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Authorities looking for revenue boost, says planning minister

Authorities looking for revenue boost, says planning minister

Minister of Planning and International Cooperation Ashraf al-Araby confirmed Tuesday that Egypt’s foreign cash reserves are enough to cover three…
Foreigners behind stock market bump

Foreigners behind stock market bump

Stock indexes climbed slightly on Tuesday thanks to foreign investors, who lead purchasing for a third consecutive session. Foreigners were…
Central Bank: Foreign reserves at 16-year low

Central Bank: Foreign reserves at 16-year low

The Central Bank announced on its website Tuesday that foreign reserves had fallen to US$13.613 billion in January, compared to…
Mobinil CEO says industry to face price hikes

Mobinil CEO says industry to face price hikes

Mobile phone services are going to get more expensive, and soon, Mobinil's Chief Operating Officer told a group of reporters…
Egypt says to finish revised economy plan

Egypt says to finish revised economy plan

Egypt's finance minister has said the government will complete the revision of its economic reform plan this week and invite…
Central Bank takes new measures to prevent pound slide

Central Bank takes new measures to prevent pound slide

  The dollar dropped against the pound by about eight piasters on Monday after the Central Bank of Egypt (CBE) adopted a…
Central Bank cancels currency auction, to announce new mechanism Monday

Central Bank cancels currency auction, to announce new mechanism Monday

Egypt's central bank cancelled an auction of foreign currency on Sunday and said it would announce details of upcoming auctions…
Finance Ministry: State revenues up, but so is inflation

Finance Ministry: State revenues up, but so is inflation

State revenues jumped by 31 percent during the first half of the fiscal year 2012/2013, reaching LE153 billion as compared…
As remittances grow, government clambers for more

As remittances grow, government clambers for more

As money sent home from Egyptians abroad reaches a record level, President Mohamed Morsy and his government have pinpointed this…
Petroleum Ministry denies rumors of fuel shortage

Petroleum Ministry denies rumors of fuel shortage

The country is not experiencing a shortage of gasoline or diesel fuel, the Petroleum Ministry announced on Thursay. In a…
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