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CAIRO, March 2 (Reuters) - Egyptian President Abdel Fattah al-Sisi announced on Thursday a package of measures, including state wage and pension raises, aimed at easing economic pressures, hours after a hike in gasoline prices came into eff... | Mar. 02
Egypt's oil ministry has announced a rise in the price of fuel effective Thursday, as the Arab world's most populous nation struggles with inflation and is sapped dry of dollars.The Egyptian economy was hit hard after Russia's February 2022 invasion of Ukraine unsettled global investors, leading them to pull billions out of the North African country.The war has sent wheat prices spiralling, heavily impacting Egypt -- one of the world's largest grain importers -- and piling pressure on its foreign currency reserves.
Archaeologists in Egypt have discovered a collection of more than 20 ancient tombs from the Persian, Roman, and Coptic eras.
Global law firm Baker McKenzie has received GFC Media's Bonds, Loans & ESG Capital Markets Africa Banking & Finance Legal Adviser of the Year award for 2023.
On January 3rd, around 2 a.m. in the coastal Libyan city of Sirte, masked gunmen banged on the door of a dormitory for Egyptian workers. “We came for [...]