Business
Egypt govt prepares for second phase of reform program to boost ailing economy
February 6, 2018
Egypt govt prepares for second phase of reform program to boost ailing economy
Egypt Prime Minister Sherif Ismail said on Monday that he met the Governor of the Central Bank of Egypt Tariq…
Asian shares tumble after Dow has worst day since 2011
February 6, 2018
Asian shares tumble after Dow has worst day since 2011
Asian markets were rattled Tuesday by the miseries on Wall Street, with Japan’s Nikkei 225 index briefly dipping more than…
Egypt’s economic structure is at a turning point: IMF director
February 5, 2018
Egypt’s economic structure is at a turning point: IMF director
Managing Director of the International Monetary Fund (IMF) Christine Lagarde said on Sunday that Egypt is currently undergoing a turning…
IMF expects no additional taxes in Egypt in 2018
February 5, 2018
IMF expects no additional taxes in Egypt in 2018
IMF Director for the Middle East and Central Asia Department Jihad Azour predicts that no additional taxes will be implemented…
Egypt to achieve gas self-sufficiency with production of 6bn cubic feet by end of 2018: Oil Minister
February 5, 2018
Egypt to achieve gas self-sufficiency with production of 6bn cubic feet by end of 2018: Oil Minister
Minister of Oil Tarek al-Mula stated on Sunday that Egypt’s natural gas production had reached 5.5 billion cubic feet, and is…
Egypt to issue Eurobonds worth $4-5 billion within days – finance minister
February 5, 2018
Egypt to issue Eurobonds worth $4-5 billion within days – finance minister
Egypt is to issue dollar-denominated Eurobonds worth $4 billion to $5 billion within days, Finance Minister Amr El Garhy said…
Dubai’s Al Khaleej in $1 bln Egypt beet sugar mill deal
February 5, 2018
Dubai’s Al Khaleej in $1 bln Egypt beet sugar mill deal
* Investment valued at around $1 billion * To be largest beet sugar producer globally * To have 36,000 tonnes…
Egypt’s foreign reserves jump to $38.2 bln in January
February 4, 2018
Egypt’s foreign reserves jump to $38.2 bln in January
The Central Bank of Egypt (CBE) on Sunday said that foreign currency reserves rose by $1.2 billion to $38.209 billion…
US dollar maintains prices on Sunday
February 4, 2018
US dollar maintains prices on Sunday
The US dollar exchange rate maintained its prices against the Egyptian pound during the bank dealings on Sunday. According to…
BMI Research predicts Egypt to become an economic outperformer in 2018
February 4, 2018
BMI Research predicts Egypt to become an economic outperformer in 2018
A February BMI Research report predicted that Egypt will stand out as the economic outperformer of 2018 and applauded the…