Economy
Egypt’s deposit and lending interest rates declines by 1.5 percent: Report
September 1, 2019
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
August 28, 2019
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
August 26, 2019
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’
August 26, 2019
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
August 24, 2019
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
August 24, 2019
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
August 22, 2019
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
August 19, 2019
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
August 18, 2019
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
August 17, 2019
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…