Business
Egypt’s growth rate expected at 4.5% in 2018: WB
January 10, 2018
Egypt’s growth rate expected at 4.5% in 2018: WB
The growth rate of Egypt’s economy is expected to reach 4.5 percent in FY 2018 as ongoing reforms and improved…
US dollar prices witness slight decline
January 9, 2018
US dollar prices witness slight decline
The exchange rate of the US dollar against the Egyptian pound witnessed a slight decline in Tuesday dealings. The most recent price…
Average yields on Egypt’s 3- and 7-year T-bonds rise at auction
January 9, 2018
Average yields on Egypt’s 3- and 7-year T-bonds rise at auction
Average yields on Egypt’s three-year and seven-year treasury bonds rose at an auction on Monday, central bank data showed. The…
Tourist arrivals up 55% y-o-y in first 11 months of 2017: Tourism Promotion Authority
January 8, 2018
Tourist arrivals up 55% y-o-y in first 11 months of 2017: Tourism Promotion Authority
Tourist arrivals increased 55 percent year-on-year in the first 11 months of 2017, head of Egypt’s Tourism Promotion Authority Hisham…
Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom
January 8, 2018
Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom
Encouraged by Egypt’s economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly optimistic…
Foreign currency reserves rose to record-high $37.19 bn in December 2017: CBE
January 3, 2018
Foreign currency reserves rose to record-high $37.19 bn in December 2017: CBE
Egypt’s net foreign currency reserves climbed to an all-time high of $37.19 billion in December 2017, the Central Bank of Egypt (CBE)…
Egypt paid $30bn in loans in 2017: CBE
January 3, 2018
Egypt paid $30bn in loans in 2017: CBE
Sources in the Central Bank of Egypt (CBE) announced on Wenesday that Egypt paid $US30 billion to foreign bodies in…
US dollar prices decline against Egyptian pound on Wednesday
January 3, 2018
US dollar prices decline against Egyptian pound on Wednesday
The US dollar’s exchange rate against the Egyptian pound declined in dealings on Wednesday. According to the most recent prices,…
Egypt’s central bank keeps interest rates unchanged
January 2, 2018
Egypt’s central bank keeps interest rates unchanged
Egypt’s central bank kept its key interest rates unchanged on Thursday as inflation remained in double digits a year after…
First Egypt-made smartphone open for pre-booking
January 1, 2018
First Egypt-made smartphone open for pre-booking
Egyptian Silicon Industries Company (SICO Egypt), manufacturer of the first Egypt-made smartphone, announced the opening of the pre-booking of its…