economy
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…
Hermes projects US dollar at LE15 by the end of 2017
Business
January 24, 2017
Hermes projects US dollar at LE15 by the end of 2017
EFG Hermes investment bank is expecting improvement in the Egyptian pound exchange rate by the end of the current year…
Egypt’s economy to grow 3.9 percent in 2016/17, missing government target: poll
Business
January 20, 2017
Egypt’s economy to grow 3.9 percent in 2016/17, missing government target: poll
Egypt's economy will expand by 3.9 percent in the fiscal year ending in June, missing the government's target of around…
Moody’s expects 4% economic growth for Egypt in 2017
Business
January 17, 2017
Moody’s expects 4% economic growth for Egypt in 2017
Moody's Investor Service expects that Egypt's economy will grow by 4% in 2017, and the growth rate will increase 4.5%…
Egyptian importers face bankruptcy after currency float
Egypt
January 6, 2017
Egyptian importers face bankruptcy after currency float
Mohsen al-Gedamy has run a successful business for the past seven years importing beans, a staple food for many Egyptians,…
Egyptian pound approaches 20 to US dollar in banks
Business
December 20, 2016
Egyptian pound approaches 20 to US dollar in banks
The Egyptian pound depreciated further against the dollar in some banks mid-Tuesday, reaching a selling price of 19.75 compared to…
Egypt’s non-oil business activity falls to 40-month low as costs rise: PMI
Business
December 5, 2016
Egypt’s non-oil business activity falls to 40-month low as costs rise: PMI
Business activity in Egypt shrank in November, with the deterioration picking up pace for the fourth consecutive month, as weakness…
Egypt’s CIB sells 72 pct of investment arm to local, Gulf investors
Business
December 3, 2016
Egypt’s CIB sells 72 pct of investment arm to local, Gulf investors
Egypt's largest listed lender CIB sold a near-72 percent stake in its investment banking arm CI Capital to Egyptian and…
Kuwait to supply Egypt with 2 million barrels of oil a month
Business
November 16, 2016
Kuwait to supply Egypt with 2 million barrels of oil a month
Egypt's state news agency says Kuwait has agreed to supply Egypt with 2 million barrels of crude per month, starting…