Economy

New ‘Investment Fund’ to manage Egypt’s endowment money: Endowments Minister

New ‘Investment Fund’ to manage Egypt’s endowment money: Endowments Minister

  Egypt’s Religious Endowments Minister Mohamad Mokhtar Gomaa held a meeting with President Abdel Fattah al-Sisi, where he discussed ways…
Egypt exports increase by 14% in the first half of 2018

Egypt exports increase by 14% in the first half of 2018

  Egypt’s trade exchange rate increased by 15.5 percent in the first half of 2018 compared to the same period…
Egypt maintains LE16 per USD customs exchange rate for August

Egypt maintains LE16 per USD customs exchange rate for August

Egypt’s Finance Minister Mohamed Maeet announced on Tuesday that the exchange rate of the customs dollar will continue to be…
Egypt says country grew at highest rate in 10 years

Egypt says country grew at highest rate in 10 years

  Egypt’s Planning Ministry says the country’s economy grew 5.3 percent in the most recent fiscal year — the highest…
Trump hails US economic growth spurt, promises more ahead

Trump hails US economic growth spurt, promises more ahead

  President Donald Trump on Friday hailed roaring US economic growth as a “miracle,” and said the quickest expansion in…
Cairo named most attractive city to investors in Africa: UN report

Cairo named most attractive city to investors in Africa: UN report

Cairo is ranked the most attractive city to investors in Africa, snatching the 64th position globally, in a report released by…
Egypt to ban exports of raw materials

Egypt to ban exports of raw materials

  Egypt’s Ministry of Trade and Industry announced a plan to stop exporting Egypt’s natural materials raw, instead requiring the…
IDSC denies plans to increase electricity prices

IDSC denies plans to increase electricity prices

Egypt’s Cabinet Information and Decision Support Centre (IDSC) denied social media rumors that the Egyptian government will increase electricity prices. In…
Sisi, Bashir agree to maximize economic cooperation

Sisi, Bashir agree to maximize economic cooperation

President Abdel Fattah al-Sisi started a two-day visit to Sudan on Thursday, his first visit to Khartoum since his recent…
Sisi issues new law to develop Upper Egypt

Sisi issues new law to develop Upper Egypt

  Egypt’s President Abdel Fattah al-Sisi issued Law No. 157 of 2018 which establishes the Upper Egypt Development Authority (UEDA),…
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