Economy

IMF advises Egypt to remove remaining fuel subsidies

IMF advises Egypt to remove remaining fuel subsidies

In the International Monetary Fund’s (IMF) latest Regional Economic Outlook on Egypt that was released on Tuesday, the international lender…
Egypt’s economy growth rate to reach 4.8% in FY2017/18: IMF

Egypt’s economy growth rate to reach 4.8% in FY2017/18: IMF

The growth rate of Egypt’s economy increased from 3.5 percent in the fiscal year 2015-2016 to 4.2 percent in fiscal year…
US dollar prices witness relative stability on Tuesday

US dollar prices witness relative stability on Tuesday

The US dollar exchange rate witnessed relative stability against the Egyptian pound during the bank dealings on Tuesday. According to…
US dollar records fluctuating prices on Monday

US dollar records fluctuating prices on Monday

The US dollar witnessed fluctuating exchange rates against the Egyptian Pound during the banking dealings on Monday. According to the…
Dollar wallows near three-year lows on US government shutdown

Dollar wallows near three-year lows on US government shutdown

The dollar was pinned near a three-year low on Monday as a US government shutdown encouraged investors to add to…
US dollar exchange rate maintains prices against Egypt pound

US dollar exchange rate maintains prices against Egypt pound

US dollar exchange rates witnessed relative stability against the Egyptian pound during banking dealings on Sunday. According to the latest…
AFDB approves third $500 mln tranche in support for Egypt’s reform program

AFDB approves third $500 mln tranche in support for Egypt’s reform program

In support of the country’s effort to improve Egyptians’ quality of life, the African Development Bank approved the disbursement of…
Fitch Ratings raises Egypt’s financial outlook to ‘positive’

Fitch Ratings raises Egypt’s financial outlook to ‘positive’

Fitch Ratings Inc., one of the three biggest credit rating agencies in the world, raised Egypt’s long-term Foreign-Currency Issuer Default…
External debt is $79 bn, says Finance Minister after financial outlook improves

External debt is $79 bn, says Finance Minister after financial outlook improves

Minister of Finance Amr al-Jarhi stated on Tuesday that Egypt’s external debt stood at $79 billion at the end of…
Bitcoin value continues to fall after several countries warn against it

Bitcoin value continues to fall after several countries warn against it

The electronic currency Bitcoin continued on Wednesday to fall, completing a 24-hour downward spiral, with about 7 percent of its…
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