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US dollar exchange rate continues decline in Egypt

US dollar exchange rate continues decline in Egypt

US dollar prices have slightly declined against the Egyptian pound by an average of two piasters in several banks on…
PepsiCo Egypt to increase investments by US$500 mn

PepsiCo Egypt to increase investments by US$500 mn

Chairman and CEO of PepsiCo Egypt Mohamed Shelbaya said that his company intends to pump US$500 million into increasing production…
Egypt seeks 6% growth rate during upcoming fiscal year, Minister

Egypt seeks 6% growth rate during upcoming fiscal year, Minister

Finance Minister Mohamed Maait said on Saturday that Egypt’s fiscal policy aims to raise economic growth rates to 6 percent…
Moody’s upgrades Egypt’s rating to B2

Moody’s upgrades Egypt’s rating to B2

Moody’s upgraded Egypt’s rating to B2 with a stable outlook, expecting financial and economic reforms to cause gradual and steady…
EFSA to increase market capitalization to LE1.6 trillion: Chairman

EFSA to increase market capitalization to LE1.6 trillion: Chairman

The Egyptian Financial Supervisory Authority (EFSA) strategy until 2022 aims to raise the number of listed companies to 275 and…
Egypt’s PM meets Kuwaiti companies, discusses increasing investments

Egypt’s PM meets Kuwaiti companies, discusses increasing investments

Egypt’s Prime Minister Mostafa Madbouly met with the executive manager of the Kuwaiti group M.A. Kharafi & Sons and telecommunications…
Egypt receives second shipment of Iraqi crude oil

Egypt receives second shipment of Iraqi crude oil

Egypt has received the second shipment of crude oil from Iraq after renewing the supply contract with Iraqi national company…
Egypt to sell stake in Banque du Caire by end of year: CBE Governor

Egypt to sell stake in Banque du Caire by end of year: CBE Governor

Central Bank of Egypt Governor Tarek Amer officially revealed plans to sell a stake in Banque du Caire, one of…
Egypt’s Cabinet denies economic crisis caused by IMF conditions

Egypt’s Cabinet denies economic crisis caused by IMF conditions

The Egyptian Cabinet’s media center denied rumors on social media that Egypt is undergoing a severe economic crisis thanks to…
Egypt imposes temporary protection fees on iron imports

Egypt imposes temporary protection fees on iron imports

The Egyptian Finance Ministry said on Monday that it has begun collecting temporary protection fees on Egypt’s steel imports in…
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