Economy
Egypt’s public debt reaches LE3.695 trillion: CBE
October 26, 2018
Egypt’s public debt reaches LE3.695 trillion: CBE
The Central Bank of Egypt (CBE) announced Thursday that national public debt has reached LE3.695 trillion at the end…
China leads the way as world’s billionaires get richer
October 26, 2018
China leads the way as world’s billionaires get richer
China produced two new billionaires a week last year as the fortunes of the world’s ultra-rich soared by a…
Government to exempt EU cars from customs taxes in January: Ministry
October 23, 2018
Government to exempt EU cars from customs taxes in January: Ministry
Deputy Minister of Finance for Customs Affairs Magdy Abdel Aziz said on Tuesday that the government would exempt European cars…
Egypt, France enter top-level negotiations on car investment
October 23, 2018
Egypt, France enter top-level negotiations on car investment
Head of the Commercial Office in the Egyptian Embassy in France Gamal Faisal said on Monday that Egypt has made…
Egypt on the right track, Finance Minister says before meeting IMF mission
October 21, 2018
Egypt on the right track, Finance Minister says before meeting IMF mission
Egyptian Finance Minister Mohamed Maait said on Saturday that he would hold a meeting later this week with the…
ERBD injects €4bn investments in Egypt since 2012: Director
October 21, 2018
ERBD injects €4bn investments in Egypt since 2012: Director
The European Bank for Reconstruction and Development’s (ERBD) Regional Director for the Southern and Eastern Mediterranean region, Gantt Hickman, said…
China not manipulating currency but lacks transparency, US says
October 18, 2018
China not manipulating currency but lacks transparency, US says
Washington on Wednesday again declined to call China a currency manipulator but said the yuan’s fall and Beijing’s exchange practices…
Standard Chartered expects 5.5% growth for Egypt in 2019
October 17, 2018
Standard Chartered expects 5.5% growth for Egypt in 2019
Standard Chartered projected on Tuesday that the gross domestic product (GDP) growth rate of Egypt will rise by 5.5 percent…
Egypt’s foreign reserves cover 9 months of imports: Minister
October 17, 2018
Egypt’s foreign reserves cover 9 months of imports: Minister
Egyptian Minister of Planning, Follow-up and Administrative Reform Hala al-Saeed announced on Wednesday that Egypt’s foreign currency reserves now…
Nearly half the world lives on less than $5.50 a day: World Bank
October 17, 2018
Nearly half the world lives on less than $5.50 a day: World Bank
Despite progress in reducing extreme poverty, nearly half the world’s population lives on less than $5.50 a day, with a…