Economy
Deutsche Bank projects Egypt inflation down to 20% by end of 2017
June 7, 2017
Deutsche Bank projects Egypt inflation down to 20% by end of 2017
Deutsche Bank projected on Monday that Egypt’s inflation will decline to approximately 20% by the end of 2017 – a…
Egyptian billionaire Sawiris calls for Egyptian businessmen to withdraw from Qatar
June 5, 2017
Egyptian billionaire Sawiris calls for Egyptian businessmen to withdraw from Qatar
Egyptian billionaire Naguib Sawiris has called on Egyptian businessmen to withdraw their investments from Qatar and halt business dealings with…
Egypt’s central bank did not order to halt Qatari riyal transactions: statement
June 5, 2017
Egypt’s central bank did not order to halt Qatari riyal transactions: statement
Egypt’s central bank said it has not ordered banks to halt transactions in Qatari riyals, after six Arab nations, including…
Egypt’s foreign reserves rise to $31.125 bn
June 5, 2017
Egypt’s foreign reserves rise to $31.125 bn
The Central Bank of Egypt (CBE) announced Sunday that the country’s foreign reserves rose to $31.125 billion at the end…
Egypt among five destinations for Chinese investments in Belt and Road region
June 3, 2017
Egypt among five destinations for Chinese investments in Belt and Road region
A report issued by the Chinese Academy of Social Sciences, Tsinghua University and Thomson Reuters Foundation on Saturday mentioned that…
UK election raises Brexit stakes while ECB eyes recovery
June 3, 2017
UK election raises Brexit stakes while ECB eyes recovery
It was meant to be a landslide victory for Prime Minister Theresa May. But the odds on that outcome in…
Egypt eyes increasing exports volume to EU to $50 bln
June 2, 2017
Egypt eyes increasing exports volume to EU to $50 bln
Egypt is seeking to be effective in the world economy in terms of volume of exports traded globally, said Amr…
Egypt to launch cruise lines with Greece in latest efforts to revive tourism
June 1, 2017
Egypt to launch cruise lines with Greece in latest efforts to revive tourism
As part of the state’s continuous efforts to attract additional tourists and revive the country’s ailing tourism industry, Egypt’s Ministry…
LE572 million allocated to improve water quality, drainage: Planning Ministry
May 30, 2017
LE572 million allocated to improve water quality, drainage: Planning Ministry
The Ministry of Planning, Follow-up and Administrative Reform approved additional allocations of LE572.5 million to improve the quality of drinking…
Banking system received $1 bln in 2 days, after central bank raised key interest rates
May 29, 2017
Banking system received $1 bln in 2 days, after central bank raised key interest rates
Governor of the Central Bank of Egypt Tarek Amer said Monday that the banking system received around $1 billion since…