Business
Ministry of Business Sector, EBRD discuss plans for restructure and development
July 5, 2018
Ministry of Business Sector, EBRD discuss plans for restructure and development
Minister of the Public Business Sector Hesham Tawfiq held a meeting on Thursday with Vice President of the European…
Foreign reserves rise to $44.2 bn by end of June
July 5, 2018
Foreign reserves rise to $44.2 bn by end of June
The Central Bank of Egypt (CBE)’s foreign cash reserves rose by $119 million in June to reach a total…
Gas Market Regulatory Authority backs plan to transform Egypt into regional center for gas trading
July 5, 2018
Gas Market Regulatory Authority backs plan to transform Egypt into regional center for gas trading
Petroleum Minister and Chairman of the Gas Market Regulatory Authority Tareq al-Mulla, said that the gas market regulation law backs…
China presses Europe for anti-US alliance on trade
July 4, 2018
China presses Europe for anti-US alliance on trade
China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump’s trade…
IMF hails Egypt progress in its economic reform program
July 4, 2018
IMF hails Egypt progress in its economic reform program
In its third review, the International Monetary Fund (IMF) has praised the progress Egypt made in it’s economic reforms…
IMF urges Egypt to maintain tight monetary policy to ward off inflation
July 3, 2018
IMF urges Egypt to maintain tight monetary policy to ward off inflation
Egypt should maintain tight monetary policy to contain the risk of inflation as a result of fuel and electricity…
IMF approves 4th tranche of Egypt’s $12 billion loan
June 30, 2018
IMF approves 4th tranche of Egypt’s $12 billion loan
Egypt received the approval of the International Monetary Fund (IMF) on Friday for its fourth tranche of its $12 billion…
Minister of Finance asserts new exemptions will ease tax burdens
June 25, 2018
Minister of Finance asserts new exemptions will ease tax burdens
Minister of Finance Mohammed Moaet said on Monday that the amendments adopted by President Abdel Fattah al-Sisi would ease…
Egypt paid $30 billion in loans during 2017: Finance Ministry
June 25, 2018
Egypt paid $30 billion in loans during 2017: Finance Ministry
Egypt’s Finance Ministry said on Sunday that the country has paid $30 billion in 2017 in bonds and external…
Trump greets EU trade reprisals with threat of steep auto tariff
June 23, 2018
Trump greets EU trade reprisals with threat of steep auto tariff
President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on…