Economy
Egypt paid $30 billion in loans during 2017: Finance Ministry
June 25, 2018
Egypt paid $30 billion in loans during 2017: Finance Ministry
Egypt’s Finance Ministry said on Sunday that the country has paid $30 billion in 2017 in bonds and external…
Trump greets EU trade reprisals with threat of steep auto tariff
June 23, 2018
Trump greets EU trade reprisals with threat of steep auto tariff
President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on…
Government to receive $2 billion from IMF in July: Minister
June 19, 2018
Government to receive $2 billion from IMF in July: Minister
Minister of Finance Mohammed Maet announced on Monday that Egypt would receive the fourth tranche of the International Monetary…
After fuel prices increase, Prime Minister announces new transportation tariff
June 17, 2018
After fuel prices increase, Prime Minister announces new transportation tariff
Prime Minister Mostafa Madbouli held a lengthy meeting on Saturday via video conference with the governors from the Cabinet…
Ministry of Petroleum announces new price hikes
June 16, 2018
Ministry of Petroleum announces new price hikes
Minister of Petroleum Tarek Al-Mula announced new petroleum price hikes, adding that removing subsides on petroleum is an important procedure…
US dollar hits seven-month high
June 15, 2018
US dollar hits seven-month high
World shares fell and were set to end the week in the red on Friday while the dollar climbed to…
Egypt inflation rate in May increased by 0.3 %
June 10, 2018
Egypt inflation rate in May increased by 0.3 %
The inflation rate in May increased by 0.3% compared to the previous month, reaching 274.7 points from 273.9, according…
G7 divides to G6 plus Trump over trade war threat
June 9, 2018
G7 divides to G6 plus Trump over trade war threat
Leaders of the G7 nations spent Friday hunting for a face saving formula to mask the deep rift inflicted on…
Egypt to begin importing rice after slashing its own cultivation
June 6, 2018
Egypt to begin importing rice after slashing its own cultivation
Egypt will begin importing rice, a crop it has typically had in surplus, to increase stocks and “control the market,”…
Egypt’s foreign currency reserve increased by $106 million in May
June 5, 2018
Egypt’s foreign currency reserve increased by $106 million in May
The Central Bank of Egypt (CBE) announced on Monday that the net foreign reserve increased to $44.139 billion at…