Business
Iran moves to strike 4 zeroes from its battered currency
August 22, 2019
Iran moves to strike 4 zeroes from its battered currency
TEHRAN, Iran (AP) — Iran’s president sent a bill to parliament Wednesday that would cut four zeroes from the value…
Egypt plans to convert 50,000 vehicles to natural gas in a year
August 21, 2019
Egypt plans to convert 50,000 vehicles to natural gas in a year
The Ministry of Petroleum and Mineral Resources stated that it aims to convert 50,000 cars to natural gas during the…
Harvard: Egypt’s economy to grow by 6.8 percent until 2027
August 19, 2019
Harvard: Egypt’s economy to grow by 6.8 percent until 2027
Egypt’s Prime Minister Mostafa Madbouly examined a report from the Harvard Institute for International Development which anticipates that the Egyptian…
Egypt’s Finance Ministry allocates LE5 bn to build 13 industrial parks
August 18, 2019
Egypt’s Finance Ministry allocates LE5 bn to build 13 industrial parks
Egyptian Finance Minister Mohamed Maait announced on Saturday that LE5 billion from the state’s budget has been allocated towards the…
Egypt aims to reduce government debt to 77.5% by June 2022
August 17, 2019
Egypt aims to reduce government debt to 77.5% by June 2022
The Egyptian Finance Ministry announced on Friday that the government is targeting the budget for the fiscal year 2019/2020 with…
Sisi approves 350 mn euro loan from European Investment Bank for metro’s first line
August 15, 2019
Sisi approves 350 mn euro loan from European Investment Bank for metro’s first line
President Abdel Fattah al-Sisi issued on Thursday Presidential Decree No. 76 of 2019 approving a government agreement with the European…
Egypt’s stock exchange, banks resume work on Wednesday
August 13, 2019
Egypt’s stock exchange, banks resume work on Wednesday
Egypt’s stock exchange and banks will resume work on Wednesday following the three-day-vacation from August 11 till August 13 for…
Egypt to increase oil production to 690,000 barrels per day: minister
August 13, 2019
Egypt to increase oil production to 690,000 barrels per day: minister
Egyptian Minister of Petroleum Tarek al-Mulla announced a program to increase oil production and make further oil discoveries. In remarks…
Egypt’s banks to pay back dues of Suez Canal certificates in September
August 11, 2019
Egypt’s banks to pay back dues of Suez Canal certificates in September
Investor experts said that Egyptian banks will pay back on September 4 the dues of Suez Canal certificates amounting LE64…
Egypt’s inflation rate sees 1.5% increase in July: CAPMAS
August 8, 2019
Egypt’s inflation rate sees 1.5% increase in July: CAPMAS
Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) said on Thursday that the country’s inflation rate increased by 1.5 percent…