Economy
Egypt to choose sovereign wealth fund manager in global competition: Planning Minister
September 9, 2018
Egypt to choose sovereign wealth fund manager in global competition: Planning Minister
Minister of Planning, Monitoring and Administrative Reformation Hala al-Said stated on Saturday that a ministerial committee would choose the…
Output for Egypt’s Zohr gas field increases to 2 billion cubic feet per day
September 8, 2018
Output for Egypt’s Zohr gas field increases to 2 billion cubic feet per day
Egypt’s Minister of Petroleum and Mineral Resources Tariq al-Mulla announced on Friday that production at the Zohr gas field…
Egypt to offer 4.5 pct stake in cigarette maker Eastern Company
September 6, 2018
Egypt to offer 4.5 pct stake in cigarette maker Eastern Company
Egypt will launch its programme for offering shares in state companies by offering a 4.5 percent stake in its top…
Egypt’s foreign currency reserve rose to US $44.41 billion in August: CBE
September 5, 2018
Egypt’s foreign currency reserve rose to US $44.41 billion in August: CBE
The Central Bank of Egypt (CBE) announced on Wednesday that Egypt’s foreign currency reserves rose to US $44.41 billion…
Times are a-changin’ in London where contactless is king
September 5, 2018
Times are a-changin’ in London where contactless is king
For centuries, London has sustained a street-level economy where performers and vendors make a living from the spare change…
World Bank offers Egypt $500 mn for agriculture
September 4, 2018
World Bank offers Egypt $500 mn for agriculture
In a meeting with Agriculture Minister Ezz El-Din Abu Steit, the World Bank offered Egypt a flexible loan of US$…
Dollar maintains prices against Egyptian Pound
September 2, 2018
Dollar maintains prices against Egyptian Pound
The US Dollar exchange rate saw stable prices against Egyptian Pound in several Egyptian banks with average of LE17.80…
Egypt’s economic credit rating best since 2011: Minister
September 2, 2018
Egypt’s economic credit rating best since 2011: Minister
Minister of Planning, Monitoring and Administrative Reform Hala al-Said announced on Saturday that Moody’s credit outlook rating for the…
Moody’s raises Egypt credit rating to ‘positive’
August 29, 2018
Moody’s raises Egypt credit rating to ‘positive’
Moody’s Investors Service has upgraded Egypt’s credit outlook rating from “stable” to “positive”, praising the government’s IMF-spurred economic reform. According…
Egypt in talks with Sudan to lift ban on food exports
August 29, 2018
Egypt in talks with Sudan to lift ban on food exports
Lifting the ban on Egyptian food exports to Sudan dominated talks between Egyptian ministers of agriculture and trade with…