Economy
Egypt expects IMF loan final tranche in July – deputy finance minister
May 8, 2019
Egypt expects IMF loan final tranche in July – deputy finance minister
CAIRO, May 7 (Reuters) – Egypt expects, in principle, to receive the final tranche of about $2 billion of its…
US dollar rate in Egypt declines
May 6, 2019
US dollar rate in Egypt declines
On Monday, the US dollar saw a two-piaster decline in Egypt’s banks. In Banque Misr and the National Bank of…
Egypt’s foreign currency reserves increase to US$44.218 bn: CBE
May 6, 2019
Egypt’s foreign currency reserves increase to US$44.218 bn: CBE
The Central Bank of Egypt (CBE) announced that the country’s foreign currency reserves increased to US$44.218 billion at the end…
Sisi brings economic change for the better: World Bank President
May 5, 2019
Sisi brings economic change for the better: World Bank President
President of the World Bank Group, David Malpass, said on Sunday that President Abdel Fattah al-Sisi has achieved economic and…
Egypt improves wages to reduce impact of economic reforms
May 4, 2019
Egypt improves wages to reduce impact of economic reforms
Egypt’s Finance Ministry announced that the government plans to reduce the impact of financial and economic reforms on citizens in…
Egypt’s economy seen growing 5.5 pct in year to end of June
May 2, 2019
Egypt’s economy seen growing 5.5 pct in year to end of June
CAIRO (Reuters) – Egypt’s economy is expected to grow 5.5 percent in the fiscal year that ends in June, according…
Egypt the biggest hotspot for billionaires in 2019: Business Insider
April 24, 2019
Egypt the biggest hotspot for billionaires in 2019: Business Insider
Egypt topped the list made by Original Travel agency of the hottest 15 destinations for billionaires in 2019, according to…
US dollar exchange rate continues decline in Egypt
April 22, 2019
US dollar exchange rate continues decline in Egypt
US dollar prices have slightly declined against the Egyptian pound by an average of two piasters in several banks on…
PepsiCo Egypt to increase investments by US$500 mn
April 21, 2019
PepsiCo Egypt to increase investments by US$500 mn
Chairman and CEO of PepsiCo Egypt Mohamed Shelbaya said that his company intends to pump US$500 million into increasing production…
Egypt seeks 6% growth rate during upcoming fiscal year, Minister
April 20, 2019
Egypt seeks 6% growth rate during upcoming fiscal year, Minister
Finance Minister Mohamed Maait said on Saturday that Egypt’s fiscal policy aims to raise economic growth rates to 6 percent…