Economy

Egypt expects IMF loan final tranche in July – deputy finance minister

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

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

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

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

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

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

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

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

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

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…
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