Business
Egyptian exports climb to $5.8 billion from January-March 2017: CBE
December 11, 2017
Egyptian exports climb to $5.8 billion from January-March 2017: CBE
Egyptian exports saw a significant increase during the months of January-March 2017, reaching a value of $5.8 billion over the…
Egypt’s finance minister says expects Jan inflation at 20 pct
December 11, 2017
Egypt’s finance minister says expects Jan inflation at 20 pct
Egypt’s inflation rate is expected to drop to 20 percent in January and to 13-14 percent by August, Finance Minister…
Foreign investment in Egyptian securities rises to $19 bln
December 11, 2017
Foreign investment in Egyptian securities rises to $19 bln
Foreign investment in Egyptian securities hit $19 billion as of December 6 since the flotation of the pound currency in…
Egypt’s s balance of payments rise to $5.1 billion: CBE
December 10, 2017
Egypt’s s balance of payments rise to $5.1 billion: CBE
The Central Bank of Egypt (CBE) stated that the total surplus of Egypt’s balance of payments rose to USD 5.1…
EgyptAir to receive 45 new aircrafts in biggest deal in its history
December 8, 2017
EgyptAir to receive 45 new aircrafts in biggest deal in its history
The EgyptAir Holding Company has began proceedings for securing the largest deal in its history, which will see it receive…
Egypt to sell $1 bln in dollar-denominated one-year treasury bills – Cbank
December 7, 2017
Egypt to sell $1 bln in dollar-denominated one-year treasury bills – Cbank
Egypt will sell $1 billion in dollar-denominated, one-year treasury bills on December 11, the central bank said on Thursday. Appetite…
Sweeping increase in US dollar value against Egyptian pound on Wednesday
December 6, 2017
Sweeping increase in US dollar value against Egyptian pound on Wednesday
The US dollar saw a sweeping increase in its exchange rate against the Egyptian pound – as well as various…
Egypt’s Atoll gas field begins test production: minister
December 5, 2017
Egypt’s Atoll gas field begins test production: minister
Test production at Egypt’s Atoll offshore gas field began on Tuesday with a production capacity of 300 million cubic feet…
Egypt says 4 bln dollars of debt paid to African Export-Import Bank
December 5, 2017
Egypt says 4 bln dollars of debt paid to African Export-Import Bank
Egypt has paid back a total $4 billion to the African Export-Import Bank, the central bank said on Tuesday. The…
CBE: foreign reserves rise by $20 million in November
December 4, 2017
CBE: foreign reserves rise by $20 million in November
The Central Bank of Egypt (CBE) said that the country’s net foreign currency reserves rose by $20 million at the…