Economy

On Saturday, energy news site Oil Price named Egypt a strong contender to become a Mediterranean oil hub, due to…

  Egypt’s economy ranks 11th in the 2017-2018 Global Competitiveness Index out of 12 Arab countries with Lebanon in last place,…

  Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Wednesday that the unemployment rate has dropped to…

  Germany’s economy minister on Sunday lashed out at US President Donald Trump, slamming his global trade rows and efforts…

Egypt’s annual core inflation rate witnessed a decrease from 10.9 percent in June to 8.45 percent in July, according to…

Egypt’s parliament has agreed to establish a government-operated sovereign wealth fund to help boost the economy, in a move deemed…

The Suez Canal Economic Zone (SCZone) made a net profit of LE2.13 billion in the fiscal year 2017/2018, with an…

Fitch Ratings, a globally-recognized credit rating agency, has reaffirmed Egypt’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at “B”, while maintaining…

The Suez Canal has made revenues of US$15.8 billion – equivalent to LE219 billion – in the past three years,…

  The Executive Director of the International Monetary Fund (IMF) Hazim al-Beblawi announced on Saturday that the current fiscal year…