Economy
Egypt’s headline inflation decreased to 3.4% in August
September 11, 2020
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
September 8, 2020
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
September 8, 2020
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
September 4, 2020
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
September 3, 2020
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
August 30, 2020
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
August 29, 2020
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
August 23, 2020
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
August 23, 2020
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
August 18, 2020
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…