economy
US dollar exchange rate continues decline in Egypt
Business
April 22, 2019
US dollar exchange rate continues decline in Egypt
US dollar prices have slightly declined against the Egyptian pound by an average of two piasters in several banks on…
PepsiCo Egypt to increase investments by US$500 mn
Business
April 21, 2019
PepsiCo Egypt to increase investments by US$500 mn
Chairman and CEO of PepsiCo Egypt Mohamed Shelbaya said that his company intends to pump US$500 million into increasing production…
EFSA to increase market capitalization to LE1.6 trillion: Chairman
Business
April 17, 2019
EFSA to increase market capitalization to LE1.6 trillion: Chairman
The Egyptian Financial Supervisory Authority (EFSA) strategy until 2022 aims to raise the number of listed companies to 275 and…
China growth beats forecasts as economy shows signs of stability
World
April 17, 2019
China growth beats forecasts as economy shows signs of stability
China’s economy expanded more than expected in the first three months of the year as government moves to kickstart growth…
Turkish unemployment jumps to highest rate in nearly a decade
Middle East
April 15, 2019
Turkish unemployment jumps to highest rate in nearly a decade
ANKARA (Reuters) – Turkey’s unemployment rate surged to 14.7 percent in the December-February period, its highest level in nearly a…
Australian election May 18 to be fought on refugees, economy
World
April 11, 2019
Australian election May 18 to be fought on refugees, economy
CANBERRA, Australia (AP) — Australia’s prime minister on Thursday called a May 18 election that will be fought on issues…
Egypt’s annual inflation rate reaches 13.8% in March: CAPMAS
Economy
April 10, 2019
Egypt’s annual inflation rate reaches 13.8% in March: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced an 0.9 percent increase in Egypt’s inflation rate in March…
Minister Sahar Nasr, EBRD president discuss increasing investment in Egypt
Economy
April 6, 2019
Minister Sahar Nasr, EBRD president discuss increasing investment in Egypt
Minister of Investment and International Cooperation Sahar Nasr held talks on Saturday with president of the European Bank for Reconstruction…
IFC, MEG sign landmark US$100 mn agreement to foster Egypt’s economy
Egypt
April 2, 2019
IFC, MEG sign landmark US$100 mn agreement to foster Egypt’s economy
The International Finance Coordination (IFC), a member of the World Bank, provided up to $100 million in financing to the…
Egyptian Stock market gains LE66.8 bn in first quarter of 2019
Business
April 1, 2019
Egyptian Stock market gains LE66.8 bn in first quarter of 2019
The Egyptian Stock Exchange gained LE66.8 billion in market capitalization during the first quarter of 2019. The total market value…