Economy

Foreign currency reserves rose to record-high $37.19 bn in December 2017: CBE

Foreign currency reserves rose to record-high $37.19 bn in December 2017: CBE

Egypt’s net foreign currency reserves climbed to an all-time high of $37.19 billion in December 2017, the Central Bank of Egypt (CBE)…
Egypt paid $30bn in loans in 2017: CBE

Egypt paid $30bn in loans in 2017: CBE

Sources in the Central Bank of Egypt (CBE) announced on Wenesday that Egypt paid $US30 billion to foreign bodies in…
Egypt’s central bank keeps interest rates unchanged

Egypt’s central bank keeps interest rates unchanged

Egypt’s central bank kept its key interest rates unchanged on Thursday as inflation remained in double digits a year after…
First Egypt-made smartphone open for pre-booking

First Egypt-made smartphone open for pre-booking

Egyptian Silicon Industries Company (SICO Egypt), manufacturer of the first Egypt-made smartphone, announced the opening of the pre-booking of its…
Stricter inspection measures to increase exports of Egyptian fruits: Agriculture Ministry

Stricter inspection measures to increase exports of Egyptian fruits: Agriculture Ministry

Egypt’s Ministry of Agriculture announced that it would impose stricter inspection measures of Egyptian fruits, including guava and pomegranate, in…
Egypt sets customs exchange rate at LE16 per US dollar for January

Egypt sets customs exchange rate at LE16 per US dollar for January

Egypt’s customs exchange rate will continue to be fixed at LE16 per dollar starting from Monday, January 1, 2018, until…
Recession hits Egypt’s gold market

Recession hits Egypt’s gold market

The gold price climbed LE7 domestically on Saturday, driven by global price hikes, amid a state of unprecedented stagnation on…
Egypt exports to Turkey up 44% in 10 months: ministry

Egypt exports to Turkey up 44% in 10 months: ministry

Egypt Trade and Industry Minister Tariq Qabil said on Saturday that Egyptian exports to Turkey significantly increased between January and…
US dollar exchange rates stable on Thursday

US dollar exchange rates stable on Thursday

US dollar exchange rates were stable throughout Thursday morning trading. In the National Bank of Egypt (NBE), the US dollar…
Egypt’s vegetable oil reserves at 3 months, sugar at 5: official

Egypt’s vegetable oil reserves at 3 months, sugar at 5: official

Egypt’s strategic vegetable oil reserves are enough to meet consumption needs for more than three months while sugar reserves are…
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