economy
US dollar maintains stable rates against Egyptian pound
Business
September 28, 2019
US dollar maintains stable rates against Egyptian pound
The US dollar maintained stable rates against the Egyptian pound on Saturday morning, with an average exchange rate of LE16.30.…
China FM tells UN protectionism risks causing global recession
World
September 28, 2019
China FM tells UN protectionism risks causing global recession
China’s foreign minister warned Friday that protectionism could trigger a world recession as he vowed to stand firm in a…
Hong Kong’s summer of protests leaves economy bruised and battered
World
September 18, 2019
Hong Kong’s summer of protests leaves economy bruised and battered
As pro-democracy protests grind on for a fourth month, Hong Kong has been left counting the cost, with the city’s…
Egypt launches new program to stimulate exports: Prime Minister
Economy
September 17, 2019
Egypt launches new program to stimulate exports: Prime Minister
Egyptian Prime Minister Mostafa Madbouly on Monday announced the launching of a new program to stimulate exports, alongside the commencement…
US dollar price in Egypt falls 145 piasters since 2019 start
Business
September 16, 2019
US dollar price in Egypt falls 145 piasters since 2019 start
US dollar prices continued its decrease in Egyptian banks on Monday, amid expectations of continued decline due to the increasing…
Egypt’s inflation rate records 11.5 percent in January-August: CAPMAS
Economy
September 11, 2019
Egypt’s inflation rate records 11.5 percent in January-August: CAPMAS
Egypt’s inflation rate recorded 11.5 percent in January-August 2019, compared to the same period in 2018, while prices of food…
Egypt to issue international bonds and diversify currency to hedge against risks
Business
September 9, 2019
Egypt to issue international bonds and diversify currency to hedge against risks
Egyptian Finance Minister Mohamed Maait announced on Monday that his country intends to issue international bonds worth between US$3-7 billion…
Egypt sees lower budget deficit, higher primary surplus in FY 2019/20
Business
September 4, 2019
Egypt sees lower budget deficit, higher primary surplus in FY 2019/20
CAIRO, Sept 3 (Reuters) – Egypt is targeting a budget deficit of 7.2 percent this fiscal year, the finance minister…
Equities, yuan plunge as Trump escalates trade war with China
World
August 26, 2019
Equities, yuan plunge as Trump escalates trade war with China
Asian equity markets tanked and the yuan hit an 11-year low Monday after US President Donald Trump ramped up his…
Egypt’s Gold prices up by LE13 per gram, 21 carats at LE705
Business
August 24, 2019
Egypt’s Gold prices up by LE13 per gram, 21 carats at LE705
Gold prices have risen in the local market on Saturday by about LE13, boosted by rising global markets. The price…