Economy
Egypt to participate in Spain’s International Tourism Trade Fair this Wednesday
January 15, 2018
Egypt to participate in Spain’s International Tourism Trade Fair this Wednesday
Egypt will be participating in the International Tourism Trade Fair (FITUR) in Madrid from January 17 to January 21 to…
US dollar maintains stable rates against Egyptian Pound
January 15, 2018
US dollar maintains stable rates against Egyptian Pound
The US dollar maintained stable rates against the Egyptian pound on Monday. The dollar settled at LE 17.65 for purchase and LE…
US dollar maintains prices against Egyptian pound
January 14, 2018
US dollar maintains prices against Egyptian pound
The US Dollar exchange rate against the Egyptian pound maintained prices during Sunday’s dealings in the banking sector. According to…
Egypt hikes 2017-18 economic growth forecast to 5.3-5.5 percent
January 14, 2018
Egypt hikes 2017-18 economic growth forecast to 5.3-5.5 percent
Egypt has revised up its economic growth forecast for fiscal 2017-18 that began in July to 5.3 to 5.5 percent…
CBE warns against Bitcoin transactions
January 10, 2018
CBE warns against Bitcoin transactions
The Central Bank of Egypt (CBE) warned against using virtual currencies, namely Bitcoin, due to the high risks involved, describing…
Egypt’s growth rate expected at 4.5% in 2018: WB
January 10, 2018
Egypt’s growth rate expected at 4.5% in 2018: WB
The growth rate of Egypt’s economy is expected to reach 4.5 percent in FY 2018 as ongoing reforms and improved…
US dollar prices witness slight decline
January 9, 2018
US dollar prices witness slight decline
The exchange rate of the US dollar against the Egyptian pound witnessed a slight decline in Tuesday dealings. The most recent price…
Average yields on Egypt’s 3- and 7-year T-bonds rise at auction
January 9, 2018
Average yields on Egypt’s 3- and 7-year T-bonds rise at auction
Average yields on Egypt’s three-year and seven-year treasury bonds rose at an auction on Monday, central bank data showed. The…
Tourist arrivals up 55% y-o-y in first 11 months of 2017: Tourism Promotion Authority
January 8, 2018
Tourist arrivals up 55% y-o-y in first 11 months of 2017: Tourism Promotion Authority
Tourist arrivals increased 55 percent year-on-year in the first 11 months of 2017, head of Egypt’s Tourism Promotion Authority Hisham…
Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom
January 8, 2018
Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom
Encouraged by Egypt’s economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly optimistic…