Economy

The Central Bank of Egypt (CBE) will likely hold an auction to sell dollars to local banks before 30 June, a senior banking source told Al-Masry Al-Youm, the day on which mass protests will demand early presidential...

Finance Minister Fayyad Abdel Moneim said Monday that customs revenues hit LE14.15 billion between July 2012 and May 2013. LE1.019 billion of that figure had been accumulated in May alone, he said in a statement, with...

Egypt's government is in the late stages of verifying its economic reform programme with the International Monetary Fund (IMF) before obtaining a $4.8 billion IMF loan, its central bank governor said on Saturday....

Revenues from Egypt's Suez Canal rose 1 percent in May from a year earlier to $438.1 million, the State Information Portal said on Thursday. In May 2012 the figure was $434.6 million, while in April 2013 it was $...

Egypt's main state wheat buyer, the General Authority for Supply Commodities (GASC), said on Thursday it had at least five months' worth of wheat stocks and expected an additional two months' supply once the...