Economy
Egypt has undergone “difficult surgery” for economic reform: Finance Minister
March 11, 2019
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
March 11, 2019
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
March 7, 2019
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
March 6, 2019
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
March 5, 2019
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
March 5, 2019
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
March 4, 2019
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
March 4, 2019
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
March 3, 2019
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.
February 28, 2019
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…