Economy
US dollar to reach EGP 20 in 2019: CNN
September 15, 2017
US dollar to reach EGP 20 in 2019: CNN
A recent report by CNN Arabia raised two questions: Has the Egyptian pound recovered? Has the Egyptian government succeeded in…
Egypt’s central bank considers obligating banks to classify loans and deposits by gender
September 15, 2017
Egypt’s central bank considers obligating banks to classify loans and deposits by gender
Egypt’s central bank is considering requiring banks to report the breakdown of their loan and deposit figures according to the…
Egypt budget deficit down to 8 pct of GDP in first nine months of 2016-17
September 15, 2017
Egypt budget deficit down to 8 pct of GDP in first nine months of 2016-17
Egypt’s budget deficit for the first nine months of the 2016-17 fiscal year ending in June dipped to 8 percent…
Informal economy in Egypt contributes to about 40% of GDP: Minister
September 14, 2017
Informal economy in Egypt contributes to about 40% of GDP: Minister
Minister of Planning and Administrative Development Hala al-Saeed said Thursday that the informal sector in the Egyptian economy contributes to…
Annual inflation rate hits 33.2% in August: CAPMAS
September 11, 2017
Annual inflation rate hits 33.2% in August: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Monday that annual inflation rates receded to 33.2 percent…
French wheat shipment, infected with poppy seeds, removed
September 11, 2017
French wheat shipment, infected with poppy seeds, removed
The Plant Quarantine Department in Port Safaga blocked a 59,000-ton shipment of French wheat on Sunday, imported for the Public Authority…
Global shares mostly lower on hurricane, North Korea worries
September 8, 2017
Global shares mostly lower on hurricane, North Korea worries
Global shares mostly slipped Friday on worries about the damage from Hurricane Irma in the US, as well as lingering…
Egypt’s foreign reserves surge to $36.1 in August: CBE
September 6, 2017
Egypt’s foreign reserves surge to $36.1 in August: CBE
Egypt’s foreign reserves increased to $US 36.143 billion in August from $US 36.036 in July, surpassing, for first time, pre-January…
US dollar price stable on Wednesday trading
September 6, 2017
US dollar price stable on Wednesday trading
The US dollar exchange rate was stable against the Egyptian pound at the beginning of Wednesday morning trading at banks…
China to invest $11.2 billion in projects for Egypt’s New Administrative Capital
September 4, 2017
China to invest $11.2 billion in projects for Egypt’s New Administrative Capital
Egypt and China are expected to sign a number of agreements during President Abdel Fatah al-Sisi’s visit to China for…