Economy

Egypt’s headline inflation decreased to 3.4% in August

Egypt’s headline inflation decreased to 3.4% in August

Egypt’s annual urban consumer price inflation decreased to 3.4 percent in August from 4.2 percent in July, the country’s statistics…
Egypt’s foreign reserves up to US$38.366 billion in August: CBE

Egypt’s foreign reserves up to US$38.366 billion in August: CBE

Egypt’s foreign reserves hit US$38.366 billion in August, an increase of $51 million from July, a Monday statement by the…
Zohr gas field capacity exceeds 3 billion cubic feet per day, says minister

Zohr gas field capacity exceeds 3 billion cubic feet per day, says minister

The production capacity of the Zohr gas field in the Mediterranean Sea currently exceeds three billion cubic feet per day,…
New Korean ambassador visits Beni Suef, says Korea supports Egypt’s development

New Korean ambassador visits Beni Suef, says Korea supports Egypt’s development

The newest Korean Ambassador has made his first visit to Beni Suef on Friday, a hotbed for Egypt-Korea educational and…
Egypt signs $2 bln loan with regional, international banks -statement

Egypt signs $2 bln loan with regional, international banks -statement

CAIRO (Reuters) – Egypt signed a two billion dollar conventional and Islamic loan with several international and regional banks in…
Egypt’s economic situation receives international praise: Report

Egypt’s economic situation receives international praise: Report

The Ministry of Planning and Economic Development issued a report discussing the opinions of several international institutions on Egypt’s economic…
Egypt seeking self-sufficiency in petroleum during 2022-2023: PM

Egypt seeking self-sufficiency in petroleum during 2022-2023: PM

Egyptian Prime Minister Mostafa Madbouly announced Saturday that Egypt is aiming to achieve self-sufficiency in petroleum during fiscal year 2022-2023.…
Coronavirus reduces Egypt’s exports of potatoes: UPEHC

Coronavirus reduces Egypt’s exports of potatoes: UPEHC

The head of the Union for Producers and Exporters of Horticultural Crops (UPEHC) Mohamed Heggi announced Saturday that Egypt’s exports…
Egypt among emerging markets most likely to maintain positive GDP outlook: Fitch

Egypt among emerging markets most likely to maintain positive GDP outlook: Fitch

Egypt is one of the few major emerging markets to maintain its positive Growth Domestic Product (GDP) outlook despite the…
Unemployment in Egypt up 1.9% in 2nd quarter of 2020 due to COVID-19: CAPMAS

Unemployment in Egypt up 1.9% in 2nd quarter of 2020 due to COVID-19: CAPMAS

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) announced that the nation’s unemployment rate has increased to a total…
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