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Economics

The ratings agency, Fitch, downgrades Israel's credit rating

Israel's credit rating is being downgraded by Fitch. This article explains how the country is handling the war with Hamas and its economic impact.

Economics

The Saudi economy exceeds USD1 trillion for the second year in a row

This article explains that the non-oil sector in Saudi Arabia grew 4.4 percent in 2023 but real gross domestic product (GDP) declined by 0.8 percent.

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22 May 2022

Economics

Egypt is Africa's top investment destination

This article explains why Egypt continues to be Africa's top investment destination, accounting for 18.6 percent of the region's total investment.

Economics

Egyptian banks' profits are expected to increase after the Egyptian pound floats against the US dollar

A securities and bond trading company, HC Securities & Investment, does not expect interest rates to be lowered before the end of this year or the beginning of next. It is likely, therefore, that the banking sector will benefit from high treasury returns.

Economics

Four measures explain Egypt's shift from a deficit in external financing to a surplus

Fitch, the international credit rating agency, says that Egyptian banks' foreign currency liquidity levels improved with the net foreign asset deficit decreasing to USD 2.8 billion, explains Ahmad Abdel Rahman.

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