Economy

CBE to release plastic banknotes by 2020

CBE to release plastic banknotes by 2020

Central Bank of Egypt (CBE) Governor Tarek Amer said Wednesday that the new plastic banknotes the CBE intends to release…
Global economy in 2019: Growth beginning to fray

Global economy in 2019: Growth beginning to fray

American farmers have been forced to warehouse a bumper crop of soybeans, or sell at a loss, while a Midwest…
Tourism contributes $72.8bn to African economy: Mashat

Tourism contributes $72.8bn to African economy: Mashat

The tourism sector’s direct contribution to the African economy in 2017 reached $72.8 billion and is expected to reach $90.6…
Egypt’s economic performance improved in 2018: minister

Egypt’s economic performance improved in 2018: minister

  Minister of Finance Mohammed Maait announced on Sunday that Egypt’s economic performance improved in 2018, adding that the government…
Economists praise CBE’s decision to issue plastic notes by 2020

Economists praise CBE’s decision to issue plastic notes by 2020

  The Central Bank of Egypt (CBE) announced on Wednesday that the government would issue LE5 and LE10 plastic banknotes…
Egypt’s governmental reforms bring economic stability: IFC chief

Egypt’s governmental reforms bring economic stability: IFC chief

  The International Finance Corporation’s (IFC) Chief Executive Officer Philippe Le Houérou announced on Saturday that government reforms introduced by…
Saudi private sector growth hits 11-month high in November: PMI

Saudi private sector growth hits 11-month high in November: PMI

  DUBAI (Reuters) – Saudi Arabia’s non-oil private sector grew at its fastest rate for 11 months in November, in…
Egyptian market attractive to auto industry: Nassar

Egyptian market attractive to auto industry: Nassar

Minister of Trade and Industry Amr Nassar said on Tuesday that the Egyptian market has been attractive to investments in…
Egypt’s foreign currency reserves rose $12m in Nov: CBE

Egypt’s foreign currency reserves rose $12m in Nov: CBE

The Central Bank of Egypt (CBE) announced on Tuesday that Egypt’s foreign currency reserves rose by $12 million in November…
Increasing customs dollar price benefits citizens, industry: Maeit

Increasing customs dollar price benefits citizens, industry: Maeit

Egyptian Finance Minister Mohamed Maeit said on Sunday that raising the price of the customs dollar for non-basic and entertainment…
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