Economic

Spotlight on GEM: Investment min.: GEM’s launch marks milestone in cultural, economic progress

CAIRO, Oct 28 (MENA) – Minister of Investment and Foreign Trade Hassan al-Khatib said the opening of the Grand Egyptian Museum (GEM) comes at a time that coincides with a notable boom Egypt is experiencing across all domains, creating a positive global momentum towards Egypt. In an editorial to MENA, he wrote “Recently, the world’s …

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Egypt Independent October 30, 2025

Global economic slowdown in 2024 – Cabinet Center

The Cabinet’s Information and Decision Support Center said on Sunday 22/12/2024 a global economy slowdown was reported in 2024 prompted by economic, geopolitical and climate challenges in light of growing bank interest rate and repercussions of Israeli war on Gaza and Russian war on Ukraine. A report by the center monitoring performance of global economy …

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Egypt Independent December 23, 2024

Trump’s tariffs could usher in a worst-case economic scenario not seen since the 1970s

New York CNN — Jamie Dimon, head of America’s largest bank, JPMorgan Chase — and commonly referred to as the ‘president of Wall Street’ — spent much of this past year warning that there’s an elevated risk that the US experiences 1970s-esque stagflation, which is when economic growth stagnates while inflation heats up. “I look …

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Egypt Independent December 18, 2024

Harris and Trump both hate inflation. Their economic proposals could cause prices to go higher

CNN — Inflation is slowly moving back to what’s considered a more sustainable pace, but for many Americans, it’s hard to take solace: The post-pandemic spike in price hikes drastically increased the cost of living. Both Vice President Kamala Harris and former President Donald Trump have pledged to bring those costs down. But some economists …

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Egypt Independent August 20, 2024