Economy

Egypt’s economic performance amid coronavirus surpasses all expectations: Minister

Egypt’s economic performance amid coronavirus surpasses all expectations: Minister

Egyptian Finance Minister Mohamed Maait announced Saturday, that the Egyptian economy’s financial performance amid the coronavirus pandemic has exceeded all…
Gold prices in Egypt down by LE2, 21-karat gold at LE827

Gold prices in Egypt down by LE2, 21-karat gold at LE827

Gold prices declined in Saturday’s early trade in the Egypt market, following a fall in global prices. The price of…
70 French companies explore investment opportunities in Egypt

70 French companies explore investment opportunities in Egypt

Egypt’s Minister of Planning and Economic Development Hala al-Saeed held an expanded video conference seminar with representatives from 70 French…
Egypt registers primary surplus of LE100 mn in Q1 FY20-21

Egypt registers primary surplus of LE100 mn in Q1 FY20-21

Egypt registered a primary budget surplus of LE 100 million (US$6.39 million) in the first quarter of its 2020-2021 financial…
France willing to take part in Egypt’s Ain Sokhna/Alamein city high-speed railway project

France willing to take part in Egypt’s Ain Sokhna/Alamein city high-speed railway project

The French government has expressed interest in Egypt’s new high-speed railway project, offering its cooperation in the field of electromechanical…
Egypt increases imports, encourages domestic production to maintain food security amid pandemic

Egypt increases imports, encourages domestic production to maintain food security amid pandemic

Egypt has expanded its import contracts and successfully met public demand for food by following a government action plan that…
Egypt’s garment factories reduce production by 50 percent ahead of fall season

Egypt’s garment factories reduce production by 50 percent ahead of fall season

The chief of Egypt’s Ready-made Garments Chamber, Mohamed Abdel Salam, said on Monday that several local clothing factories reduced their…
Since 2014, Egypt spent over LE4 trillion to correct economic course: Madbouly

Since 2014, Egypt spent over LE4 trillion to correct economic course: Madbouly

Egyptian Prime Minister Mostafa Madbouly on Saturday said that since 2014 the government has spent more than four trillion LE…
Deep falls in Egypt’s inflation could prompt IMF consultation

Deep falls in Egypt’s inflation could prompt IMF consultation

Egypt’s inflation has fallen to some of its lowest levels in well over a decade, potentially triggering consultations with the…
Egypt’s non-oil private sector returns to growth in September: PMI

Egypt’s non-oil private sector returns to growth in September: PMI

Egypt’s non-oil private sector grew in September, its first expansion in 14 months, and a sign Egypt may be over…
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