Economy
Egypt, Mexico to establish a joint business council
May 9, 2018
Egypt, Mexico to establish a joint business council
Egypt and Mexico announced on Tuesday the establishment of the Egypt-Mexico Business Council, an entity formed of companies that operate…
Egypt to have world’s third economic growth in 2026: Harvard report
May 8, 2018
Egypt to have world’s third economic growth in 2026: Harvard report
The Harvard Center for International Development forcasted that Egypt will be the third country that will achieve highest growth rates…
Egypt’s public debts rise fivefold over past five years
May 8, 2018
Egypt’s public debts rise fivefold over past five years
Minister of Finance Amr al-Garhi stated on Sunday that the Egyptian government is working on a medium-term plan to cut…
Air France KLM shares slump as CEO prepares to quit over union pay row
May 7, 2018
Air France KLM shares slump as CEO prepares to quit over union pay row
Air France KLM (AIRF.PA) shares slumped on Monday after the company’s chief executive said he would resign following the rejection…
IMF says Egypt must deepen reforms to catch window of global growth
May 6, 2018
IMF says Egypt must deepen reforms to catch window of global growth
Egypt will have to deepen its IMF-backed reforms and better encourage private sector growth if it wants to cash in…
Billionaire Naguib Sawaris converts half his fortune to gold
May 5, 2018
Billionaire Naguib Sawaris converts half his fortune to gold
Egyptian tycoon Naguib Sawiris turned half of his 5.7 billion net worth into gold, reported financial newspaper Bloomberg. Sawiris admitted…
Egypt’s foreign reserves hit a new record amid rigorous economic reforms
May 3, 2018
Egypt’s foreign reserves hit a new record amid rigorous economic reforms
Egypt’s net foreign reserves jumped from $42.611 billion in the end of March to $44.030 billion at the end of…
Key sticking points in the US-China trade dispute
May 3, 2018
Key sticking points in the US-China trade dispute
US Treasury Secretary Steven Mnuchin will lead a delegation to Beijing this week to meet with Chinese officials and try…
Electricity ministry to impose renewable energy quota on factories
May 1, 2018
Electricity ministry to impose renewable energy quota on factories
Egypt’s Ministry of Electricity is planning to impose a minimum quota of renewable energy consumption on factories operating in the…
Egyptian exports have increased 81.5% to Cyprus, 22.7% to Greece
May 1, 2018
Egyptian exports have increased 81.5% to Cyprus, 22.7% to Greece
Minister of Trade Tarek Kabil announced that the Egyptian-Cypriot-Greek relations represent a successful model for cooperation, adding that the the…