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Egyptian economic growth will be slower than previously expected as its pound weakens, inflation cuts into purchasing power and fallout from the Gaza crisis eats into the country's main sources of foreign currency, a Reuters poll showed on Wednesday. The crisis in neighbouring Gaza that started in October has also weakened the tourism outlook. "Developments over the past month have seen the country being hit hard from various angles and directly to its main revenue generators," Pieter du Preez of Oxford Economics wrote in a client note this week.

Egyptian economic growth will be slower than previously expected as its pound weakens, inflation cuts into purchasing power and fallout from the Gaza crisis eats into the country's main sources of...

By Patrick Werr CAIRO (Reuters) - Egypt's sovereign wealth fund is finalising a masterplan to revamp Cairo's historic centre now that government ...

By Krishn Kaushik, Idrees Ali and Phil Stewart NEW DELHI/WASHINGTON (Reuters) -The Indian Navy said on Thursday it had rescued the crew of a U.S.-owned vessel in the Gulf of Aden after an attack by Yemen's Houthi movement as tensions in the region's sea lanes disrupted global trade. Following the attack on the U.S. Genco Picardy late on Wednesday, the U.S. military said its forces had conducted strikes on 14 Houthi missiles that presented an imminent threat to merchant vessels and U.S. Navy ships in the region . Attacks by the Iran-allied Houthi militia on ships in and around the Red Sea since...

A sharp downturn in revenue after sea attacks by Yemen's Houthis diverted away shipping away from the Suez Canal has struck a painful new blow to Egypt's already deteriorating economy, adding urgency...