Economy
Egypt seeking self-sufficiency in petroleum during 2022-2023: PM
August 29, 2020
Egypt seeking self-sufficiency in petroleum during 2022-2023: PM
Egyptian Prime Minister Mostafa Madbouly announced Saturday that Egypt is aiming to achieve self-sufficiency in petroleum during fiscal year 2022-2023.…
Coronavirus reduces Egypt’s exports of potatoes: UPEHC
August 23, 2020
Coronavirus reduces Egypt’s exports of potatoes: UPEHC
The head of the Union for Producers and Exporters of Horticultural Crops (UPEHC) Mohamed Heggi announced Saturday that Egypt’s exports…
Egypt among emerging markets most likely to maintain positive GDP outlook: Fitch
August 23, 2020
Egypt among emerging markets most likely to maintain positive GDP outlook: Fitch
Egypt is one of the few major emerging markets to maintain its positive Growth Domestic Product (GDP) outlook despite the…
Unemployment in Egypt up 1.9% in 2nd quarter of 2020 due to COVID-19: CAPMAS
August 18, 2020
Unemployment in Egypt up 1.9% in 2nd quarter of 2020 due to COVID-19: CAPMAS
Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) announced that the nation’s unemployment rate has increased to a total…
Egypt sells 605.3 mln in Euro-denominated T-bills – central bank
August 18, 2020
Egypt sells 605.3 mln in Euro-denominated T-bills – central bank
Egypt has sold 605.3 million euros in one-year Euro-denominated treasury bills, the central bank said on Monday. The average yield…
Five factors behind the recent decline in gold prices
August 13, 2020
Five factors behind the recent decline in gold prices
Gold prices fell during trading on Tuesday, in the worst daily decline since last March. The spot price fell to…
Europe approves US$100 mn loan to Egypt’s Banque Misr: Minister
August 12, 2020
Europe approves US$100 mn loan to Egypt’s Banque Misr: Minister
The European Bank for Reconstruction and Development (EBRD) has approved support for the Egyptian economy with a US$100 million loan…
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…