Economy
Foreign currency reserves rose to record-high $37.19 bn in December 2017: CBE
January 3, 2018
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
January 3, 2018
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
January 2, 2018
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
January 1, 2018
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
December 31, 2017
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
December 31, 2017
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
December 31, 2017
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
December 30, 2017
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
December 28, 2017
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
December 27, 2017
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…