Egypt’s Cairo and Alexandria topped Numbeo grocery index for 10 African cities with the cheapest groceries mid-2024.

The Numbeo grocery index estimates grocery prices in a city relative to New York City. Numbeo calculates each city’s index using item…

The Financial Times reported today, Friday, that oil prices are heading towards recording the largest weekly increase in two years due to tension in the Middle East.

Source: National Iraqi News Agency

Oil prices jumped, at the end of Thursday’s trading, with attention focused on major crude producers in the Middle East and growing concerns that the expansion of the conflict in the region could pose a threat to global supplies.

Brent crude futures…

The financial and economic cooperation committee of the Gulf Cooperation Council states held its 122nd meeting on Thursday in the Qatari capital, Doha, with Kuwait’s participation.

GCC states have proven that they are able to face challenges and achi…

The European Commission announced Thursday a further 30 million euros (USD 33 million) in urgent humanitarian aid to help those most in need in Lebanon.

This new emergency aid package will provide “urgent food assistance, shelter and health care” amo…

The International Monetary Fund (IMF) will commence the fourth review of Egypt’s Extended Fund Facility (EFF) loan programme in November through an IMF mission visiting Cairo, Minister of Planning, Economic Development, and International Cooperation R…

Egypt’s GDP growth reached 2.4 percent in the final quarter of FY2023/2024, culminating in an annual growth rate of 2.4 percent, a decline from the 3.8 percent growth seen in FY2022/2023, according to the Ministry of Planning and Economic Development….