Economy
Company profits in Egypt surge to pre-pound flotation rates: Bloomberg
November 29, 2019
Company profits in Egypt surge to pre-pound flotation rates: Bloomberg
Profits recorded by Egyptian companies have returned to pre-November 2016 rates, when the Egyptian pound was floated, according to a…
Photos: South Korean president opens ASEAN summit
November 26, 2019
Photos: South Korean president opens ASEAN summit
South Korean President Moon Jae-in on Tuesday opened the ASEAN summit, aimed at improving economic cooperation which has risen nearly…
CBE governor who led Egypt through worst currency crisis in 30 years to serve second term in office
November 26, 2019
CBE governor who led Egypt through worst currency crisis in 30 years to serve second term in office
Egyptian President Abdel Fattah al-Sisi has renewed Tarek Amer’s term as governor of the Central Bank of Egypt (CBE), al-Borsa newspaper reported…
Beltone Financial expects 6.1% growth rate for Egyptian economy in 2020/21
November 19, 2019
Beltone Financial expects 6.1% growth rate for Egyptian economy in 2020/21
Beltone Financial, one of the largest investment banks in the Middle East and North Africa, expects the Egyptian economy to…
Egypt’s tourism sector witnesses notable jump in revenues
November 15, 2019
Egypt’s tourism sector witnesses notable jump in revenues
An official source from The Central Bank of Egypt (CBE) said on Thursday that tourism sector revenues have increased by…
Egypt’s central bank makes third straight cut to interest rates
November 15, 2019
Egypt’s central bank makes third straight cut to interest rates
Egypt’s central bank cut its key interest rates on Thursday for the third consecutive time, after inflation fell to its…
UAE, Egypt launch $20 billion investment platform: Abu Dhabi crown prince
November 14, 2019
UAE, Egypt launch $20 billion investment platform: Abu Dhabi crown prince
The United Arab Emirates and Egypt have launched a $20 billion investment platform for economic and social projects, the crown…
Egypt’s annual rate of inflation increases to 2.7 percent: CBE
November 11, 2019
Egypt’s annual rate of inflation increases to 2.7 percent: CBE
Egypt’s annual rate of inflation increased to 2.7 percent in October up from 2.6 percent in September, The Central Bank of…
Egypt’s HCMLT to soon contract global consultant for restructuring
November 11, 2019
Egypt’s HCMLT to soon contract global consultant for restructuring
The Holding Company for Maritime and Land Transport (HCMLT) will soon seal a contract with an international consultancy office that…
Egyptian agriculture sector investments at LE42.1 billion during 2019/20: Minister
November 9, 2019
Egyptian agriculture sector investments at LE42.1 billion during 2019/20: Minister
Egyptian Minister of Planning, Follow-up and Administrative Reform Hala al-Saeed announced on Saturday that the investments targeted for the agricultural…