Economy
IMF says Egypt prioritizes spending on health, education, and social protection
August 11, 2020
IMF says Egypt prioritizes spending on health, education, and social protection
The International Monetary Fund (IMF) on Monday announced that Egypt is mobilizing its revenues to prioritize spending on health, education,…
Egypt’s gold prices down by LE14 per gram, 21-karat at LE910
August 8, 2020
Egypt’s gold prices down by LE14 per gram, 21-karat at LE910
Gold prices declined significantly in Egypt and internationally on Saturday. The price of 21-karat gold, the most popular in Egypt,…
Egypt’s net foreign reserves edge up to US$38.31 bn in July – Central Bank
August 6, 2020
Egypt’s net foreign reserves edge up to US$38.31 bn in July – Central Bank
CAIRO, Aug 6 (Reuters) — Egypt’s net foreign reserves rose slightly to US$38.315 billion in July from $38.202 billion in…
Egypt’s private economic activity hits 1-year high – PMI
August 6, 2020
Egypt’s private economic activity hits 1-year high – PMI
CAIRO, Aug 5 (Reuters) — A contraction in Egypt’s non-oil private sector slowed to its lowest rate in a year…
US dollar to Egyptian pound exchange rate remain stable
July 30, 2020
US dollar to Egyptian pound exchange rate remain stable
US dollar to Egyptian pound exchange rates remained stable on Thursday at the Central Bank of Egypt, recording LE15.93 for…
Ten facts about Egypt’s new Robbiki Industrial City
July 29, 2020
Ten facts about Egypt’s new Robbiki Industrial City
Egyptian President Abdel Fattah al-Sisi on Tuesday inaugurated Egypt’s new Robbiki Industrial City for Spinning, Weaving and Leather Industry, the…
US dollar to Egyptian pound exchange rates stable on Tuesday
July 28, 2020
US dollar to Egyptian pound exchange rates stable on Tuesday
The US dollar to Egyptian pound exchange rate witnessed stable prices on Tuesday at the Central Bank of Egypt, recording…
Egypt’s furniture exports fall 33% during past 6 months
July 26, 2020
Egypt’s furniture exports fall 33% during past 6 months
The Egyptian Furniture Export council (EFEC) revealed Monday that the sector’s exports fell from January to June by 33 percent…
Egypt’s inflation hits lowest level in 14 years: Cabinet
July 25, 2020
Egypt’s inflation hits lowest level in 14 years: Cabinet
Egypt’s government announced Saturday that the country’s inflation rate during 2019/2020 has seen its best level in 14 years since…
UN: Arab economies to shrink by 5.7% amid virus fallout
July 23, 2020
UN: Arab economies to shrink by 5.7% amid virus fallout
BEIRUT (AP) — The pandemic will exact a heavy toll on Arab countries, causing an economic contraction of 5.7 percent…