Economy

‘Belady’ certificates could collect US$3 mn if offered locally: expert

‘Belady’ certificates could collect US$3 mn if offered locally: expert

Economic Expert and Financing Professor Medhat Nafea expects the ‘Belady’ dollar denominated certificate to collect around US$3 billion when offered…
Egypt-Korean Business Council to convene Thursday in S.Korea

Egypt-Korean Business Council to convene Thursday in S.Korea

The ninth session of the Egyptian-Korean Business Council will be inaugurated Thursday in South Korea. President Abdel Fattah al-Sisi will participate…
India pledges billions for farmers in ‘make-or-break’ budget

India pledges billions for farmers in ‘make-or-break’ budget

India pledged to spend US$5.2 billion dollars to double the income of struggling farmers and also boost a rural employment…
China expects to lay off 1.8 million workers in coal, steel sectors

China expects to lay off 1.8 million workers in coal, steel sectors

China said on Monday it expects to lay off 1.8 million workers in the coal and steel industries, or about…
Egypt launches investment scheme to lure expat dollars

Egypt launches investment scheme to lure expat dollars

Egypt launched a new scheme on Monday to encourage millions of Egyptians living abroad to pour their dollar savings into…
Eni to invest US$2 bn in Egypt in 2017: official

Eni to invest US$2 bn in Egypt in 2017: official

The Italian multinational oil and gas company Eni will add US$2 billion to Egypt's investments in the first quarter of 2017 through its Zohr natural gas…
After G20 stalemate, focus turns to signs of growth momentum

After G20 stalemate, focus turns to signs of growth momentum

Investors worried about the risk of a new global recession are hoping that data over the coming week will show…
Egyptian T-bill yields rise, signals possible interest rate hike

Egyptian T-bill yields rise, signals possible interest rate hike

Yields on Egypt's three-month and nine-month treasury bills rose sharply at Sunday's auction, data from the central bank showed, signalling…
Egyptian pound steady at forex sale, stronger on black market

Egyptian pound steady at forex sale, stronger on black market

The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday but was stronger on…
Egypt racing time to bridge budget gap with Islamic bonds: Finance Ministry

Egypt racing time to bridge budget gap with Islamic bonds: Finance Ministry

The Ministry of Finance is working on amendments to laws regulating the issuance of Islamic bonds (sukuk) as a means…
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