Business
World Bank praises Egypt’s economic reform at Bali meeting
October 12, 2018
World Bank praises Egypt’s economic reform at Bali meeting
President of the World Bank Jim Kim presented on Friday the success stories of economic reform in four countries,…
Finance minister denies Egypt requested additional IMF loan
October 12, 2018
Finance minister denies Egypt requested additional IMF loan
Egypt has not requested an additional loan from the International Monetary Fund (IMF) or an extension of the current…
Moody’s changes Egypt’s banking system outlook to positive
October 11, 2018
Moody’s changes Egypt’s banking system outlook to positive
Rating agency Moody’s announced Wednesday that it has upgraded its outlook for Egypt’s banking system to positive from stable.…
Egypt central bank signs $3.8 bln finance accord with international banks
October 11, 2018
Egypt central bank signs $3.8 bln finance accord with international banks
DUBAI, Oct 11 (Reuters) – The Central Bank of Egypt said on Thursday it agreed to enter into a…
Egypt’s annual inflation rate declined 15.4 percent in September: CAPMAS
October 10, 2018
Egypt’s annual inflation rate declined 15.4 percent in September: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Wednesday that the annual inflation rate declined to…
Leaders need to fix broken economic models: IMF chief
October 10, 2018
Leaders need to fix broken economic models: IMF chief
World leaders need to fix global trading systems instead of trying to tear them down, International Monetary Fund chief…
IMF expects Egyptian economy to grow 5.3% in 2018
October 9, 2018
IMF expects Egyptian economy to grow 5.3% in 2018
The International Monetary Fund (IMF) expects Egypt’s economy to grow by 5.3 percent in 2018 and 5.5 percent in…
Egypt’s Balance of Payment surplus records $12.8 billion
October 2, 2018
Egypt’s Balance of Payment surplus records $12.8 billion
Egypt’s Balance of Payment (BoP) ran an overall surplus of $12.8 billion during fiscal year (FY) 2017-2018, compared to an…
Egypt keeps customs exchange rate at LE16 per US dollar for October
September 29, 2018
Egypt keeps customs exchange rate at LE16 per US dollar for October
Egypt’s Finance Minister Mohamed Maeet announced on Saturday that the exchange rate of the customs dollar will continue to…
EU launches Asia strategy to rival China’s ‘new Silk Road’
September 26, 2018
EU launches Asia strategy to rival China’s ‘new Silk Road’
As doubts grow over China’s vast “Belt and Road” trade infrastructure project, the EU is launching an alternative plan…