Business
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…
Sisi brings economic change for the better: World Bank President
May 5, 2019
Sisi brings economic change for the better: World Bank President
President of the World Bank Group, David Malpass, said on Sunday that President Abdel Fattah al-Sisi has achieved economic and…
Egypt improves wages to reduce impact of economic reforms
May 4, 2019
Egypt improves wages to reduce impact of economic reforms
Egypt’s Finance Ministry announced that the government plans to reduce the impact of financial and economic reforms on citizens in…
Egypt’s cabinet refutes claims of privatization of Suez Canal Authority
May 3, 2019
Egypt’s cabinet refutes claims of privatization of Suez Canal Authority
Egypt’s cabinet refuted on Thursday rumors of selling the Suez Canal Authority to privately-owned companies to establish funding for the…