Economy

The World Bank has handed over to Egypt the first tranche of a US$3 billion loan to support the government's…

President Abdel Fattah al-Sisi has ratified the new law on Value Added Tax (VAT), according to a report in The…

Egypt's state statistics bureau says the annual inflation rate in urban areas reached 15.5 percent in August, a surge of…

Egyptian state inspectors have rejected a 63,000 ton shipment of wheat at its Romanian port of origin after checking for…

Egypt is in advanced talks with Saudi Arabia to secure a new deposit worth $2-3 billion as part of about…

An Italian property developer with investments in Egyptian tourism has launched an initiative to lure Italian tourists back to Sharm…

Egypt's budget deficit rose by 16.8 percent to 254.9 billion Egyptian pounds ($28.71 billion) in the first nine months of…

Crude oil futures pared gains on Monday after top producers Russia and Saudi Arabia said they have agreed to cooperate…

Egypt's General Authority for Supply Commodities (GASC) purchased on Sunday 50,000 tonnes of Brazilian raw sugar, GASC vice chairman Ahmed…

Egypt's net foreign reserves rose to US$16.564 billion at the end of August, the Central Bank of Egypt (CBE) said…