middle East Eye, addressing the economic situation in Egypt, where “With the economy in shambles and millions of people mired in [ More … ]

Egypt Latest News

Egypt: $1bn loan from Korea, other $3bn to be raised via bonds

January 17, 2022 MEO Staff

In devotion of Robert Springborg’s description of Egypt as “beggar state”, with respect to reliance on foreign support, South Korea announces it will lend Egypt $1bn, as soft loan South Korea has announced that it [ More … ]

Egypt Latest News

Saudi Arabia Deposits $3bn in Central Bank of Egypt

November 1, 2021 MEO Staff

Saudi Arabia has deposited $3 billion each in the Central Bank of Egypt, according to the Saudi Press Agency (SPA). The SPA Monday report cited a statement by the Saudi Finance Ministry, saying that Riyadh [ More … ]

Egypt Latest News

Egypt’s annual urban inflation hiking in July 2021

August 17, 2021 MEO Staff

Annual core inflation computed by Central Bank of Egypt records 6.4% in July 2021 Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that the annual rate of urban inflation rose to 5.4% [ More … ]

Column: How the US turned on Turkey and ended its planes in Syria
Turkey Latest News

Erdogan called for rate cut, the Turkish lira crashes to record low

June 3, 2021 MEO Staff

Turkey’s lira currency had reached to new all-time lows after president Erdogan called for interest rate cuts in the next two months and said he spoke to the central bank’s new governor about it. “I [ More … ]

Iran Latest News

China and Iran have signed a long-gestating 25-year cooperation

March 31, 2021 MEO Staff

The agreement was signed in Tehran last Saturday by Iran’s Foreign Minister Mohammad Javad Zarif and China’s Foreign Minister Wang Yi. Wang, who touched down in Tehran on Friday for a two-day visit as part [ More … ]

Saudi Arabia News

Saudi Arabia is trying to wean its economy off its reliance on oil exports

March 31, 2021 MEO Staff

Saudi Arabia’s crown prince says oil firm Aramco and petrochemical firm SABIC will lead investments of five trillion riyals ($1.3 trillion) by the country’s private sector by 2030 under an economic diversification programme. The move, [ More … ]

Analysis

Egypt’s Sisi plans to profit from the essential COVID-19 Vaccine

March 14, 2021 MEO Staff

Sisi’s regime has decided to sell the bulk of government procured COVID-19 vaccines, rather than provide them for free. BY; MAGED MANDOUR The two-dose Astra Zeneca inoculation will be sold for 100-200 Egyptian pounds (EGP), though [ More … ]

Tunisia

Tunisia: 200 people arrested in violent protests

January 18, 2021 MEO Staff

More than 200 people were arrested after “riots” targeting public and private property in Tunisia, according to an official in the Tunisian Ministry of Interior. An official in the Tunisian Ministry of Interior said yesterday [ More … ]

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Latest

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Egypt Latest News
June 28, 2022

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Turkey Latest News
June 27, 2022

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Iran Latest News
June 26, 2022

Egypt: Investigation into Ayman Hadhoud’s suspicious death closed

Egypt Latest News
June 25, 2022

Egypt: NGOs call for immediate and unconditional release of Lawyer El-Baqer

Egypt Latest News
June 24, 2022
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