Business
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…
Egypt’s economy seen growing 5.5 pct in year to end of June
May 2, 2019
Egypt’s economy seen growing 5.5 pct in year to end of June
CAIRO (Reuters) – Egypt’s economy is expected to grow 5.5 percent in the fiscal year that ends in June, according…
Egypt’s Transport Ministry signs €157 million supply contract for Spanish trains
April 30, 2019
Egypt’s Transport Ministry signs €157 million supply contract for Spanish trains
Egypt’s Ministry of Transport on Monday signed a €157 million purchase and supply contract for six new air-conditioned railway trains…
US investment fund to buy Egypt’s United Bank: CBE
April 29, 2019
US investment fund to buy Egypt’s United Bank: CBE
Governor of Central Bank of Egypt (CBE) Tarek Amer announced on Monday that a US investment fund would buy the…
China to invest US$5 billion in Egypt’s Suez Canal Economic Zone
April 28, 2019
China to invest US$5 billion in Egypt’s Suez Canal Economic Zone
A memorandum of understanding was signed between the Government of Tianjin and the General Authority of the Economic Zone of…