Economy

Egyptian exports to Spain increased by 52% in 2017: minister

Egyptian exports to Spain increased by 52% in 2017: minister

Egypt’s Trade and Industry Minister Tareq Qabil said on Tuesday that Egyptian commodity exports to the Spanish market made big…
Egypt plans to increase cotton production to meet high export orders

Egypt plans to increase cotton production to meet high export orders

After a catastrophic year for Egypt’s cotton industry in 2016, a demand for the Egyptian white gold has emerged in…
Egypt’s net foreign reserves rise to $42.611 bn in March

Egypt’s net foreign reserves rise to $42.611 bn in March

Egypt’s net foreign reserves rose slightly to US$42.611 billion at the end of March, from $42.524 billion at the end…
Egyptian pound remains stable against US dollar Sunday

Egyptian pound remains stable against US dollar Sunday

The US dollar maintained its price against the Egyptian pound at an average of LE 17.56 during bank dealings on…
Draft budget expects 5.8% growth rate, decreased budget deficit

Draft budget expects 5.8% growth rate, decreased budget deficit

Prime Minister Sherif Ismail received on Wednesday the draft budget for the 2018/19 fiscal year, and said in a Cabinet…
Egypt govt to review new ‘social protection’ package

Egypt govt to review new ‘social protection’ package

Minister of Finance Amr al-Garhy stated on Sunday that the government will send the state budget to President Abdel Fattah…
Egypt aims at 5.8% GDP growth in 2018/19 budget

Egypt aims at 5.8% GDP growth in 2018/19 budget

Egypt’s cabinet approved this week the state’s budget for the 2018/2019 fiscal year, which aims to reach a GDP growth target…
US dollar maintains price on Thursday

US dollar maintains price on Thursday

The US dollar maintained its price against the Egyptian pound at an average of LE 17.56 during banking dealings on…
US dollar prices for Thursday

US dollar prices for Thursday

US dollar maintained stability against the Egyptian pound with average of LE17.56 during trading on Thursday. According to the latest…
Consumer Protection Agency accuses iron and steel factories of violating market competition laws

Consumer Protection Agency accuses iron and steel factories of violating market competition laws

Egypt’s Consumer Protection Agency (CPA) referred all iron and steel factories operating in the local market to the Egyptian Competition…
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