Economy
Egypt govt seeks to reduce budget deficit to 9.5%
March 11, 2018
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
March 11, 2018
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
March 6, 2018
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
March 6, 2018
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
March 5, 2018
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
March 3, 2018
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
February 28, 2018
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
February 24, 2018
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
February 24, 2018
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
February 21, 2018
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…