CAIRO Egypt is rushing ahead with plans for an expansion of its metro and railway networks and is near agreement with Bechtel Corp to implement Cairo's sixth metro line, Transport Minister Kamel al-Wazir said on Monday.
CAIRO Inflation in Sudan has risen to one of the highest levels in the world, and the country risks slipping into hyperinflation unless it gets its budget deficit and money supply under control, economists say.
CAIRO Sudanese banks have started moves to re-establish relations with foreign banks as the United States prepares to remove Sudan from its state sponsor of terrorism (SSOT) list, although bankers and analysts say the process will likely be slow.
CAIRO, Nov 17 Sudanese banks have started moves
to re-establish relations with foreign banks as the United
States prepares to remove Sudan from its state sponsor of
terrorism (SSOT) list, although bankers and analysts say the
process will likely be slow.
CAIRO Egypt's central bank is forecast to leave its main interest rate unchanged at a meeting on Thursday, though a large minority of analysts expect a cut of 50 basis points against an inflation backdrop at multi-year lows, a Reuters poll showed.
GDP poll data
CAIRO Commercial International Bank (CIB) Chairman Hisham Ezz al-Arab is stepping down with immediate effect under orders from the central bank, which cited compliance concerns at the Egyptian lender as it approved his successor's appointment on Friday.
CAIRO Egypt's inflation has fallen to some of its lowest levels in well over a decade, potentially triggering consultations with the International Monetary Fund under the conditions of a new $5.2 billion loan.
MEMPHIS, Egypt Egypt is building two highways across the pyramids plateau outside Cairo, reviving and expanding a project that was suspended in the 1990s after an international outcry. | Video
CAIRO A small black market in the Egyptian pound has re-emerged in the last few days as the coronavirus takes a toll on the country's main sources of foreign currency, three bankers and businessmen said on Monday.