Egypt economy

Egypt tops most important Middle East economy growth rates in 2018-2019: Cabinet
Business

Egypt tops most important Middle East economy growth rates in 2018-2019: Cabinet

Egypt has topped the list of economic growth rates for the most important economies of the Middle East region in…
Egypt’s Sisi opens new factories under Ministry of Military Production
Egypt

Egypt’s Sisi opens new factories under Ministry of Military Production

Egyptian President Abdel Fattah al-Sisi opened on Monday “military factory 300,” which is affiliated with the Ministry of Military Production’s…
Egypt’s Ministry of Finance says will launch ‘social dialogue’ on Draft State General Budget
Business

Egypt’s Ministry of Finance says will launch ‘social dialogue’ on Draft State General Budget

Egypt’s Finance Ministry said on Sunday that it would open up the new draft of the government’s  2020/2021 budget to…
Egyptians spent over $US 12 million on Valentine’s Day in last three years: study
Egypt

Egyptians spent over $US 12 million on Valentine’s Day in last three years: study

Spending on Valentine’s Day in Egypt has increased by 37 percent since 2017, with spending on gifts and related expenses…
Egypt fifth country globally in terms of economic growth: Finance Ministry
Business

Egypt fifth country globally in terms of economic growth: Finance Ministry

Egypt was ranked fifth globally in terms of economic growth, with the country recording an economic growth rate of 5.6…
Egyptian pound strengthens to three-year high
Business

Egyptian pound strengthens to three-year high

CAIRO, Feb 10 (Reuters) – The Egyptian pound gained on Monday to its strongest against the dollar since the week…
Egypt’s net foreign reserves rise to US$45.457 bn in January
Business

Egypt’s net foreign reserves rise to US$45.457 bn in January

Egypt’s net foreign reserves rose to US$45.457 billion in January 2020 from $45.420 billion in December 2019, an increase of…
Egypt non-oil private sector shrinks faster in January: PMI
Business

Egypt non-oil private sector shrinks faster in January: PMI

CAIRO (Reuters) – Non-oil private economic activity in Egypt contracted at the quickest rate in almost three years in January…
US dollar exchange rate down by 2 piasters against Egyptian pound
Business

US dollar exchange rate down by 2 piasters against Egyptian pound

The US dollar exchange rate made a new decline against the Egyptian pound on Monday, falling 2 piasters at Banque…
Egypt’s markets, industrial sectors to witness recovery in June: expert
Business

Egypt’s markets, industrial sectors to witness recovery in June: expert

Matti Beshay, an expert with the General Division of Importers, said on Wednesday that the market is suffering stagnation despite…
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