Economy

Egypt’s governmental reforms bring economic stability: IFC chief

Egypt’s governmental reforms bring economic stability: IFC chief

  The International Finance Corporation’s (IFC) Chief Executive Officer Philippe Le Houérou announced on Saturday that government reforms introduced by…
Saudi private sector growth hits 11-month high in November: PMI

Saudi private sector growth hits 11-month high in November: PMI

  DUBAI (Reuters) – Saudi Arabia’s non-oil private sector grew at its fastest rate for 11 months in November, in…
Egyptian market attractive to auto industry: Nassar

Egyptian market attractive to auto industry: Nassar

Minister of Trade and Industry Amr Nassar said on Tuesday that the Egyptian market has been attractive to investments in…
Egypt’s foreign currency reserves rose $12m in Nov: CBE

Egypt’s foreign currency reserves rose $12m in Nov: CBE

The Central Bank of Egypt (CBE) announced on Tuesday that Egypt’s foreign currency reserves rose by $12 million in November…
Increasing customs dollar price benefits citizens, industry: Maeit

Increasing customs dollar price benefits citizens, industry: Maeit

Egyptian Finance Minister Mohamed Maeit said on Sunday that raising the price of the customs dollar for non-basic and entertainment…
Taxes on cars below 1600 ccs will be reduced to LE65,000 in January: Official

Taxes on cars below 1600 ccs will be reduced to LE65,000 in January: Official

  Adviser to the Finance Minister for customs Magdy Abdul Aziz said on Tuesday that in the event of the…
Egypt increases price of the customs dollar for non-essential goods

Egypt increases price of the customs dollar for non-essential goods

  The Egyptian Finance Ministry announced on Friday that it would raise the customs dollar price for non-essential and entertainment…
IMF to discuss 5th installment of Egypt’s loan in December

IMF to discuss 5th installment of Egypt’s loan in December

  The Executive Board of the International Monetary Fund (IMF) will meet in late December, to discuss disbursing the fifth…
Total deposits with banking system reach LE3.6 trillion in September: CBE

Total deposits with banking system reach LE3.6 trillion in September: CBE

  The Central Bank of Egypt (CBE) announced that the total deposits with the banking system, other than the CBE,…
Egypt new budget aims for 6.5% growth, 10.9% inflation: Finance Minister

Egypt new budget aims for 6.5% growth, 10.9% inflation: Finance Minister

  Egyptian Minister of Finance Mohamed Maait announced the country’s new 2019/2020 budget, in a statement sent to all governmental…
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