Economy

Egypt receives $2bn tranche of IMF loan

Egypt receives $2bn tranche of IMF loan

Egypt has received the fifth installment of the International Monetary Fund (IMF) loan, worth $2 billion, an official source at…
Zohr production to reach 3bn cubic meters in 2019: Minister

Zohr production to reach 3bn cubic meters in 2019: Minister

Egypt’s Minister of Oil and Mineral Wealth Tarek El Molla said that the ministry plans to increase production of the…
OECD drops Egypt’s economic risk classification ranking

OECD drops Egypt’s economic risk classification ranking

  The Organization for Economic Co-operation and Development (OECD) officially announced that Egypt’s risk classification has dropped from six to…
Egyptian Investment Group aims to end car trade monopoly

Egyptian Investment Group aims to end car trade monopoly

The Egyptian Investment Group announced it would establish a company for car trading in order to counter the monopoly and…
Egypt’s govt plans to reduce indebtedness on medium term: Finance Minister

Egypt’s govt plans to reduce indebtedness on medium term: Finance Minister

  Egypt’s Finance Ministry, participating with the economic ministerial group and the Central Bank of Egypt, has prepared an integrated…
Egypt’s telecommunications sector makes 16.4% growth in second quarter of 2018-19

Egypt’s telecommunications sector makes 16.4% growth in second quarter of 2018-19

  The communications and information technology sector witnessed a growth rate of 16.4 percent during the second quarter of the…
France’s Rungis to develop Egypt’s wholesale markets

France’s Rungis to develop Egypt’s wholesale markets

Egypt’s government, represented by the Ministry of Supply and Internal Trade, signed a cooperation protocol with Rungis, the largest French…
New Suez Canal establishment costs recovered: Mamish

New Suez Canal establishment costs recovered: Mamish

The Suez Canal Authority (SCA) was able to recover the LE 20 billion cost of establishing the New Suez Canal…
US dollar price in Egypt hits lowest level in two years

US dollar price in Egypt hits lowest level in two years

  The US dollar fell on Sunday during mid-day trading in Egyptian banks, hitting its lowest level in two years.…
US dollar exchange rates decline against Egyptian pound

US dollar exchange rates decline against Egyptian pound

  The US dollar exchange rates declined against the Egyptian pound on Sunday morning comparing to Saturday’s exchange rates by…
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