Egyptian economy

Inflows into Egypt banks register $9 bn since pound flotation: Central Bank official
Business

Inflows into Egypt banks register $9 bn since pound flotation: Central Bank official

Total inflows into the Egyptian banking system have reached $9 billion since the Egyptian pound was floated in November, assistant…
Egypt court imprisons 19 for protesting without sanction
Egypt

Egypt court imprisons 19 for protesting without sanction

Qasr al-Nil misdemeanor court on Saturday imprisoned 19 defendants for two years each on charges of protesting without a permit…
Egypt says foreigners will be able to repatriate profits soon -MENA
Business

Egypt says foreigners will be able to repatriate profits soon -MENA

Egypt's Central Bank Governor Tarek Amer said on Friday that foreign investors would be able to repatriate profits and capital…
Egypt’s long-awaited investment law to go before cabinet shortly
Business

Egypt’s long-awaited investment law to go before cabinet shortly

A draft of a long-awaited Egyptian investment law aimed at reviving the country's economy and attracting foreign investors will be…
Why is US dollar rising again?
Business

Why is US dollar rising again?

Optimism waves receded among economists on Monday, after the US dollar exchange rates rose against the Egyptian pound in banks,…
Egyptian central bank floats pound, devaluing to LE13 per dollar
Business

Egyptian central bank floats pound, devaluing to LE13 per dollar

Egypt's central bank floated the pound on Thursday, devaluing by 47.7 percent to an initial guidance level of 13 pounds…
Egypt to send new investment law to cabinet next month
Egypt

Egypt to send new investment law to cabinet next month

A draft of a new investment law will be sent to the Egyptian cabinet next month, Investment Minister Dalia Khorshid…
Egypt’s stock market gains on $2 bln Saudi deposit
Business

Egypt’s stock market gains on $2 bln Saudi deposit

Egypt's stock market jumped in early trade on Thursday after news that the central bank had last month received a…
Sugar shortage continues as prices reach LE10 per kilo
Business

Sugar shortage continues as prices reach LE10 per kilo

The sugar shortage crisis continues to mount in many governorates, with the price per kilo reaching LE10.The armed forces has…
Egypt surges on hope of good news on IMF loan
Business

Egypt surges on hope of good news on IMF loan

Egypt's stock market rose sharply in early trade on Monday on hopes that an international financing package for the country…
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