Business
IMF director: Fund to assess Egypt’s economy in November
October 13, 2014
IMF director: Fund to assess Egypt’s economy in November
Egypt's Article IV consultations with the International Monetary Fund (IMF) will take place in November, IMF Director for the Middle…
Egypt expects 2017/18 GDP growth at 6%
October 12, 2014
Egypt expects 2017/18 GDP growth at 6%
The Egyptian Finance Ministry expects growth of gross domestic product (GDP) to climb steadily and to reach 6 percent in…
EGX30 slips 4.06% following global markets slowdown
October 12, 2014
EGX30 slips 4.06% following global markets slowdown
The Egyptian stock exchange main index EGX30 plunged 4.06 percent recording 9,163.81 points on a total turnover of LE701 million…
World Bank: Politically-connected companies stifling job growth in Egypt
October 12, 2014
World Bank: Politically-connected companies stifling job growth in Egypt
Employment growth in Egypt declines by about 1.4 percent annually due to policies that protect politically-connected companies, which in turn…
Stock market loses LE4.4 bn
October 10, 2014
Stock market loses LE4.4 bn
The Egyptian Stock Exchange lost LE4.4 billion and the main EGX 30 index fell by 1.8 percent to 9,552 points…
Egypt’s urban inflation hits 11.1% in September
October 10, 2014
Egypt’s urban inflation hits 11.1% in September
Egypt's urban inflation registered annually increases 11.1 percent in September 2014, compared with September 2013, due to price hikes of…
Egypt discusses economic reform with IMF
October 10, 2014
Egypt discusses economic reform with IMF
Egypt is currently speaking with the International Monetary Fund (IMF) and World Bank Group (WBG) to discuss its reform program…
Egypt’s net foreign reserves up $36 m in September
October 9, 2014
Egypt’s net foreign reserves up $36 m in September
Egypt's net foreign reserves increased to US$16.872 billion at the end of September of 2014 from to $6.836 billion in…
CAPMAS: Egypt’s housing market slowing sharply in 2012/2013
October 9, 2014
CAPMAS: Egypt’s housing market slowing sharply in 2012/2013
Egypt's housing market slowed sharply in the 2012/2013 fiscal year, according to a statement by Central Agency for Public Mobilization…
Report: Egypt’s computer hardware sales increase 10.8% to LE7.5 bn in 2014
October 9, 2014
Report: Egypt’s computer hardware sales increase 10.8% to LE7.5 bn in 2014
Egypt's computer hardware sales increased by 10.8 percent to LE7.467 billion (US$1.04 billion) in 2014 from LE6.737 billion in 2013,…