Economy

No significant change in exchange rate in 2019: EFG Hermes

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.

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

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

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

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

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

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

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

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

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…
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