Economy
Catalonia worries drive euro down against stronger dollar
October 2, 2017
Catalonia worries drive euro down against stronger dollar
The euro slipped against the dollar on Monday after a violence-marred independence vote in Spain’s Catalonia region and as higher…
Crisis widens over increasing prices for cell services
October 1, 2017
Crisis widens over increasing prices for cell services
Increases for mobile phone balance recharge cards, approved by the National Telecommunications Regulatory Authority (NTRA) Thursday, caused an uproar on Saturday…
Egypt’s foreign debt up 42 pct to $79 bln in 2016-17 -central bank
September 30, 2017
Egypt’s foreign debt up 42 pct to $79 bln in 2016-17 -central bank
Egypt’s foreign debt rose to $79 billion in the 2016-17 fiscal year which ended in June, up 42 percent from…
US to grant $100 million military aids to Egypt
September 27, 2017
US to grant $100 million military aids to Egypt
Egypt and the United States have signed new bilateral assistance agreements and amendments worth over US$100 million that support the…
US dollar records stable prices in Monday dealings
September 25, 2017
US dollar records stable prices in Monday dealings
The US dollar exchange rate to Egyptian pounds almost leveled off at LE 17.61 for purchase and LE 17.71 for…
GDP likely to hit 5.25 percent in fiscal year 2017/18: Finance Minister
September 19, 2017
GDP likely to hit 5.25 percent in fiscal year 2017/18: Finance Minister
Egypt aims to accomplish sustainable economic development with an expectation that it will increase its gross domestic product (GDP) up…
Egypt’s trade deficit drops by 50.4% in June
September 18, 2017
Egypt’s trade deficit drops by 50.4% in June
Egypt’s trade deficit dropped to $1.82 billion during June, compared to $3.66 billion during the same month of last year,…
US dollar exchange rates witness slight decline
September 17, 2017
US dollar exchange rates witness slight decline
US Dollar exchange rates declined against the Egyptian pound during banking dealings on Sunday. According to the last price update,…
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…