Economy
Remittances from Egyptians abroad up by 41.2% in April 2018
July 10, 2018
Remittances from Egyptians abroad up by 41.2% in April 2018
The Central Bank of Egypt (CBE) announced a rise in remittances from Egyptians working abroad by 41.2 percent in…
Carmaker Jaguar says ‘bad Brexit’ would mean it could not stay in UK
July 5, 2018
Carmaker Jaguar says ‘bad Brexit’ would mean it could not stay in UK
Britain’s biggest carmaker Jaguar Land Rover has joined dissenters to a “hard Brexit”, saying that Britain leaving the EU without…
China warns U.S. is ‘opening fire’ on the world with tariff threats
July 5, 2018
China warns U.S. is ‘opening fire’ on the world with tariff threats
The United States is “opening fire” on the world with its threatened tariffs, China warned on Thursday, saying no one…
Foreign reserves rise to $44.2 bn by end of June
July 5, 2018
Foreign reserves rise to $44.2 bn by end of June
The Central Bank of Egypt (CBE)’s foreign cash reserves rose by $119 million in June to reach a total…
China presses Europe for anti-US alliance on trade
July 4, 2018
China presses Europe for anti-US alliance on trade
China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump’s trade…
IMF hails Egypt progress in its economic reform program
July 4, 2018
IMF hails Egypt progress in its economic reform program
In its third review, the International Monetary Fund (IMF) has praised the progress Egypt made in it’s economic reforms…
IMF urges Egypt to maintain tight monetary policy to ward off inflation
July 3, 2018
IMF urges Egypt to maintain tight monetary policy to ward off inflation
Egypt should maintain tight monetary policy to contain the risk of inflation as a result of fuel and electricity…
IMF approves 4th tranche of Egypt’s $12 billion loan
June 30, 2018
IMF approves 4th tranche of Egypt’s $12 billion loan
Egypt received the approval of the International Monetary Fund (IMF) on Friday for its fourth tranche of its $12 billion…
Egypt paid $30 billion in loans during 2017: Finance Ministry
June 25, 2018
Egypt paid $30 billion in loans during 2017: Finance Ministry
Egypt’s Finance Ministry said on Sunday that the country has paid $30 billion in 2017 in bonds and external…
Trump greets EU trade reprisals with threat of steep auto tariff
June 23, 2018
Trump greets EU trade reprisals with threat of steep auto tariff
President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on…