Economy

Egypt’s inflation rate hits 2.7%: CAPMAS

Egypt’s inflation rate hits 2.7%: CAPMAS

Egypt’s annual inflation rate has hit 2.7 percent this month, up from 2.4 percent in October and compared to 15.6…
Saudi Aramco starts trading after record $25.6 billion IPO

Saudi Aramco starts trading after record $25.6 billion IPO

RIYADH, Saudi Arabia (AP) — Saudi Arabia’s oil company Aramco is listed and started trading on the Saudi Tadawul stock…
Head of Suez Canal Economic Zone, Chinese officials discuss TEDA projects

Head of Suez Canal Economic Zone, Chinese officials discuss TEDA projects

Head of the Suez Canal Economic Zone (SCZone) Yehia Zaki held a meeting on Monday with a Chinese delegation from…
Egypt’s fuel subsidy bill drops by 69% year on year July-Sept: Minister

Egypt’s fuel subsidy bill drops by 69% year on year July-Sept: Minister

CAIRO, Dec 8 (Reuters) – Egypt’s spending on fuel subsidies dropped by about 69 percent year on year to 7.25…
Mubarak-era minister makes first public appearance at Rome Med 2019

Mubarak-era minister makes first public appearance at Rome Med 2019

The Mubarak-era’s former Trade and Industry Minister Rachid Mohamed Rachid made his first public appearance on Friday at the Mediterranean…
CBE demands government to put tax incentives for the industrial sector

CBE demands government to put tax incentives for the industrial sector

The Central Bank of Egypt (CBE) on Sunday urged the government to grant tax incentives to the industrial sector within…
Egypt’s dues to foreign oil companies lowest level since 2010: Infograph

Egypt’s dues to foreign oil companies lowest level since 2010: Infograph

Dues to foreign oil companies in Egypt have decreased to their lowest level since 2010, thanks to the payment of…
Egypt to issue first corporate sukuk within weeks: official

Egypt to issue first corporate sukuk within weeks: official

CAIRO (Reuters) — Egypt will issue its first corporate sukuk, or Islamic bonds, within weeks, a Financial Regulatory Authority (FRA)…
Egypt’s non-oil private sector shrinks to slowest in over two years: PMI

Egypt’s non-oil private sector shrinks to slowest in over two years: PMI

CAIRO (Reuters) — Activity in Egypt’s non-oil private sector contracted in November for the fourth consecutive month, falling to its…
Egypt jumps 55 places in Open Budget Index: Finance Minister

Egypt jumps 55 places in Open Budget Index: Finance Minister

Egyptian Finance Minister Mohamed Maait announced Monday that Egypt has jumped 55 positions in its budget transparency index the “Open…
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