Business
Egypt’s foreign debt up 42 pct to $79 bln in 2016-17 -central bank
September 30, 2017
Egypt’s foreign debt up 42 pct to $79 bln in 2016-17 -central bank
Egypt’s foreign debt rose to $79 billion in the 2016-17 fiscal year which ended in June, up 42 percent from…
Egyptians consider boycotting mobile phone companies following hikes in recharge cards
September 29, 2017
Egyptians consider boycotting mobile phone companies following hikes in recharge cards
Outrage dominated Egypt’s social media outlets on Thursday in the wake of hikes in prices of Mobile phones’ recharging cards…
No increase in fuel prices in current fiscal year: Finance minister
September 28, 2017
No increase in fuel prices in current fiscal year: Finance minister
Finance Minister Amr al-Garhy denied that the government plans an increase in fuel prices during the current fiscal year, adding…
Egypt on track for year-end IMF payment, but 32 percent inflation a worry
September 27, 2017
Egypt on track for year-end IMF payment, but 32 percent inflation a worry
Egypt has made a “good start” to its reform programme despite seeking waivers for missing targets in June and a…
US to grant $100 million military aids to Egypt
September 27, 2017
US to grant $100 million military aids to Egypt
Egypt and the United States have signed new bilateral assistance agreements and amendments worth over US$100 million that support the…
Suez Canal chief says Mercedes-Benz to establish new facility in economic zone
September 27, 2017
Suez Canal chief says Mercedes-Benz to establish new facility in economic zone
Mercedes-Benz is set to return to Egypt with a 50,000 square meter distribution facility in the new economic zone near…
US dollar records stable prices in Monday dealings
September 25, 2017
US dollar records stable prices in Monday dealings
The US dollar exchange rate to Egyptian pounds almost leveled off at LE 17.61 for purchase and LE 17.71 for…
Saudi Arabia creating $2.7B entertainment investment company
September 20, 2017
Saudi Arabia creating $2.7B entertainment investment company
Saudi Arabia’s sovereign wealth fund is creating an entertainment investment company as the deeply conservative kingdom loosens the reins on…
GDP likely to hit 5.25 percent in fiscal year 2017/18: Finance Minister
September 19, 2017
GDP likely to hit 5.25 percent in fiscal year 2017/18: Finance Minister
Egypt aims to accomplish sustainable economic development with an expectation that it will increase its gross domestic product (GDP) up…
Egypt’s trade deficit drops by 50.4% in June
September 18, 2017
Egypt’s trade deficit drops by 50.4% in June
Egypt’s trade deficit dropped to $1.82 billion during June, compared to $3.66 billion during the same month of last year,…