Economy

Egypt, Germany sign second tranche agreement to support reform program

Egypt, Germany sign second tranche agreement to support reform program

Egypt and Germany signed the second tranche agreement of $250 million to support Egypt’s economic and social reform program, as…
Egypt looks forward to more BP investments: PM

Egypt looks forward to more BP investments: PM

Egyptian Prime Minister Mostafa Madbouly on Monday stressed his government’s support for British Petroleum’s (BP) investments in Egypt and expressed…
IMF’s Lagarde praises Egypt’s reforms against administrative corruption

IMF’s Lagarde praises Egypt’s reforms against administrative corruption

Christine Lagarde, managing director of the International Monetary Fund (IMF) praised Egypt’s intense efforts in fighting administrative corruption, during a…
Egypt inflation rate in January saw increase by 0.8%: CAPMAS

Egypt inflation rate in January saw increase by 0.8%: CAPMAS

The Central Agency for Public Mobilization and Statistics (CAPMAS) in Egypt announced Sunday that the inflation rate in January increased…
CBE denies ‘Let it Rust’ saved $12bn to state treasury

CBE denies ‘Let it Rust’ saved $12bn to state treasury

The Central Bank of Egypt (CBE) denied that the “Let it Rust” social media campaign, which called for boycotting buying…
Egypt receives $2bn tranche of IMF loan

Egypt receives $2bn tranche of IMF loan

Egypt has received the fifth installment of the International Monetary Fund (IMF) loan, worth $2 billion, an official source at…
Zohr production to reach 3bn cubic meters in 2019: Minister

Zohr production to reach 3bn cubic meters in 2019: Minister

Egypt’s Minister of Oil and Mineral Wealth Tarek El Molla said that the ministry plans to increase production of the…
OECD drops Egypt’s economic risk classification ranking

OECD drops Egypt’s economic risk classification ranking

  The Organization for Economic Co-operation and Development (OECD) officially announced that Egypt’s risk classification has dropped from six to…
Egyptian Investment Group aims to end car trade monopoly

Egyptian Investment Group aims to end car trade monopoly

The Egyptian Investment Group announced it would establish a company for car trading in order to counter the monopoly and…
Egypt’s govt plans to reduce indebtedness on medium term: Finance Minister

Egypt’s govt plans to reduce indebtedness on medium term: Finance Minister

  Egypt’s Finance Ministry, participating with the economic ministerial group and the Central Bank of Egypt, has prepared an integrated…
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