Economy

Egypt the biggest hotspot for billionaires in 2019: Business Insider

Egypt the biggest hotspot for billionaires in 2019: Business Insider

Egypt topped the list made by Original Travel agency of the hottest 15 destinations for billionaires in 2019, according to…
US dollar exchange rate continues decline in Egypt

US dollar exchange rate continues decline in Egypt

US dollar prices have slightly declined against the Egyptian pound by an average of two piasters in several banks on…
PepsiCo Egypt to increase investments by US$500 mn

PepsiCo Egypt to increase investments by US$500 mn

Chairman and CEO of PepsiCo Egypt Mohamed Shelbaya said that his company intends to pump US$500 million into increasing production…
Egypt seeks 6% growth rate during upcoming fiscal year, Minister

Egypt seeks 6% growth rate during upcoming fiscal year, Minister

Finance Minister Mohamed Maait said on Saturday that Egypt’s fiscal policy aims to raise economic growth rates to 6 percent…
Egypt receives second shipment of Iraqi crude oil

Egypt receives second shipment of Iraqi crude oil

Egypt has received the second shipment of crude oil from Iraq after renewing the supply contract with Iraqi national company…
Egypt’s Cabinet denies economic crisis caused by IMF conditions

Egypt’s Cabinet denies economic crisis caused by IMF conditions

The Egyptian Cabinet’s media center denied rumors on social media that Egypt is undergoing a severe economic crisis thanks to…
Egypt imposes temporary protection fees on iron imports

Egypt imposes temporary protection fees on iron imports

The Egyptian Finance Ministry said on Monday that it has begun collecting temporary protection fees on Egypt’s steel imports in…
Egypt sets plan set to reduce public debt-to-GDP: Minister

Egypt sets plan set to reduce public debt-to-GDP: Minister

Egypt’s Minister of Finance Mohammed Maait said that the government has been working on reducing the public debt-to-Growth Domestic Product…
World Bank’s newest President looks forward to working with Sisi

World Bank’s newest President looks forward to working with Sisi

The newest President of the World Bank Group, David Malpass, announced that he is looking forward to working with President…
The world’s middle class is shrinking

The world’s middle class is shrinking

New York (CNN Business)–America’s middle class families aren’t the only ones having a tough time these days. Middle-income households are…
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