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World Bank transfers $125 mn to CBE for Upper Egypt development

World Bank transfers $125 mn to CBE for Upper Egypt development

The Ministry of Planning, Follow-up and Administrative Reform said that the World Bank (WB) transferred $125 million to Central Bank…
13 Egyptian startups make it onto Forbes’ top 100 in the Arab World

13 Egyptian startups make it onto Forbes’ top 100 in the Arab World

The startup scene in the Arab world continues to boom, with high value deals being culminated, new venture capitalists growing…
Nasr discusses education, transportation and sanitation support with WB officials

Nasr discusses education, transportation and sanitation support with WB officials

On Saturday Minister of Investment and International Cooperation, Sahar Nasr, met with the World Bank Vice-President for the Middle East, Hafez…
Finance Minister: Egypt more stable, foreign currency crisis over

Finance Minister: Egypt more stable, foreign currency crisis over

Finance Minister Amr al-Garhy said that the preliminary results of the economic reform program implementation in Egypt are very promising,…
Improving world economy still needs help from low rates

Improving world economy still needs help from low rates

The world economy is the healthiest it’s been in years but could still use a little help from low-interest rates…
Egypt expects $2 bn IMF loan installment by next month

Egypt expects $2 bn IMF loan installment by next month

Egypt’s Finance Minister, Amr al-Garhy, anticipates the country will receive another installment of the International Monetary Fund (IMF) loan worth $2 billion,…
Tesla fired hundreds of employees in past week

Tesla fired hundreds of employees in past week

 Luxury electric vehicle maker Tesla Inc (TSLA.O) fired about 400 employees this week, including associates, team leaders and supervisors, a…
Food producers can face jail for violating decree to print clear price tags

Food producers can face jail for violating decree to print clear price tags

Egypt’s Minister of Supply and Internal Trade Ali Moselhi issued a decree this week obliging all food producers to print…
IMF expects Egypt’s growth to reach 5.3% in 2019

IMF expects Egypt’s growth to reach 5.3% in 2019

The International Monetary Fund (IMF) expects Egypt’s growth rate to reach 5.3 percent with inflation falling to 13.5 percent by…
Bitcoin trades above $5,000 for first time ever

Bitcoin trades above $5,000 for first time ever

Bitcoin smashed through the $5,000 barrier for the first time ever on Thursday, jumping as much as 7 percent to…
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