Business
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…
Sisi officially approves Egypt-EIB loan agreement
August 8, 2019
Sisi officially approves Egypt-EIB loan agreement
President Abdel Fattah al-Sisi has approved a government agreement between Egypt and the European Investment Bank (EIB) on the Kitchener…
Minister: Companies sign MoU establishing ammonia plant in Suez
August 7, 2019
Minister: Companies sign MoU establishing ammonia plant in Suez
Egypt’s Minister of Public Business Sector Hesham Tawfik witnessed on Wednesday the signing of a Memorandum of Understanding (MoU) between…
Egypt’s foreign currency reserves increase to US$44.916 bn in July: CBE
August 7, 2019
Egypt’s foreign currency reserves increase to US$44.916 bn in July: CBE
The Central Bank of Egypt (CBE) said on Tuesday that the value of the country’s foreign currency reserves reached US$44.916…
Summer sales, Eid al-Adha boost clothes sales
August 7, 2019
Summer sales, Eid al-Adha boost clothes sales
The coming of the Eid al-Adha holiday along with the announcement of summer sales at the end of July, 40…