Economy

Moody’s Investors Service has upgraded Egypt’s credit outlook rating from “stable” to “positive”, praising the government’s IMF-spurred economic reform. According…

  Lifting the ban on Egyptian food exports to Sudan dominated talks between Egyptian ministers of agriculture and trade with…

The US Dollar’s exchange rate against the Egyptian Pound slightly increased in banks this morning, with an average of LE17.80.…

The price of the custom dollar will remain at LE16 in September, Finance Minister Mohammed Moaet briefly reported on Wednesday. The…

  The commitment and determination of Turks is the guarantee needed to combat attacks on Turkey’s economy, President Tayyip Erdogan…

  Egypt will begin repaying the International Monetary Fund (IMF) loan in May 2021 with a tranche worth US $2.75…

  The Egyptian government has set the total value of a plan to modernize the state-owned textile sector at LE24…

The Egyptian Finance Ministry is considering distributing machines to major subway stations that will convert notes into coins, and increase…

Minister of Petroleum Tariq al-Mulla met with a high-level delegation from Apache Oil Corporation, to discuss the means of developing…

  The Finance Ministry announced in a press statement on Tuesday that it is considering a new coin currency equal…