Business
Egypt’s annual core inflation down to 8.5%: CBE
August 10, 2018
Egypt’s annual core inflation down to 8.5%: CBE
Egypt’s annual core inflation rate witnessed a decrease from 10.9 percent in June to 8.45 percent in July, according to…
Parliament approves Egypt’s first sovereign wealth fund
August 10, 2018
Parliament approves Egypt’s first sovereign wealth fund
Egypt’s parliament has agreed to establish a government-operated sovereign wealth fund to help boost the economy, in a move deemed…
Suez zone claims LE2.13 billion profit in 2017/2018
August 9, 2018
Suez zone claims LE2.13 billion profit in 2017/2018
The Suez Canal Economic Zone (SCZone) made a net profit of LE2.13 billion in the fiscal year 2017/2018, with an…
UNIDO to establish entrepreneurship centers in Arab countries
August 8, 2018
UNIDO to establish entrepreneurship centers in Arab countries
The United Nations Industrial Development Organization (UNIDO) and the Union of Arab Chambers (UAC) have agreed to establish centers for…
Egypt rated ‘B’ by global credit agency, with ‘positive outlook’
August 7, 2018
Egypt rated ‘B’ by global credit agency, with ‘positive outlook’
Fitch Ratings, a globally-recognized credit rating agency, has reaffirmed Egypt’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at “B”, while maintaining…
Annual meetings of WB, IMF African caucuses at Sharm el-Sheikh conclude
August 7, 2018
Annual meetings of WB, IMF African caucuses at Sharm el-Sheikh conclude
The annual meetings of the African caucuses for the World Bank (WB) and the International Monetary Fund (IMF) concluded on…
Suez Canal revenues hit $15.8 billion in past 3 years: Mamesh
August 6, 2018
Suez Canal revenues hit $15.8 billion in past 3 years: Mamesh
The Suez Canal has made revenues of US$15.8 billion – equivalent to LE219 billion – in the past three years,…
Egypt to conclude economic reform program by 2019: IMF official
August 5, 2018
Egypt to conclude economic reform program by 2019: IMF official
The Executive Director of the International Monetary Fund (IMF) Hazim al-Beblawi announced on Saturday that the current fiscal year…
New ‘Investment Fund’ to manage Egypt’s endowment money: Endowments Minister
August 4, 2018
New ‘Investment Fund’ to manage Egypt’s endowment money: Endowments Minister
Egypt’s Religious Endowments Minister Mohamad Mokhtar Gomaa held a meeting with President Abdel Fattah al-Sisi, where he discussed ways…
Egypt exports increase by 14% in the first half of 2018
August 4, 2018
Egypt exports increase by 14% in the first half of 2018
Egypt’s trade exchange rate increased by 15.5 percent in the first half of 2018 compared to the same period…