Economy
Egypt, Germany sign second tranche agreement to support reform program
February 13, 2019
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
February 11, 2019
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
February 11, 2019
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
February 10, 2019
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
February 8, 2019
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
February 6, 2019
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
February 6, 2019
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
February 4, 2019
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
February 4, 2019
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
February 4, 2019
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…