Economy

Egypt govt seeks to reduce budget deficit to 9.5%

Egypt govt seeks to reduce budget deficit to 9.5%

Egyptian presidential spokesperson Bassam Rady said on Saturday that the government aims to reduce the total budget deficit to about…
Oil ministry offers international bid for new explorations in Red Sea: minister

Oil ministry offers international bid for new explorations in Red Sea: minister

During an inspection of the Geophysics Data Collection Project on Saturday, Minister of Oil Tarek El Mulla stressed the importance…
Egypt govt to raise dollar price in new budget: Reuters

Egypt govt to raise dollar price in new budget: Reuters

Three government sources anonymously told Reuters on Tuesday that the Egyptian government will increase the US dollar exchange rate in…
PM, Finance Ministry officials meet to discuss new budget

PM, Finance Ministry officials meet to discuss new budget

Prime Minister Sherif Ismail discussed economic indicators for the current fiscal year and the new budget for the 2018/2019 fiscal…
One trillion pounds spent on infrastructure since 2014: minister

One trillion pounds spent on infrastructure since 2014: minister

Nearly one trillion pounds have been spent on infrastructure and services in Egypt’s governorates from mid-2014 till now, of which…
Egypt to develop comprehensive tourism reform program: minister

Egypt to develop comprehensive tourism reform program: minister

Egypt’s Tourism Minister Rania al-Mashat said Friday that the government is adopting a comprehensive reform program that places tourism as…
Suez Canal, Dubai DP sign agreement to establish marine terminal in Ain Sokhna

Suez Canal, Dubai DP sign agreement to establish marine terminal in Ain Sokhna

Chairman of the Suez Canal Authority (SCA) and the Suez Canal Economic Zone (SCZone) Mohab Mamish and the Chairman and…
Egypt’s foreign currency reserve at $38.2 billion: minister

Egypt’s foreign currency reserve at $38.2 billion: minister

Minister of Planning Hala al-Saeed said that the strategic reserve of foreign currency in the Central Bank of Egypt reached…
Remittances of Egyptians in Jordan reach $80 million in January: report

Remittances of Egyptians in Jordan reach $80 million in January: report

The Ministry of Manpower and Immigration said on Saturday that the total remittances of Egyptians working in Jordan during January…
US dollar maintains stable rates against Egyptian pound

US dollar maintains stable rates against Egyptian pound

The US dollar maintained stable rates against the Egyptian pound on Wednesday morning. The dollar settled at LE17.60 for purchase…
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