Egypt economy

Egypt receives largest UK trade delegation in two decades
Business

Egypt receives largest UK trade delegation in two decades

UK trade envoy to Egypt Jeffrey Donaldson arrived in Cairo on Saturday for a five-day visit, heading the largest British trade…
Egypt to issue Eurobonds worth $4-5 billion within days – finance minister
Economy

Egypt to issue Eurobonds worth $4-5 billion within days – finance minister

Egypt is to issue dollar-denominated Eurobonds worth $4 billion to $5 billion within days, Finance Minister Amr El Garhy said…
Dubai’s Al Khaleej in $1 bln Egypt beet sugar mill deal
Business

Dubai’s Al Khaleej in $1 bln Egypt beet sugar mill deal

* Investment valued at around $1 billion * To be largest beet sugar producer globally * To have 36,000 tonnes…
Egypt’s foreign reserves jump to $38.2 bln in January
Business

Egypt’s foreign reserves jump to $38.2 bln in January

The Central Bank of Egypt (CBE) on Sunday said that foreign currency reserves rose by $1.2 billion to $38.209 billion…
Bitcoin value continues to fall after several countries warn against it
Economy

Bitcoin value continues to fall after several countries warn against it

The electronic currency Bitcoin continued on Wednesday to fall, completing a 24-hour downward spiral, with about 7 percent of its…
US dollar maintains prices against Egyptian pound
Economy

US dollar maintains prices against Egyptian pound

The US Dollar exchange rate against the Egyptian pound maintained prices during Sunday’s dealings in the banking sector. According to…
Egypt hikes 2017-18 economic growth forecast to 5.3-5.5 percent
Economy

Egypt hikes 2017-18 economic growth forecast to 5.3-5.5 percent

Egypt has revised up its economic growth forecast for fiscal 2017-18 that began in July to 5.3 to 5.5 percent…
Average yields on Egypt’s 3- and 7-year T-bonds rise at auction
Economy

Average yields on Egypt’s 3- and 7-year T-bonds rise at auction

Average yields on Egypt’s three-year and seven-year treasury bonds rose at an auction on Monday, central bank data showed. The…
Egypt’s vegetable oil reserves at 3 months, sugar at 5: official
Economy

Egypt’s vegetable oil reserves at 3 months, sugar at 5: official

Egypt’s strategic vegetable oil reserves are enough to meet consumption needs for more than three months while sugar reserves are…
Egypt’s exchange remains top Arab performer in 2017
Economy

Egypt’s exchange remains top Arab performer in 2017

The head of the Egyptian Exchange says its benchmark index has made significant gains in 2017 thanks to economic reforms…
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