economy
Egypt sees lower budget deficit, higher primary surplus in FY 2019/20
Business
September 4, 2019
Egypt sees lower budget deficit, higher primary surplus in FY 2019/20
CAIRO, Sept 3 (Reuters) – Egypt is targeting a budget deficit of 7.2 percent this fiscal year, the finance minister…
Equities, yuan plunge as Trump escalates trade war with China
World
August 26, 2019
Equities, yuan plunge as Trump escalates trade war with China
Asian equity markets tanked and the yuan hit an 11-year low Monday after US President Donald Trump ramped up his…
Egypt’s Gold prices up by LE13 per gram, 21 carats at LE705
Business
August 24, 2019
Egypt’s Gold prices up by LE13 per gram, 21 carats at LE705
Gold prices have risen in the local market on Saturday by about LE13, boosted by rising global markets. The price…
Egypt aims to reduce government debt to 77.5% by June 2022
Business
August 17, 2019
Egypt aims to reduce government debt to 77.5% by June 2022
The Egyptian Finance Ministry announced on Friday that the government is targeting the budget for the fiscal year 2019/2020 with…
Asia stocks slump on recession fears
World
August 15, 2019
Asia stocks slump on recession fears
Asian markets fell Thursday after the Dow suffered its worst day of the year as fears of a global recession…
Egypt’s unemployment rate drops to 7.5 percent
Egypt
August 13, 2019
Egypt’s unemployment rate drops to 7.5 percent
Egypt’s cabinet released an official statement announcing the decline of the unemployment rate in Egypt, which fell from 9.9 percent…
Deputy Minister: To combat Egypt’s rising poverty, government must study causes
Egypt
August 4, 2019
Deputy Minister: To combat Egypt’s rising poverty, government must study causes
Egypt’s Deputy Minister of Planning, Follow up and Administrative Reform for Planning Affairs Ahmed Kamali said that the government must…
Sources: Egypt’s government to sign agreement with IMF
Business
July 28, 2019
Sources: Egypt’s government to sign agreement with IMF
Egypt’s government has announced that a new technical agreement will be signed with the International Monetary Fund (IMF) to implement…
Finance Minister expresses pride in Egypt’s economic performance
Economy
July 17, 2019
Finance Minister expresses pride in Egypt’s economic performance
During a press conference on Wednesday at the Cabinet headquarters to announce the Cabinet’s economic performance, Minister of Finance Mohamed…
CAMPAS: Foreigners working at Egypt’s private sector rise by 9.7 percent
Economy
July 15, 2019
CAMPAS: Foreigners working at Egypt’s private sector rise by 9.7 percent
The Central Agency for Public Mobilization and Statistics (CAMPAS) released their annual statistics showing that the number of foreigners working…