Economy

Egypt, UAE begin agreements including development of Hamra Port

Egypt, UAE begin agreements including development of Hamra Port

Egyptian Ministry of Petroleum and Mineral Resources and the government of the Fujairah Emirate in the UAE began implementing the…
Why is the US dollar rising in Egypt?

Why is the US dollar rising in Egypt?

Economists have attributed the recent rise in the US dollar against the Egyptian pound to a combination of domestic and…
No major devaluation planned for the Egyptian Pound: Cabinet Spokesperson

No major devaluation planned for the Egyptian Pound: Cabinet Spokesperson

Cabinet Spokesperson Counselor Mohamed al-Hamasy stated that Prime Minister Mostafa Madbouly clearly indicated in the weekly press conference that Egypt…
Central Bank of Egypt announces increase in foreign reserves to $46.94 billion

Central Bank of Egypt announces increase in foreign reserves to $46.94 billion

The Central Bank announced an increase in net foreign reserves to US$46.94 billion at the end of October, compared to…
Egypt desires for IMF’s work not to impose additional burdens on citizens: Prime Minister

Egypt desires for IMF’s work not to impose additional burdens on citizens: Prime Minister

Egyptian Prime Minister Mostafa Madbouly announced the start of implementing procedures for the fourth review of the International Monetary Fund’s…
Fitch upgrades Egypt’s credit rating to B with stable outlook

Fitch upgrades Egypt’s credit rating to B with stable outlook

Fitch Ratings upgraded Egypt’s credit rating from B- to B with a stable outlook. The credit rating agency said in…
Real estate bubble threatens Egypt’s market: Expert

Real estate bubble threatens Egypt’s market: Expert

Wael Enaba, a capital markets expert, has stated that there is currently a disagreement among experts and analysts regarding the…
Egypt looks forward to positive consultations with IMF mission: Minister

Egypt looks forward to positive consultations with IMF mission: Minister

Minister of Finance Ahmed Kouchouk, concluded his participation in the annual meetings of the International Monetary Fund (IMF) and the…
Three alternatives to compensate for decline in Suez Canal revenues

Three alternatives to compensate for decline in Suez Canal revenues

The Chairman of the Board of Directors of the Commercial International Bank, Hesham Ezz al-Arab, said on Sunday that the…
China directly invests up to $8 billion in Egypt

China directly invests up to $8 billion in Egypt

The General Authority for Investment and Free Zones announced that Chinese companies in Egypt have been able to achieve tangible…
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