economy
23% increase in remittances from Egyptians expats in January: CBE
Business
March 6, 2017
23% increase in remittances from Egyptians expats in January: CBE
Remittances from Egyptian citizens working abroad rose by 23% in January to US$1.6 billion, compared to US$1.3 billion in January 2016,…
Bloomberg: Egypt’s economy is recovering, EGP climbs faster than expected
Egypt
March 6, 2017
Bloomberg: Egypt’s economy is recovering, EGP climbs faster than expected
The value of the Egyptian pound rose faster than expected, though optimism prevails among Egyptian businessmen societies recently, thanks to…
Recyclobekia, first Egyptian e-waste recycler sells $2.4m worth of trash a year
Egypt
February 26, 2017
Recyclobekia, first Egyptian e-waste recycler sells $2.4m worth of trash a year
Becoming an entrepreneur does not always mean starting a multi-million peso company; sometimes it could be as simple as starting…
Germany spends on migrants, boosting growth as budget surplus soars
Business
February 23, 2017
Germany spends on migrants, boosting growth as budget surplus soars
Germany posted a record budget surplus last year helped by rising tax revenues and employment and low debt costs, creating conditions for…
Egyptian contractors to build ministerial district in new capital after aborted Chinese deal
Egypt
February 8, 2017
Egyptian contractors to build ministerial district in new capital after aborted Chinese deal
Egypt's New Administrative Capital annulled its agreement with the China State Construction Engineering Cooperation (CSCEC) to build and finance the…
Egypt ranks 108 out of 176 on Transparency International’s Corruption Perceptions Index for 2016
Egypt
February 7, 2017
Egypt ranks 108 out of 176 on Transparency International’s Corruption Perceptions Index for 2016
Egypt ranked 108 on Transparency International’s Corruption Perceptions Index for 2016, according to a recently published report.“More countries declined than improved in…
Egypt is the cheapest place to get your Big Mac
Business
February 6, 2017
Egypt is the cheapest place to get your Big Mac
If you are a big fan of the ubiquitous double-decker burger, you should probably roll up your sleeves and give it a…
Egypt to consider yen, yuan bonds after dollar sale last week
Business
January 31, 2017
Egypt to consider yen, yuan bonds after dollar sale last week
Egypt may issue bonds in other international currencies, after successfully selling $4 billion of Eurobonds last week, Finance Minister Amr…
Egypt plans currency swap with Russia
Business
January 24, 2017
Egypt plans currency swap with Russia
The Egyptian government is considering signing a currency swap agreement with Russia, following in the footsteps of its agreement with…