Economy
Egypt maintains LE16 per USD customs exchange rate for August
July 31, 2018
Egypt maintains LE16 per USD customs exchange rate for August
Egypt’s Finance Minister Mohamed Maeet announced on Tuesday that the exchange rate of the customs dollar will continue to be…
Egypt says country grew at highest rate in 10 years
July 28, 2018
Egypt says country grew at highest rate in 10 years
Egypt’s Planning Ministry says the country’s economy grew 5.3 percent in the most recent fiscal year — the highest…
Trump hails US economic growth spurt, promises more ahead
July 28, 2018
Trump hails US economic growth spurt, promises more ahead
President Donald Trump on Friday hailed roaring US economic growth as a “miracle,” and said the quickest expansion in…
Cairo named most attractive city to investors in Africa: UN report
July 25, 2018
Cairo named most attractive city to investors in Africa: UN report
Cairo is ranked the most attractive city to investors in Africa, snatching the 64th position globally, in a report released by…
Egypt to ban exports of raw materials
July 24, 2018
Egypt to ban exports of raw materials
Egypt’s Ministry of Trade and Industry announced a plan to stop exporting Egypt’s natural materials raw, instead requiring the…
IDSC denies plans to increase electricity prices
July 21, 2018
IDSC denies plans to increase electricity prices
Egypt’s Cabinet Information and Decision Support Centre (IDSC) denied social media rumors that the Egyptian government will increase electricity prices. In…
Sisi, Bashir agree to maximize economic cooperation
July 20, 2018
Sisi, Bashir agree to maximize economic cooperation
President Abdel Fattah al-Sisi started a two-day visit to Sudan on Thursday, his first visit to Khartoum since his recent…
Sisi issues new law to develop Upper Egypt
July 18, 2018
Sisi issues new law to develop Upper Egypt
Egypt’s President Abdel Fattah al-Sisi issued Law No. 157 of 2018 which establishes the Upper Egypt Development Authority (UEDA),…
Egyptian minister calls on developed world to reduce debt burden on developing countries
July 17, 2018
Egyptian minister calls on developed world to reduce debt burden on developing countries
Minister of Investment and International Cooperation Sahar Nasr on Monday urged developed countries to help alleviate the debt burden…
IMF continues to praise Egypt’s economic reforms in its third review
July 13, 2018
IMF continues to praise Egypt’s economic reforms in its third review
The International Monetary Fund (IMF) praised Egypt’s economic reforms during its third review of the country’s loan program on Thursday,…