Economy

US dollar exchange rate continues decline in Egypt

US dollar exchange rate continues decline in Egypt

US dollar prices declined against the Egyptian pound by an average of four piasters in several banks on Monday. The…
Moody’s expects Egypt’s GDP to increase by 6 percent by 2021

Moody’s expects Egypt’s GDP to increase by 6 percent by 2021

Moody’s investors service said that Egypt’s commitment to economic reforms in cooperation with the World Bank and improvements in the…
Egypt headline inflation drops to 13.0 pct in April: CAPMAS

Egypt headline inflation drops to 13.0 pct in April: CAPMAS

Egypt’s annual urban consumer price inflation eased to 13.0 percent in April from 14.2 percent in March, official statistics agency…
China to provide 4.6 bn yuan soft loan to Egypt for electric train project

China to provide 4.6 bn yuan soft loan to Egypt for electric train project

The Official Gazette published on Thursday morning the decision of President Abdel Fattah al-Sisi, No. 496 of 2018, to approve…
Egypt expects IMF loan final tranche in July – deputy finance minister

Egypt expects IMF loan final tranche in July – deputy finance minister

CAIRO, May 7 (Reuters) – Egypt expects, in principle, to receive the final tranche of about $2 billion of its…
US dollar rate in Egypt declines

US dollar rate in Egypt declines

On Monday, the US dollar saw a two-piaster decline in Egypt’s banks. In Banque Misr and the National Bank of…
Egypt’s foreign currency reserves increase to US$44.218 bn: CBE

Egypt’s foreign currency reserves increase to US$44.218 bn: CBE

The Central Bank of Egypt (CBE) announced that the country’s foreign currency reserves increased to US$44.218 billion at the end…
Sisi brings economic change for the better: World Bank President

Sisi brings economic change for the better: World Bank President

President of the World Bank Group, David Malpass, said on Sunday that President Abdel Fattah al-Sisi has achieved economic and…
Egypt improves wages to reduce impact of economic reforms

Egypt improves wages to reduce impact of economic reforms

Egypt’s Finance Ministry announced that the government plans to reduce the impact of  financial and economic reforms on citizens in…
Egypt’s economy seen growing 5.5 pct in year to end of June

Egypt’s economy seen growing 5.5 pct in year to end of June

CAIRO (Reuters) – Egypt’s economy is expected to grow 5.5 percent in the fiscal year that ends in June, according…
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