Egypt private sector activity extends contraction in May as inflation weighs
Non-oil private sector activity in Egypt contracted for an 18th month in May as the Ukraine crisis, import restrictions and a devalued currency put pressure on prices, a survey showed on Sunday.
Suez Canal sees record monthly revenue in April on higher traffic
Egypt's Suez Canal recorded its highest monthly revenue to date in April, reaping $629 million in ship transit fees, the authority managing the waterway said on Sunday, as traffic rebounded from the impact of the pandemic.
African Development Bank Group President wraps up three-day visit to the UAE
African Development Bank Group President Dr Akinwumi A. Adesina wrapped up an official visit to the United Arab Emirates on Friday. The three-day visit...
WB – MENA Region: Economy digitalisation could increase GDP per capita by at least 46% over 30 years
The full digitisation of the economy in the Middle East and North Africa region could increase GDP per capita by at least 46 % over 30 years, which in the long run would represent an estimated gain of at least 1.6 trillion dollars for the region, the World Bank said in a report released on Wednesday.