Economy

80% drop in customs tax of imported cars starting 2018: Customs Authority

80% drop in customs tax of imported cars starting 2018: Customs Authority

Head of Egypt’s Customs Authority Magdy Abdel Aziz said Sunday that the customs tax on cars, which currently stands at…
Egyptian exports climb to $5.8 billion from January-March 2017: CBE

Egyptian exports climb to $5.8 billion from January-March 2017: CBE

Egyptian exports saw a significant increase during the months of January-March 2017, reaching a value of $5.8 billion over the…
Egypt’s finance minister says expects Jan inflation at 20 pct

Egypt’s finance minister says expects Jan inflation at 20 pct

Egypt’s inflation rate is expected to drop to 20 percent in January and to 13-14 percent by August, Finance Minister…
Foreign investment in Egyptian securities rises to $19 bln

Foreign investment in Egyptian securities rises to $19 bln

Foreign investment in Egyptian securities hit $19 billion as of December 6 since the flotation of the pound currency in…
Egypt’s s balance of payments rise to $5.1 billion: CBE

Egypt’s s balance of payments rise to $5.1 billion: CBE

The Central Bank of Egypt (CBE) stated that the total surplus of Egypt’s balance of payments rose to USD 5.1…
Egypt’s Atoll gas field begins test production: minister

Egypt’s Atoll gas field begins test production: minister

Test production at Egypt’s Atoll offshore gas field began on Tuesday with a production capacity of 300 million cubic feet…
Egypt says 4 bln dollars of debt paid to African Export-Import Bank

Egypt says 4 bln dollars of debt paid to African Export-Import Bank

 Egypt has paid back a total $4 billion to the African Export-Import Bank, the central bank said on Tuesday. The…
CBE: foreign reserves rise by $20 million in November

CBE: foreign reserves rise by $20 million in November

The Central Bank of Egypt (CBE) said that the country’s net foreign currency reserves rose by $20 million at the…
US dollar slightly up on Monday

US dollar slightly up on Monday

The US dollar exchange rate slightly rose against the Egyptian pound in the dealings of Egypt’s banking sector on Monday after…
Growth rate has increased due to investment surge: Planning Minister

Growth rate has increased due to investment surge: Planning Minister

  Egypt’s Minister of Planning Hala Al-Saeed said Thursday that a rise in investments in the country has contributed to…
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