Economy

Egypt’s deposit and lending interest rates declines by 1.5 percent: Report

Egypt’s deposit and lending interest rates declines by 1.5 percent: Report

The Cabinet’s Media Center highlighted an infographic report on Sunday showing that the Central Bank of Egypt (CBE) has reduced…
Algerian economy creaks at the seams after six months of turmoil

Algerian economy creaks at the seams after six months of turmoil

ALGIERS (Reuters) – On the face of it, Algeria’s state-dominated economy has weathered six months of turmoil well, with flightloads…
Egypt considers first electric car factory in partnership with China

Egypt considers first electric car factory in partnership with China

Egyptian Minister of the Public Business Sector Hisham Tawfik on Monday discussed with a Chinese delegation entrance into a partnership…
Turkish lira slides on trade war unease, hit by ‘flash crash’

Turkish lira slides on trade war unease, hit by ‘flash crash’

ISTANBUL/ANKARA (Reuters) – The Turkish lira weakened more than 1% against the dollar on Monday, after briefly tumbling to 6.47…
Egypt’s Gold prices up by LE13 per gram, 21 carats at LE705

Egypt’s Gold prices up by LE13 per gram, 21 carats at LE705

Gold prices have risen in the local market on Saturday by about LE13, boosted by rising global markets. The price…
Egypt’s New Administrative Capital to host ‘Invest in Africa 2019’ conference

Egypt’s New Administrative Capital to host ‘Invest in Africa 2019’ conference

Egypt’s Minister of Investment and International Cooperation Sahar Nasr discussed preparations for organizing the “Invest in Africa 2019” conference set…
Iran moves to strike 4 zeroes from its battered currency

Iran moves to strike 4 zeroes from its battered currency

TEHRAN, Iran (AP) — Iran’s president sent a bill to parliament Wednesday that would cut four zeroes from the value…
Harvard: Egypt’s economy to grow by 6.8 percent until 2027

Harvard: Egypt’s economy to grow by 6.8 percent until 2027

Egypt’s Prime Minister Mostafa Madbouly examined a report from the Harvard Institute for International Development which anticipates that the Egyptian…
Egypt’s Finance Ministry allocates LE5 bn to build 13 industrial parks

Egypt’s Finance Ministry allocates LE5 bn to build 13 industrial parks

Egyptian Finance Minister Mohamed Maait announced on Saturday that LE5 billion from the state’s budget has been allocated towards the…
Egypt aims to reduce government debt to 77.5% by June 2022

Egypt aims to reduce government debt to 77.5% by June 2022

The Egyptian Finance Ministry announced on Friday that the government is targeting the budget for the fiscal year 2019/2020 with…
Back to top button