economy

Egypt’s energy bill, already a whopping $17 billion, is probably much higher than official figures suggest. The country is losing…

Egypt's Minister of Local Development Adel Labib said on Wednesday that the ministry will continue to hand out short-term loans…

The Central Bank of Egypt will receive a deposit worth US$2 billion from Saudi Arabia this week, according to Planning Minister…

Central Bank of Egypt (CBE) Governor Hesham Ramez said the United Arab Emirates on Thursday transferred US$3 billion to the…

Stock indexes recorded a collective increase of 0.95 percent at Thursday’s close, amid optimism among investors after President Mohamed Morsy’s…

Mohamed Morsy, Egypt's first elected president since the 25 January 2011 uprising, has been in power for 12 months. His…

Egypt said its economy would grow by 3.8 percent in the fiscal year starting in July as ministers outlined the…

The country may struggle on for the rest of the year without an IMF loan, enduring a summer of fuel…

Officials are in negotiations for a US$465 million from the Arab Monetary Fund, said Finance Minister Morsy Hegaz in an…

Since February 2011, Egyptian authorities have designed their fiscal, monetary and exchange rate policies for the sole purpose of preventing…