Business
IMF chief warns of high Arab public debt
February 9, 2019
IMF chief warns of high Arab public debt
Public debt has rapidly increased in many Arab countries since the 2008 global financial crisis, due to persistently high budget…
CBE denies ‘Let it Rust’ saved $12bn to state treasury
February 8, 2019
CBE denies ‘Let it Rust’ saved $12bn to state treasury
The Central Bank of Egypt (CBE) denied that the “Let it Rust” social media campaign, which called for boycotting buying…
Egypt targets 3bn cubic feet of gas per day from Zohr: Minister
February 7, 2019
Egypt targets 3bn cubic feet of gas per day from Zohr: Minister
Petroleum Minister Tarek al-Molla announced targeting a maximum production of more than 3 billion cubic feet of gas per day…
Egypt to participate in COTTM exhibition in China on April
February 6, 2019
Egypt to participate in COTTM exhibition in China on April
Egypt will participate in the China Outbound Travel & Tourism Market (COTTM) exhibition for tourism and aviation in its latest…
Egypt receives $2bn tranche of IMF loan
February 6, 2019
Egypt receives $2bn tranche of IMF loan
Egypt has received the fifth installment of the International Monetary Fund (IMF) loan, worth $2 billion, an official source at…
Zohr production to reach 3bn cubic meters in 2019: Minister
February 6, 2019
Zohr production to reach 3bn cubic meters in 2019: Minister
Egypt’s Minister of Oil and Mineral Wealth Tarek El Molla said that the ministry plans to increase production of the…
OECD drops Egypt’s economic risk classification ranking
February 4, 2019
OECD drops Egypt’s economic risk classification ranking
The Organization for Economic Co-operation and Development (OECD) officially announced that Egypt’s risk classification has dropped from six to…
Egyptian Investment Group aims to end car trade monopoly
February 4, 2019
Egyptian Investment Group aims to end car trade monopoly
The Egyptian Investment Group announced it would establish a company for car trading in order to counter the monopoly and…
Egypt’s govt plans to reduce indebtedness on medium term: Finance Minister
February 4, 2019
Egypt’s govt plans to reduce indebtedness on medium term: Finance Minister
Egypt’s Finance Ministry, participating with the economic ministerial group and the Central Bank of Egypt, has prepared an integrated…
Egypt’s telecommunications sector makes 16.4% growth in second quarter of 2018-19
February 2, 2019
Egypt’s telecommunications sector makes 16.4% growth in second quarter of 2018-19
The communications and information technology sector witnessed a growth rate of 16.4 percent during the second quarter of the…