Economy
Minister Sahar Nasr, EBRD president discuss increasing investment in Egypt
April 6, 2019
Minister Sahar Nasr, EBRD president discuss increasing investment in Egypt
Minister of Investment and International Cooperation Sahar Nasr held talks on Saturday with president of the European Bank for Reconstruction…
IMF praises Egypt’s economic reform program, says all targets achieved
April 6, 2019
IMF praises Egypt’s economic reform program, says all targets achieved
The International Monetary Fund (IMF) on Saturday praised Egypt’s remarkable macroeconomic improvement since the start of the economic reform program…
Egyptian Stock market gains LE66.8 bn in first quarter of 2019
April 1, 2019
Egyptian Stock market gains LE66.8 bn in first quarter of 2019
The Egyptian Stock Exchange gained LE66.8 billion in market capitalization during the first quarter of 2019. The total market value…
CBE receives requests from major international banks to operate in Egypt
March 30, 2019
CBE receives requests from major international banks to operate in Egypt
The Central Bank of Egypt (CBE) has received requests from major international banks recently for new licenses to operate in…
Egyptian cabinet approves state budget for 2019/2020
March 27, 2019
Egyptian cabinet approves state budget for 2019/2020
The Egyptian cabinet approved on Wednesday the proposed state budget for fiscal year 2019/2020 as part of preparations to send…
Egypt ready to provide economic reform experience to Africa: Minister
March 26, 2019
Egypt ready to provide economic reform experience to Africa: Minister
Egypt’s Finance Minister Mohamed Maait announced Tuesday that his country is ready to provide its pioneer experience in economic financial…
US dollar exchange rate continues to decline in Egypt
March 20, 2019
US dollar exchange rate continues to decline in Egypt
The US dollar exchange rate continued its decline against the Egyptian pound on Wednesday morning for the third day in…
Business Insider: Egypt is Africa’s fiercest tech platform, but entrepreneurs face 2 major challenges in the field
March 18, 2019
Business Insider: Egypt is Africa’s fiercest tech platform, but entrepreneurs face 2 major challenges in the field
The American newspaper Business Insider identified Egypt as the hottest African tech scene while underscoring two major obstacles faced by…
US dollar makes record decrease against Egyptian pound
March 18, 2019
US dollar makes record decrease against Egyptian pound
The US dollar exchange rate witnessed a record decrease, the lowest in 2 years, on Monday against the Egyptian pound,…
Egypt’s parliament approves bill on cashless payment
March 12, 2019
Egypt’s parliament approves bill on cashless payment
The House of Representatives approved on Monday a joint report of the Economic Affairs Committee, the Plan and Budget Committee,…