Economy
Taxes on cars below 1600 ccs will be reduced to LE65,000 in January: Official
December 1, 2018
Taxes on cars below 1600 ccs will be reduced to LE65,000 in January: Official
Adviser to the Finance Minister for customs Magdy Abdul Aziz said on Tuesday that in the event of the…
Egypt increases price of the customs dollar for non-essential goods
December 1, 2018
Egypt increases price of the customs dollar for non-essential goods
The Egyptian Finance Ministry announced on Friday that it would raise the customs dollar price for non-essential and entertainment…
IMF to discuss 5th installment of Egypt’s loan in December
November 28, 2018
IMF to discuss 5th installment of Egypt’s loan in December
The Executive Board of the International Monetary Fund (IMF) will meet in late December, to discuss disbursing the fifth…
Total deposits with banking system reach LE3.6 trillion in September: CBE
November 27, 2018
Total deposits with banking system reach LE3.6 trillion in September: CBE
The Central Bank of Egypt (CBE) announced that the total deposits with the banking system, other than the CBE,…
Egypt new budget aims for 6.5% growth, 10.9% inflation: Finance Minister
November 23, 2018
Egypt new budget aims for 6.5% growth, 10.9% inflation: Finance Minister
Egyptian Minister of Finance Mohamed Maait announced the country’s new 2019/2020 budget, in a statement sent to all governmental…
Remittances from Egyptians abroad up by 20.4% in September 2018
November 18, 2018
Remittances from Egyptians abroad up by 20.4% in September 2018
The Central Bank of Egypt (CBE) announced a rise in remittances from Egyptians working abroad by 20.4 percent ($298 million)…
Egypt’s growth rate rises to 5.3% during first quarter of fiscal year
November 17, 2018
Egypt’s growth rate rises to 5.3% during first quarter of fiscal year
Egypt’s Minister of Planning, Monitoring and Administrative Reformation Hala al-Saed announced Friday that the economic growth rate increased to…
Egypt’s Sisi discusses economic reform with Central Bank governor
November 15, 2018
Egypt’s Sisi discusses economic reform with Central Bank governor
Egyptian President Abdel Fattah al-Sisi held a meeting with Governor of the Central Bank of Egypt (CBE) Tarek Amer…
Egypt’s headline inflation surges to 17.7% in October
November 11, 2018
Egypt’s headline inflation surges to 17.7% in October
Egypt’s headline inflation continued to climb year-on-year in October, rising to 17.7 percent from 16 percent in September, official…
China’s annual shopping frenzy shatters another record
November 11, 2018
China’s annual shopping frenzy shatters another record
SHANGHAI (AP) — Online shoppers spent more than $14 billion within the first two hours of China’s annual buying frenzy…