Economy
Amid Brexit, Egypt, Britain sign free trade agreement
December 7, 2020
Amid Brexit, Egypt, Britain sign free trade agreement
Egypt and Britain signed an agreement establishing a trade partnership between the two countries, which will go into effect on…
Hundreds of workers go on strike in Daqahlia to protest selling of factory
December 5, 2020
Hundreds of workers go on strike in Daqahlia to protest selling of factory
Hundreds of workers at the Delta Company for Fertilizers and Chemical Industries (Talkha Fertilizer), a state-owned company in Egypt, staged…
Egypt plans first factory to locally manufacture trains by beginning of 2021
December 2, 2020
Egypt plans first factory to locally manufacture trains by beginning of 2021
Egyptian Transport Ministry plans to start establishing the country’s first factory to locally manufacture trains of all kinds starting from…
Egypt expects US$1.6 billion IMF loan by the end of December: Minister
December 1, 2020
Egypt expects US$1.6 billion IMF loan by the end of December: Minister
Egypt’s Finance Minister Mohamed Maait announced Monday that a US$1.6 billion tranche from the International Monetary Fund (IMF) is anticipated…
Germany approves 80 million euro grant to Egypt
November 30, 2020
Germany approves 80 million euro grant to Egypt
The German parliament has approved providing Egypt the third tranche for the second phase of the Egyptian-German debt swap program…
Egypt’s chemical and fertilizer exports decline to US$4.15 billion over 10 months
November 29, 2020
Egypt’s chemical and fertilizer exports decline to US$4.15 billion over 10 months
Egypt’s exports of chemicals and fertilizers decreased by 4.8 percent during the first ten months of 2020, reaching $4.153 billion…
Tax revenues represent over 80 percent of Egypt’s state budget in Egypt: Official
November 29, 2020
Tax revenues represent over 80 percent of Egypt’s state budget in Egypt: Official
The Egyptian Tax Authority’s (ETA) revenues represent more than 80 percent of the state’s general budget, said an official within…
Egypt tops emerging markets in containing inflation: Report
November 21, 2020
Egypt tops emerging markets in containing inflation: Report
The Egyptian Cabinet media center announced Saturday that Egypt has topped all other emerging markets in containing inflation. According to…
Gold prices take another dive in Egyptian market, 21-karat falls LE5 to LE818
November 17, 2020
Gold prices take another dive in Egyptian market, 21-karat falls LE5 to LE818
Gold prices dropped agian in Egypt on Tuesday, as the price of 21-karat gold (the market’s highest selling gold) fell…
Egypt’s central bank cuts interest rates by 50 basis points
November 13, 2020
Egypt’s central bank cuts interest rates by 50 basis points
Egypt’s central bank cut its main interest rates by 50 basis points on Thursday, moving to support an economy badly…