Economy
Egypt registers primary surplus of LE100 mn in Q1 FY20-21
October 15, 2020
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
October 14, 2020
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
October 13, 2020
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
October 12, 2020
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
October 11, 2020
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
October 9, 2020
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
October 5, 2020
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…
Egypt says external debt slumps for the first time in over 4 years
October 4, 2020
Egypt says external debt slumps for the first time in over 4 years
The Cabinet Media Center on Sunday said that Egypt has successfully reversed its external debt curve, declining for the first…
Egypt’s gold prices rise by LE12 over a week
October 4, 2020
Egypt’s gold prices rise by LE12 over a week
Gold prices rose by LE12 in Egypt’s local market over the course of a week, while an ounce rose by…
Egypt mulls operating multipurpose terminal in Alexandria Port with Singapore
October 3, 2020
Egypt mulls operating multipurpose terminal in Alexandria Port with Singapore
Egyptian Transport Minister Kamel al-Wazir met with the Singaporean ambassador in Cairo Dominic Goh and officials from the PSA (Port…