Economy

Taxes on cars below 1600 ccs will be reduced to LE65,000 in January: Official

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

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

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

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

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

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

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

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

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

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…
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