Economy

Egypt paid $30 billion in loans during 2017: Finance Ministry

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

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

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

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

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

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 %

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

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

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

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…
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