Economy

Egypt’s external debt rises to US$ 161.23 billion at the end of June

Egypt’s external debt rises to US$ 161.23 billion at the end of June

Egypt’s external debt rose to US$161.23 billion by the end of June, compared to $ 156.689 billion at the end…
CBE, Foreign Ministry launch ‘Open Your Account in Egypt’ for expats

CBE, Foreign Ministry launch ‘Open Your Account in Egypt’ for expats

The Central Bank of Egypt (CBE) and the Ministry of Foreign Affairs, Immigration, and Egyptian Expatriates Affairs launched the “Open…
IMF reveals its position on disbursing support tranche to Egypt

IMF reveals its position on disbursing support tranche to Egypt

The Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour, said that…
Egypt hikes fuel prices: Gasoline up 20-25% on Friday

Egypt hikes fuel prices: Gasoline up 20-25% on Friday

Gasoline and diesel prices in Egypt saw a significant new increase on Friday. The price of all grades of gasoline…
Standard & Poor’s raises Egypt’s rating to ‘B’ with stable outlook

Standard & Poor’s raises Egypt’s rating to ‘B’ with stable outlook

Standard & Poor’s announced on Friday that it has upgraded Egypt’s rating to “B” with a stable outlook. The rating…
Egypt’s Petroleum Minister assures octane price increase will be the last

Egypt’s Petroleum Minister assures octane price increase will be the last

Minister of Petroleum and Mineral Resources Karim Badawi said that the octane price increase will be the last in the…
Turkish investments in Egypt rise up to US$4 billion: Official

Turkish investments in Egypt rise up to US$4 billion: Official

The Head of the Egyptian Commercial Representation and Minister Plenipotentiary for Trade Abdel-Aziz al-Sherif, affirmed that trade and investment relations…
US dollar price in Egypt now returns to its true value: Economist 

US dollar price in Egypt now returns to its true value: Economist 

Economist Sherif Awad explained on Friday that the Central Bank‘s one percent interest rate cut will have a positive impact…
Qatar to launch massive Red Sea tourism project with St. Regis

Qatar to launch massive Red Sea tourism project with St. Regis

The Qatari Ambassador to Egypt, Tariq Faraj al-Ansari, has revealed that Qatari Diar Real Estate Investment Company is preparing to…
Egyptian expat remittances double in a decade, hitting record $36.5 billion

Egyptian expat remittances double in a decade, hitting record $36.5 billion

The Egyptian Cabinet Media Center has released several infographics highlighting the record surge in remittances from Egyptians working abroad and…
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