Economy
World Bank sees Egypt economy growing 5.8% in 2019/20
October 11, 2019
World Bank sees Egypt economy growing 5.8% in 2019/20
The World Bank forecast on Thursday that Egypt’s economy would grow by 5.8 percent this fiscal year, marginally lower than…
Egypt’s FECC calls on member companies to reduce consumer prices
October 6, 2019
Egypt’s FECC calls on member companies to reduce consumer prices
The President of the Federation of Egyptian Chambers of Commerce (FECC), Ibrahim al-Araby on Saturday urged all of the federation’s…
Egyptian Tourism Ministry releases report showing off tourism sector’s revival
October 4, 2019
Egyptian Tourism Ministry releases report showing off tourism sector’s revival
After ensuring transparent monitoring, the Egyptian Tourism Ministry released a report displaying innovations launched in the sector by the Tourism…
Govt committee reduces fuel prices
October 4, 2019
Govt committee reduces fuel prices
The Committee on Automatic Pricing of Petroleum Products, which reviews and determines the prices of some petroleum products on a…
Net foreign reserves record US$45.118 bn in September
October 3, 2019
Net foreign reserves record US$45.118 bn in September
The net foreign reserves in the Central Bank of Egypt at the end of September recorded about US$45.118 billion, up…
Egypt’s tourism revenues reach US$12.6 bn during 2018-2019 fiscal year
October 2, 2019
Egypt’s tourism revenues reach US$12.6 bn during 2018-2019 fiscal year
Egyptian tourism revenues reached US$12.57 billion, compared to $9.80 billion during the 2017-2018 fiscal year, the privately-owned al-Mal newspaper reported…
US dollar maintains stable rates against Egyptian pound
September 28, 2019
US dollar maintains stable rates against Egyptian pound
The US dollar maintained stable rates against the Egyptian pound on Saturday morning, with an average exchange rate of LE16.30.…
Egypt dollar bonds extend losses after weekend protests
September 25, 2019
Egypt dollar bonds extend losses after weekend protests
Egyptian dollar bonds issued by the government extended losses for a second day on Tuesday in the wake of protests…
Egyptian economist says dollar to stand at LE16
September 19, 2019
Egyptian economist says dollar to stand at LE16
Egyptian economist Walid Gaballah predicted that the Egyptian pound-dollar exchange rate will decline to LE16 per dollar. The economist stated this…
US dollar prices decline in Egyptian banks
September 19, 2019
US dollar prices decline in Egyptian banks
US dollar exchange rates declined against the Egyptian Pound on Thursday in bank dealings following decreases in the dollar’s value…