Economy

Egypt has undergone “difficult surgery” for economic reform: Finance Minister

Egypt has undergone “difficult surgery” for economic reform: Finance Minister

The state has undergone a very difficult surgery to conduct it’s economic reform, leading to success in all sectors, Finance…
Egypt’s urban inflation jumps to 14.4 pct in Feb

Egypt’s urban inflation jumps to 14.4 pct in Feb

CAIRO, March 10 (Reuters) – Egypt’s annual urban consumer price inflation increased to 14.4 percent in February from 12.7 percent…
Egypt, DEA sign $20m agreement for Gulf of Suez exploration

Egypt, DEA sign $20m agreement for Gulf of Suez exploration

Egypt’s Minister of Petroleum and Mineral Wealth Tarek El-Molla signed a new agreement on Thursday with the German Oil Company…
OECD cuts global growth forecast over trade, Brexit uncertainty

OECD cuts global growth forecast over trade, Brexit uncertainty

Trade tensions and political uncertainty including Brexit are weighing on the world’s economy, the OECD warned Wednesday as it again…
US ends preferential trade deals with India, Turkey

US ends preferential trade deals with India, Turkey

ANKARA, Turkey (AP) — Turkey and India reacted with a mix of anger and resignation Tuesday at the United States’…
EBRD to support women in sustainable energy field

EBRD to support women in sustainable energy field

The European Bank for Reconstruction and Development (EBRD) launched on Monday a program for enhancing women’s job opportunities and entrepreneurship…
Central Bank of Egypt bans circulation of banknotes with phrases

Central Bank of Egypt bans circulation of banknotes with phrases

The Central Bank of Egypt (CBE) announced on Monday it would ban the circulation of any banknotes bearing textual phrases,…
Egypt stock market among best 2019 performers: Bloomberg

Egypt stock market among best 2019 performers: Bloomberg

The Egyptian stock market is among the most profitable markets in the Middle East since the beginning of this year, Bloomberg…
Prime Minister issues regulation of Egypt’s Sovereign Wealth Fund

Prime Minister issues regulation of Egypt’s Sovereign Wealth Fund

Prime Minister Mostafa Madbouly on Thursday issued the basic regulation of Egypt’s Sovereign Wealth Fund (SWF), which the government founded…
Electricity prices to increase to cover subsidy shortage: Min.

Electricity prices to increase to cover subsidy shortage: Min.

The government has to support the domestic consumption of electricity with subsidies up to LE 46.7 billion; however, the amount…
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