Economy
World Bank praises Egypt’s economic reform at Bali meeting
October 12, 2018
World Bank praises Egypt’s economic reform at Bali meeting
President of the World Bank Jim Kim presented on Friday the success stories of economic reform in four countries,…
Finance minister denies Egypt requested additional IMF loan
October 12, 2018
Finance minister denies Egypt requested additional IMF loan
Egypt has not requested an additional loan from the International Monetary Fund (IMF) or an extension of the current…
Moody’s changes Egypt’s banking system outlook to positive
October 11, 2018
Moody’s changes Egypt’s banking system outlook to positive
Rating agency Moody’s announced Wednesday that it has upgraded its outlook for Egypt’s banking system to positive from stable.…
Egypt central bank signs $3.8 bln finance accord with international banks
October 11, 2018
Egypt central bank signs $3.8 bln finance accord with international banks
DUBAI, Oct 11 (Reuters) – The Central Bank of Egypt said on Thursday it agreed to enter into a…
Egypt’s annual inflation rate declined 15.4 percent in September: CAPMAS
October 10, 2018
Egypt’s annual inflation rate declined 15.4 percent in September: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Wednesday that the annual inflation rate declined to…
IMF expects Egyptian economy to grow 5.3% in 2018
October 9, 2018
IMF expects Egyptian economy to grow 5.3% in 2018
The International Monetary Fund (IMF) expects Egypt’s economy to grow by 5.3 percent in 2018 and 5.5 percent in…
Egypt’s economy one of the strongest in the Middle East: IMF
September 24, 2018
Egypt’s economy one of the strongest in the Middle East: IMF
International Monetary Fund (IMF) Director Christine Lagarde announced that Egypt’s economy has become one of the highest growing economies…
Egypt has 2nd-highest total wealth in Africa: report
September 20, 2018
Egypt has 2nd-highest total wealth in Africa: report
In the Africa Wealth Report of 2018, Egypt is measured as having the second-highest gross wealth on the continent.…
Egypt to purchase 475,000 tons of Russian and Ukrainian wheat
September 19, 2018
Egypt to purchase 475,000 tons of Russian and Ukrainian wheat
Egypt’s General Authority for Supply Commodities (GASC) made contracts on behalf of the Supply Ministry to purchase 475,000 tons…
Egypt contracts PRL to purchase 50 new locomotives
September 17, 2018
Egypt contracts PRL to purchase 50 new locomotives
Egyptian Railways Authority signed a memorandum of understanding with Progress Rail Locomotives (PRL), for the maintenance and upgrading of…