Economy

Egypt launches new program to stimulate exports: Prime Minister

Egypt launches new program to stimulate exports: Prime Minister

Egyptian Prime Minister Mostafa Madbouly on Monday announced the launching of a new program to stimulate exports, alongside the commencement…
Egypt’s inflation rate records 11.5 percent in January-August: CAPMAS

Egypt’s inflation rate records 11.5 percent in January-August: CAPMAS

Egypt’s inflation rate recorded 11.5 percent in January-August 2019, compared to the same period in 2018,  while prices of food…
Egypt to issue international bonds and diversify currency to hedge against risks

Egypt to issue international bonds and diversify currency to hedge against risks

Egyptian Finance Minister Mohamed Maait announced on Monday that his country intends to issue international bonds worth between US$3-7 billion…
General Federation of Poultry suspends poultry imports

General Federation of Poultry suspends poultry imports

The General Federation of Poultry (GFP) producers announced on Friday morning a decision to suspend the import of poultry and…
Turkey’s Erdogan says plans 5% growth rate in 2020

Turkey’s Erdogan says plans 5% growth rate in 2020

ISTANBUL (Reuters) – President Tayyip Erdogan said Turkey would plan for economic growth of 5% in 2020 and expected interest…
Syrian pound falls to record low as economy hit by sanctions: dealers

Syrian pound falls to record low as economy hit by sanctions: dealers

BEIRUT (Reuters) – The Syrian pound fell to a record low on the black market, driven down by lack of…
Egypt’s foreign reserves increase to $44.969 bn: CBE

Egypt’s foreign reserves increase to $44.969 bn: CBE

Egypt’s foreign reserves have increased by US$53 million to $44.969 billion in August, compared to $44.916 billion in July, the…
Lebanon PM says accelerating reforms to rein in public debt: CNBC

Lebanon PM says accelerating reforms to rein in public debt: CNBC

BEIRUT (Reuters) – Lebanese Prime Minister Saad al-Hariri said his government would aim to cut the budget deficit to 7%…
Lebanese officials declare state of economic emergency

Lebanese officials declare state of economic emergency

BEIRUT (AP) — Lebanon’s political leaders declared what they called an economic state of emergency Monday following a meeting aimed…
Egypt’s Ministry of Finance frees customs dollar exchange rate

Egypt’s Ministry of Finance frees customs dollar exchange rate

Egypt’s Ministry of Finance has freed the customs exchange price of the dollar on all kinds of imports subject to…
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