Economy

Turkish lira slides on trade war unease, hit by ‘flash crash’

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

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

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

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

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

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

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

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

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

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…
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