Economy
Net foreign reserves record US$45.118 bn in September
October 3, 2019
Net foreign reserves record US$45.118 bn in September
The net foreign reserves in the Central Bank of Egypt at the end of September recorded about US$45.118 billion, up…
Egypt’s tourism revenues reach US$12.6 bn during 2018-2019 fiscal year
October 2, 2019
Egypt’s tourism revenues reach US$12.6 bn during 2018-2019 fiscal year
Egyptian tourism revenues reached US$12.57 billion, compared to $9.80 billion during the 2017-2018 fiscal year, the privately-owned al-Mal newspaper reported…
US dollar maintains stable rates against Egyptian pound
September 28, 2019
US dollar maintains stable rates against Egyptian pound
The US dollar maintained stable rates against the Egyptian pound on Saturday morning, with an average exchange rate of LE16.30.…
Egypt dollar bonds extend losses after weekend protests
September 25, 2019
Egypt dollar bonds extend losses after weekend protests
Egyptian dollar bonds issued by the government extended losses for a second day on Tuesday in the wake of protests…
Egyptian economist says dollar to stand at LE16
September 19, 2019
Egyptian economist says dollar to stand at LE16
Egyptian economist Walid Gaballah predicted that the Egyptian pound-dollar exchange rate will decline to LE16 per dollar. The economist stated this…
US dollar prices decline in Egyptian banks
September 19, 2019
US dollar prices decline in Egyptian banks
US dollar exchange rates declined against the Egyptian Pound on Thursday in bank dealings following decreases in the dollar’s value…
Egypt launches new program to stimulate exports: Prime Minister
September 17, 2019
Egypt launches new program to stimulate exports: Prime Minister
Egyptian Prime Minister Mostafa Madbouly on Monday announced the launching of a new program to stimulate exports, alongside the commencement…
Egypt’s inflation rate records 11.5 percent in January-August: CAPMAS
September 11, 2019
Egypt’s inflation rate records 11.5 percent in January-August: CAPMAS
Egypt’s inflation rate recorded 11.5 percent in January-August 2019, compared to the same period in 2018, while prices of food…
Egypt to issue international bonds and diversify currency to hedge against risks
September 9, 2019
Egypt to issue international bonds and diversify currency to hedge against risks
Egyptian Finance Minister Mohamed Maait announced on Monday that his country intends to issue international bonds worth between US$3-7 billion…
General Federation of Poultry suspends poultry imports
September 6, 2019
General Federation of Poultry suspends poultry imports
The General Federation of Poultry (GFP) producers announced on Friday morning a decision to suspend the import of poultry and…