economy

Egypt’s foreign currency reserve increased by $106 million in May
Economy

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

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

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…
Egypt to focus on tourism development projects along “untapped” coastlines: Minister
Life & Style

Egypt to focus on tourism development projects along “untapped” coastlines: Minister

Egypt will be offering international investors the opportunity to develop sustainable cities along the Red Sea and its Mediterranean coasts,…
Bitcoin frenzy settles down as big players muscle into market
Business

Bitcoin frenzy settles down as big players muscle into market

After bouncing up, falling down and keeping investors on the edges of their seats, bitcoin may be maturing into a…
Egypt’s foreign direct investment rises 15%: Nasr to Bloomberg
Egypt

Egypt’s foreign direct investment rises 15%: Nasr to Bloomberg

Egypt’s Investment Minister Sahar Nasr told Bloomberg in a video interview aired Wednesday that the focus of the investment side…
Egypt announces new strategy to double number of e-commerce businesses by 2020
Business

Egypt announces new strategy to double number of e-commerce businesses by 2020

In further aims to expand the country’s e-commerce sector, Egypt revealed a plan to double the number of businesses selling products…
$2.5 bn worth of trade between Egypt, France in 2016/17
Economy

$2.5 bn worth of trade between Egypt, France in 2016/17

  Trade between Egypt and France reached a value of $2.5 billion in the fiscal year 2016/17, announced the manager…
Egypt targets 5.9% growth rate for 2019, exceeding IMF, World Bank projections
Business

Egypt targets 5.9% growth rate for 2019, exceeding IMF, World Bank projections

Egypt’s Minister of Planning Hala al-Saeed said that the government aims to reach growth rate of 5.9% in 2019. Saeed…
Canada lifts ban on EgyptAir cargo after more than 2 year suspension
Egypt

Canada lifts ban on EgyptAir cargo after more than 2 year suspension

Canada has halted a ban on belly cargo on direct passenger flights from Egypt following a more than two-year suspension…
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