Economy
Egypt receives $2bn tranche of IMF loan
February 6, 2019
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
February 6, 2019
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
February 4, 2019
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
February 4, 2019
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
February 4, 2019
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
February 2, 2019
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
January 30, 2019
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
January 29, 2019
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
January 28, 2019
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
January 27, 2019
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…