Economy
Egypt ranks third among Arab nations on Global Hunger Index 2016
March 15, 2017
Egypt ranks third among Arab nations on Global Hunger Index 2016
Egypt ranks third place among Arab countries on the Global Hunger Index for 2016 and in 59th place among 118 countries surveyed,…
US dollar exceeds LE18 during Tuesday transactions
March 14, 2017
US dollar exceeds LE18 during Tuesday transactions
The US dollar exchange rate increased during transactions on Tuesday, reaching a high of LE18.05 at Abu Dhabi Islamic Bank.At…
Sisi orders providing subsidized bread to citizens
March 14, 2017
Sisi orders providing subsidized bread to citizens
President Abdel Fattah al-Sisi has instructed the necessity to provide citizens with their shares of subsidized bread.During a meeting on…
Electricity Ministry plans new price increases: sources
March 14, 2017
Electricity Ministry plans new price increases: sources
The Electricity Ministry is studying a number of scenarios for the new tariff being introduced to electricity prices, which will…
Oil touches three-month lows, as US supply swells
March 13, 2017
Oil touches three-month lows, as US supply swells
Oil hovered around three-month lows on Monday, as rising US inventories and drilling activity offset optimism over OPEC's efforts to…
Egypt’s economic reforms have effect on macroeconomics: World Bank official
March 13, 2017
Egypt’s economic reforms have effect on macroeconomics: World Bank official
The recent economic reforms applied by the Egyptian government have an important effect on the macroeconomic package, in addition to…
US economy adds 235,000 new jobs in February
March 11, 2017
US economy adds 235,000 new jobs in February
The US economy had another strong month of job creation in February, the Labor Department reported -- a result sure…
UK offers US$150 million as loan guarantee to support Egypt’s economic reform
March 9, 2017
UK offers US$150 million as loan guarantee to support Egypt’s economic reform
British Ambassador John Casson signed on Wednesday a joint declaration of intent with International Cooperation and Investment Minister Sahar Nasr.In…
Government resolves bread crisis in governorates
March 9, 2017
Government resolves bread crisis in governorates
The crisis of the 'gold card’, used to get subsidized bread in the governorates, had been solved on Wednesday after…
Annual food inflation rate jumps by 41.7%: CAPMAS
March 9, 2017
Annual food inflation rate jumps by 41.7%: CAPMAS
The annual food and beverage inflation rates jumped by 41.7 percent in February 2017, according to the a report by…