economy
International Finance Corporation to fund Egypt’s private sector with $2 bn by 2019
Business
July 22, 2018
International Finance Corporation to fund Egypt’s private sector with $2 bn by 2019
The International Finance Corporation (IFC) is committed to financially support Egypt’s private sector with a $2 billion fund by…
Remittances from Egyptians abroad up by 41.2% in April 2018
Business
July 10, 2018
Remittances from Egyptians abroad up by 41.2% in April 2018
The Central Bank of Egypt (CBE) announced a rise in remittances from Egyptians working abroad by 41.2 percent in…
China pledges $20 billion in loans for Arab states
Business
July 10, 2018
China pledges $20 billion in loans for Arab states
China will provide Arab states with $20 billion in loans for economic development, President Xi Jinping told top Arab…
IMF hails Egypt progress in its economic reform program
Business
July 4, 2018
IMF hails Egypt progress in its economic reform program
In its third review, the International Monetary Fund (IMF) has praised the progress Egypt made in it’s economic reforms…
Iran’s leaders seek ways to defend economy from US sanctions
Middle East
July 1, 2018
Iran’s leaders seek ways to defend economy from US sanctions
Iran is studying ways to keep exporting oil and other measures to counter US economic sanctions, state news agency…
Egypt paid $30 billion in loans during 2017: Finance Ministry
Business
June 25, 2018
Egypt paid $30 billion in loans during 2017: Finance Ministry
Egypt’s Finance Ministry said on Sunday that the country has paid $30 billion in 2017 in bonds and external…
Egypt inflation rate in May increased by 0.3 %
Economy
June 10, 2018
Egypt inflation rate in May increased by 0.3 %
The inflation rate in May increased by 0.3% compared to the previous month, reaching 274.7 points from 273.9, according…
Egypt’s foreign currency reserve increased by $106 million in May
Economy
June 5, 2018
Egypt’s foreign currency reserve increased by $106 million in May
The Central Bank of Egypt (CBE) announced on Monday that the net foreign reserve increased to $44.139 billion at…
Egypt to have world’s third economic growth in 2026: Harvard report
Economy
May 8, 2018
Egypt to have world’s third economic growth in 2026: Harvard report
The Harvard Center for International Development forcasted that Egypt will be the third country that will achieve highest growth rates…
Egypt’s public debts rise fivefold over past five years
Economy
May 8, 2018
Egypt’s public debts rise fivefold over past five years
Minister of Finance Amr al-Garhi stated on Sunday that the Egyptian government is working on a medium-term plan to cut…