Economy
Turkish lira slides on trade war unease, hit by ‘flash crash’
August 26, 2019
Turkish lira slides on trade war unease, hit by ‘flash crash’
ISTANBUL/ANKARA (Reuters) – The Turkish lira weakened more than 1% against the dollar on Monday, after briefly tumbling to 6.47…
Egypt’s Gold prices up by LE13 per gram, 21 carats at LE705
August 24, 2019
Egypt’s Gold prices up by LE13 per gram, 21 carats at LE705
Gold prices have risen in the local market on Saturday by about LE13, boosted by rising global markets. The price…
Egypt’s New Administrative Capital to host ‘Invest in Africa 2019’ conference
August 24, 2019
Egypt’s New Administrative Capital to host ‘Invest in Africa 2019’ conference
Egypt’s Minister of Investment and International Cooperation Sahar Nasr discussed preparations for organizing the “Invest in Africa 2019” conference set…
Iran moves to strike 4 zeroes from its battered currency
August 22, 2019
Iran moves to strike 4 zeroes from its battered currency
TEHRAN, Iran (AP) — Iran’s president sent a bill to parliament Wednesday that would cut four zeroes from the value…
Harvard: Egypt’s economy to grow by 6.8 percent until 2027
August 19, 2019
Harvard: Egypt’s economy to grow by 6.8 percent until 2027
Egypt’s Prime Minister Mostafa Madbouly examined a report from the Harvard Institute for International Development which anticipates that the Egyptian…
Egypt’s Finance Ministry allocates LE5 bn to build 13 industrial parks
August 18, 2019
Egypt’s Finance Ministry allocates LE5 bn to build 13 industrial parks
Egyptian Finance Minister Mohamed Maait announced on Saturday that LE5 billion from the state’s budget has been allocated towards the…
Egypt aims to reduce government debt to 77.5% by June 2022
August 17, 2019
Egypt aims to reduce government debt to 77.5% by June 2022
The Egyptian Finance Ministry announced on Friday that the government is targeting the budget for the fiscal year 2019/2020 with…
Egypt to increase oil production to 690,000 barrels per day: minister
August 13, 2019
Egypt to increase oil production to 690,000 barrels per day: minister
Egyptian Minister of Petroleum Tarek al-Mulla announced a program to increase oil production and make further oil discoveries. In remarks…
Egypt’s foreign currency reserves increase to US$44.916 bn in July: CBE
August 7, 2019
Egypt’s foreign currency reserves increase to US$44.916 bn in July: CBE
The Central Bank of Egypt (CBE) said on Tuesday that the value of the country’s foreign currency reserves reached US$44.916…
Suez Canal makes record revenues in 2018/2019 fiscal year
August 6, 2019
Suez Canal makes record revenues in 2018/2019 fiscal year
The head of the General Authority for the Suez Canal Economic Zone (SCZone) Mohab Mamish announced on Tuesday that revenues…