Economy
Egypt’s economy growth rate to reach 4.8% in FY2017/18: IMF
January 24, 2018
Egypt’s economy growth rate to reach 4.8% in FY2017/18: IMF
The growth rate of Egypt’s economy increased from 3.5 percent in the fiscal year 2015-2016 to 4.2 percent in fiscal year…
US dollar prices witness relative stability on Tuesday
January 23, 2018
US dollar prices witness relative stability on Tuesday
The US dollar exchange rate witnessed relative stability against the Egyptian pound during the bank dealings on Tuesday. According to…
US dollar records fluctuating prices on Monday
January 22, 2018
US dollar records fluctuating prices on Monday
The US dollar witnessed fluctuating exchange rates against the Egyptian Pound during the banking dealings on Monday. According to the…
Dollar wallows near three-year lows on US government shutdown
January 22, 2018
Dollar wallows near three-year lows on US government shutdown
The dollar was pinned near a three-year low on Monday as a US government shutdown encouraged investors to add to…
US dollar exchange rate maintains prices against Egypt pound
January 21, 2018
US dollar exchange rate maintains prices against Egypt pound
US dollar exchange rates witnessed relative stability against the Egyptian pound during banking dealings on Sunday. According to the latest…
AFDB approves third $500 mln tranche in support for Egypt’s reform program
January 18, 2018
AFDB approves third $500 mln tranche in support for Egypt’s reform program
In support of the country’s effort to improve Egyptians’ quality of life, the African Development Bank approved the disbursement of…
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
January 17, 2018
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
Fitch Ratings Inc., one of the three biggest credit rating agencies in the world, raised Egypt’s long-term Foreign-Currency Issuer Default…
External debt is $79 bn, says Finance Minister after financial outlook improves
January 17, 2018
External debt is $79 bn, says Finance Minister after financial outlook improves
Minister of Finance Amr al-Jarhi stated on Tuesday that Egypt’s external debt stood at $79 billion at the end of…
Bitcoin value continues to fall after several countries warn against it
January 17, 2018
Bitcoin value continues to fall after several countries warn against it
The electronic currency Bitcoin continued on Wednesday to fall, completing a 24-hour downward spiral, with about 7 percent of its…
Egypt to participate in Spain’s International Tourism Trade Fair this Wednesday
January 15, 2018
Egypt to participate in Spain’s International Tourism Trade Fair this Wednesday
Egypt will be participating in the International Tourism Trade Fair (FITUR) in Madrid from January 17 to January 21 to…