IMF

Egypt tourism revenue bounces back after crippling dollar shortage: Bloomberg
Economy

Egypt tourism revenue bounces back after crippling dollar shortage: Bloomberg

Egypt’s tourism revenues rose to $1.5 billion in the fourth quarter of 2017, up from $510 million in the same…
Egypt streamlines industrial licensing to boost investment
Egypt

Egypt streamlines industrial licensing to boost investment

Egypt announced executive regulations on Sunday for a new industrial licensing law it says will slash bureaucracy and decrease the…
Egypt’s foreign direct investment rises to about $8.7 bln in FY 2016-17 -Investment Minister
Economy

Egypt’s foreign direct investment rises to about $8.7 bln in FY 2016-17 -Investment Minister

Foreign direct investment in Egypt is expected to have risen to about $8.7 billion in the 2016-17 fiscal year that…
Egypt increases cost of water by up to 50%
Egypt

Egypt increases cost of water by up to 50%

Egypt’s Prime Minister Sherif Ismail signed off on Wednesday to raise drinking water and sewage fees starting August by as…
Egypt Reserves Reach Record High of Over $36 Billion
Economy

Egypt Reserves Reach Record High of Over $36 Billion

Egypt’s foreign reserves reached $36.036 billion in July, a record high, which the prime minister described as “good news” as…
Private sector still faces “risks” after EGP devaluation: Financial Times
Business

Private sector still faces “risks” after EGP devaluation: Financial Times

Factories and entrepreneurs in Egypt are still facing tremendous “risks” after the flotation of the Egyptian pound in November 2016, the…
34% of Egyptians decreased their consumption following waves of subsidy cuts: Baseera
Features/Interviews

34% of Egyptians decreased their consumption following waves of subsidy cuts: Baseera

A poll conducted by the Egyptian Center for Public Opinion Research (Baseera) stated on Monday that 34 percent of Egyptians…
Uber fares in Egypt increase following fuel price hike
Technology

Uber fares in Egypt increase following fuel price hike

The San Francisco-based ride-hailing company Uber increased their base fare prices in Egypt to start at LE6, with the aim of…
Ride-hailing app Careem raises base fare to LE5.5
Technology

Ride-hailing app Careem raises base fare to LE5.5

Following the fuel subsidy cuts, ride-hailing service app Careem has increased their base fares on to start at LE5.5 —…
Egypt to receive third IMF loan of $2 billion between December and January
Economy

Egypt to receive third IMF loan of $2 billion between December and January

Egypt expects to receive a third loan installment worth $2 billion from the International Monetary Fund (IMF) between December and…
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