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External debt is $79 bn, says Finance Minister after financial outlook improves

External debt is $79 bn, says Finance Minister after financial outlook improves

Minister of Finance Amr al-Jarhi stated on Tuesday that Egypt’s external debt stood at $79 billion at the end of…
Bitcoin value continues to fall after several countries warn against it

Bitcoin value continues to fall after several countries warn against it

The electronic currency Bitcoin continued on Wednesday to fall, completing a 24-hour downward spiral, with about 7 percent of its…
French business creation surges as Macron promises ‘start-up nation’

French business creation surges as Macron promises ‘start-up nation’

French entrepreneurs set up new companies in the fourth quarter at the fastest pace since 2010, as new business creations…
Egypt to participate in Spain’s International Tourism Trade Fair this Wednesday

Egypt to participate in Spain’s International Tourism Trade Fair this Wednesday

Egypt will be participating in the International Tourism Trade Fair (FITUR) in Madrid from January 17 to January 21 to…
US dollar maintains stable rates against Egyptian Pound

US dollar maintains stable rates against Egyptian Pound

The US dollar maintained stable rates against the Egyptian pound on Monday. The dollar settled at LE 17.65 for purchase and LE…
Euro holds three-year highs as dollar weakens further

Euro holds three-year highs as dollar weakens further

The euro held at three-year highs against the dollar on Monday after last week’s surge, its rise fueled by growing…
US dollar maintains prices against Egyptian pound

US dollar maintains prices against Egyptian pound

The US Dollar exchange rate against the Egyptian pound maintained prices during Sunday’s dealings in the banking sector. According to…
Egypt hikes 2017-18 economic growth forecast to 5.3-5.5 percent

Egypt hikes 2017-18 economic growth forecast to 5.3-5.5 percent

Egypt has revised up its economic growth forecast for fiscal 2017-18 that began in July to 5.3 to 5.5 percent…
US dollar continues to decline against euro

US dollar continues to decline against euro

Gold prices rose on Thursday, nearing the highest level in four months, after a stronger tone from the European Central Bank (ECB) in…
CBE warns against Bitcoin transactions

CBE warns against Bitcoin transactions

The Central Bank of Egypt (CBE) warned against using virtual currencies, namely Bitcoin, due to the high risks involved, describing…
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