Economy

Egypt’s public debts rise fivefold over past five years

Egypt’s public debts rise fivefold over past five years

Minister of Finance Amr al-Garhi stated on Sunday that the Egyptian government is working on a medium-term plan to cut…
Air France KLM shares slump as CEO prepares to quit over union pay row

Air France KLM shares slump as CEO prepares to quit over union pay row

Air France KLM (AIRF.PA) shares slumped on Monday after the company’s chief executive said he would resign following the rejection…
IMF says Egypt must deepen reforms to catch window of global growth

IMF says Egypt must deepen reforms to catch window of global growth

Egypt will have to deepen its IMF-backed reforms and better encourage private sector growth if it wants to cash in…
Billionaire Naguib Sawaris converts half his fortune to gold

Billionaire Naguib Sawaris converts half his fortune to gold

Egyptian tycoon Naguib Sawiris turned half of his 5.7 billion net worth into gold, reported financial newspaper Bloomberg. Sawiris admitted…
Egypt’s foreign reserves hit a new record amid rigorous economic reforms

Egypt’s foreign reserves hit a new record amid rigorous economic reforms

Egypt’s net foreign reserves jumped from $42.611 billion in the end of March to $44.030 billion at the end of…
Key sticking points in the US-China trade dispute

Key sticking points in the US-China trade dispute

US Treasury Secretary Steven Mnuchin will lead a delegation to Beijing this week to meet with Chinese officials and try…
Electricity ministry to impose renewable energy quota on factories

Electricity ministry to impose renewable energy quota on factories

Egypt’s Ministry of Electricity is planning to impose a minimum quota of renewable energy consumption on factories operating in the…
Egyptian exports have increased 81.5% to Cyprus, 22.7% to Greece

Egyptian exports have increased 81.5% to Cyprus, 22.7% to Greece

Minister of Trade Tarek Kabil announced that the Egyptian-Cypriot-Greek relations represent a successful model for cooperation, adding that the the…
Game-changing insights into the real estate market NDS

Game-changing insights into the real estate market NDS

As the real estate market continues to improve in Egypt, new trends are shaping the market in 2018. The report…
Egypt to focus on tourism development projects along “untapped” coastlines: Minister

Egypt to focus on tourism development projects along “untapped” coastlines: Minister

Egypt will be offering international investors the opportunity to develop sustainable cities along the Red Sea and its Mediterranean coasts,…
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