Business
US dollar exchange rate continues decline in Egypt
May 13, 2019
US dollar exchange rate continues decline in Egypt
US dollar prices declined against the Egyptian pound by an average of four piasters in several banks on Monday. The…
Egypt to increase local components in production: Prime Minister
May 12, 2019
Egypt to increase local components in production: Prime Minister
Egypt’s Prime Minister Mostafa Madbouly announced Sunday that the government would set a comprehensive strategy to increase the percentage of…
Moody’s expects Egypt’s GDP to increase by 6 percent by 2021
May 10, 2019
Moody’s expects Egypt’s GDP to increase by 6 percent by 2021
Moody’s investors service said that Egypt’s commitment to economic reforms in cooperation with the World Bank and improvements in the…
Egypt headline inflation drops to 13.0 pct in April: CAPMAS
May 10, 2019
Egypt headline inflation drops to 13.0 pct in April: CAPMAS
Egypt’s annual urban consumer price inflation eased to 13.0 percent in April from 14.2 percent in March, official statistics agency…
China to provide 4.6 bn yuan soft loan to Egypt for electric train project
May 9, 2019
China to provide 4.6 bn yuan soft loan to Egypt for electric train project
The Official Gazette published on Thursday morning the decision of President Abdel Fattah al-Sisi, No. 496 of 2018, to approve…
Egypt injects LE70 million for facing illegal immigration
May 9, 2019
Egypt injects LE70 million for facing illegal immigration
A delegate of the Medium, Small, and Micro Enterprises Development Authority (MSMEDA) said on Wednesday that the government injected LE70…
US Dollar exchange rate in Egypt declines further
May 8, 2019
US Dollar exchange rate in Egypt declines further
US dollar prices slightly declined against the Egyptian pound in several banks on Sunday. According to the last update prices…
Egypt expects IMF loan final tranche in July – deputy finance minister
May 8, 2019
Egypt expects IMF loan final tranche in July – deputy finance minister
CAIRO, May 7 (Reuters) – Egypt expects, in principle, to receive the final tranche of about $2 billion of its…
US dollar rate in Egypt declines
May 6, 2019
US dollar rate in Egypt declines
On Monday, the US dollar saw a two-piaster decline in Egypt’s banks. In Banque Misr and the National Bank of…
Egypt’s foreign currency reserves increase to US$44.218 bn: CBE
May 6, 2019
Egypt’s foreign currency reserves increase to US$44.218 bn: CBE
The Central Bank of Egypt (CBE) announced that the country’s foreign currency reserves increased to US$44.218 billion at the end…