Economy

Remittances from Egyptians abroad up by 20.4% in September 2018

Remittances from Egyptians abroad up by 20.4% in September 2018

The Central Bank of Egypt (CBE) announced a rise in remittances from Egyptians working abroad by 20.4 percent ($298 million)…
Egypt’s growth rate rises to 5.3% during first quarter of fiscal year

Egypt’s growth rate rises to 5.3% during first quarter of fiscal year

  Egypt’s Minister of Planning, Monitoring and Administrative Reformation Hala al-Saed announced Friday that the economic growth rate increased to…
Egypt’s Sisi discusses economic reform with Central Bank governor

Egypt’s Sisi discusses economic reform with Central Bank governor

  Egyptian President Abdel Fattah al-Sisi held a meeting with Governor of the Central Bank of Egypt (CBE) Tarek Amer…
Egypt’s headline inflation surges to 17.7% in October

Egypt’s headline inflation surges to 17.7% in October

  Egypt’s headline inflation continued to climb year-on-year in October, rising to 17.7 percent from 16 percent in September, official…
China’s annual shopping frenzy shatters another record

China’s annual shopping frenzy shatters another record

SHANGHAI (AP) — Online shoppers spent more than $14 billion within the first two hours of China’s annual buying frenzy…
Egypt’s exports of agricultural products up to 4.4mn tons: report

Egypt’s exports of agricultural products up to 4.4mn tons: report

Egypt has exported 4.4 million tons of agricultural products in the period from January-November 2018, an increase of 316,652 tons…
Egypt’s foreign currency reserve rose to $44.5 bn in October: CBE

Egypt’s foreign currency reserve rose to $44.5 bn in October: CBE

  The Central Bank of Egypt (CBE) announced on Monday that Egypt’s foreign currency reserves rose by US$42 million in October…
Egypt jumps 8 ranks in Doing Business 2019 report

Egypt jumps 8 ranks in Doing Business 2019 report

The World Bank and the International Finance Corporation (IFC) have announced that Egypt has jumped eight ranks in the Doing…
Egyptian MPs prepare draft law for progressive taxes on income

Egyptian MPs prepare draft law for progressive taxes on income

  Parliament member Mostafa Bakry, of the Legislative Committee of the House of Representatives, said that he and MP Mervat…
World’s first specialized free zone for textile industry underway in Minya

World’s first specialized free zone for textile industry underway in Minya

The first specialized free zone for the textile industry in the world is underway in Minya Governorate on an area…
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