Economy
No significant change in exchange rate in 2019: EFG Hermes
January 1, 2019
No significant change in exchange rate in 2019: EFG Hermes
EFG Hermes, one of the largest investment banks in the Middle East and Africa, has ruled out any significant change…
Hurghada industrial city to be completed on time: Gov.
January 1, 2019
Hurghada industrial city to be completed on time: Gov.
Red Sea Governor Ahmed Abdullah confirmed the governorate’s commitment to construct the first industrial city in Hurghada by the previously…
Zero customs on European cars imported into Egypt, 2000 CC prices decrease
January 1, 2019
Zero customs on European cars imported into Egypt, 2000 CC prices decrease
Egypt’s customs authorities on Tuesday began applying the last tranche of tariff reductions on cars from the European…
Sisi discusses developments of Egypt’s monetary reform program
December 30, 2018
Sisi discusses developments of Egypt’s monetary reform program
Egyptian President Abdel Fattah al-Sisi on Sunday discussed the monetary reform program with Prime Minister Mostafa Madbouly and Governor…
Inflation rate anticipated to decline to 9% in 2018: CBE
December 30, 2018
Inflation rate anticipated to decline to 9% in 2018: CBE
The Central Bank of Egypt (CBE) announced in a Saturday statement that they anticipate the inflation rate would decline…
Citrus Egypt’s most exported produce in 2018: official
December 21, 2018
Citrus Egypt’s most exported produce in 2018: official
The head of the Central Department of Agricultural Quarantine at the Agriculture Ministry Ahmed al-Attar said on Thursday that citrus…
Egypt, World Bank sign $1 billion agreement to support private sector
December 19, 2018
Egypt, World Bank sign $1 billion agreement to support private sector
The Egyptian government and the World Bank signed a US $1 billion agreement to support the Egyptian private sector…
Central Bank of Egypt discusses opening country to international banks
December 18, 2018
Central Bank of Egypt discusses opening country to international banks
The Central Bank of Egypt (CBE) held a meeting on Tuesday, to discuss allowing international banks to open branches…
World feels sting of US Federal Reserve
December 18, 2018
World feels sting of US Federal Reserve
JAKARTA/BUENOS AIRES/WASHINGTON (Reuters) – When the US Federal Reserve kept lifting interest rates this year, a world away in Jakarta…
In 2019, Mideast economic troubles loom as wars wind down
December 18, 2018
In 2019, Mideast economic troubles loom as wars wind down
AMMAN, Jordan (AP) — As the Middle East ushers in 2019, the decade’s ruinous conflicts in Syria, Yemen, Libya…