Business
Sisi approves French Development Agency agreement on 2 mn euro grant
September 12, 2019
Sisi approves French Development Agency agreement on 2 mn euro grant
President Abdel Fattah al-Sisi issued presidential decree 177 of 2019 approving a simplified agreement between Egypt and the French Development…
Egypt’s inflation rate records 11.5 percent in January-August: CAPMAS
September 11, 2019
Egypt’s inflation rate records 11.5 percent in January-August: CAPMAS
Egypt’s inflation rate recorded 11.5 percent in January-August 2019, compared to the same period in 2018, while prices of food…
Egypt to issue international bonds and diversify currency to hedge against risks
September 9, 2019
Egypt to issue international bonds and diversify currency to hedge against risks
Egyptian Finance Minister Mohamed Maait announced on Monday that his country intends to issue international bonds worth between US$3-7 billion…
General Federation of Poultry suspends poultry imports
September 6, 2019
General Federation of Poultry suspends poultry imports
The General Federation of Poultry (GFP) producers announced on Friday morning a decision to suspend the import of poultry and…
Turkey’s Erdogan says plans 5% growth rate in 2020
September 5, 2019
Turkey’s Erdogan says plans 5% growth rate in 2020
ISTANBUL (Reuters) – President Tayyip Erdogan said Turkey would plan for economic growth of 5% in 2020 and expected interest…
US dollar prices decrease in Egyptian banks
September 5, 2019
US dollar prices decrease in Egyptian banks
US dollar prices have decreased in Egyptian banks to between LE16.46 and LE16.50 for purchase and between LE16.56 and LE16.60…
Syrian pound falls to record low as economy hit by sanctions: dealers
September 5, 2019
Syrian pound falls to record low as economy hit by sanctions: dealers
BEIRUT (Reuters) – The Syrian pound fell to a record low on the black market, driven down by lack of…
Egypt’s foreign reserves increase to $44.969 bn: CBE
September 4, 2019
Egypt’s foreign reserves increase to $44.969 bn: CBE
Egypt’s foreign reserves have increased by US$53 million to $44.969 billion in August, compared to $44.916 billion in July, the…
Lebanon PM says accelerating reforms to rein in public debt: CNBC
September 4, 2019
Lebanon PM says accelerating reforms to rein in public debt: CNBC
BEIRUT (Reuters) – Lebanese Prime Minister Saad al-Hariri said his government would aim to cut the budget deficit to 7%…
Egypt sees lower budget deficit, higher primary surplus in FY 2019/20
September 4, 2019
Egypt sees lower budget deficit, higher primary surplus in FY 2019/20
CAIRO, Sept 3 (Reuters) – Egypt is targeting a budget deficit of 7.2 percent this fiscal year, the finance minister…