Economy
ERBD injects €4bn investments in Egypt since 2012: Director
October 21, 2018
ERBD injects €4bn investments in Egypt since 2012: Director
The European Bank for Reconstruction and Development’s (ERBD) Regional Director for the Southern and Eastern Mediterranean region, Gantt Hickman, said…
China not manipulating currency but lacks transparency, US says
October 18, 2018
China not manipulating currency but lacks transparency, US says
Washington on Wednesday again declined to call China a currency manipulator but said the yuan’s fall and Beijing’s exchange practices…
Standard Chartered expects 5.5% growth for Egypt in 2019
October 17, 2018
Standard Chartered expects 5.5% growth for Egypt in 2019
Standard Chartered projected on Tuesday that the gross domestic product (GDP) growth rate of Egypt will rise by 5.5 percent…
Egypt’s foreign reserves cover 9 months of imports: Minister
October 17, 2018
Egypt’s foreign reserves cover 9 months of imports: Minister
Egyptian Minister of Planning, Follow-up and Administrative Reform Hala al-Saeed announced on Wednesday that Egypt’s foreign currency reserves now…
Nearly half the world lives on less than $5.50 a day: World Bank
October 17, 2018
Nearly half the world lives on less than $5.50 a day: World Bank
Despite progress in reducing extreme poverty, nearly half the world’s population lives on less than $5.50 a day, with a…
Egypt’s government considers solutions, adopting with economic crises
October 14, 2018
Egypt’s government considers solutions, adopting with economic crises
Egypt’s Deputy Minister of Planning for Planning Affairs Ahmed Kamali said on Saturday that the government would form a committee…
World Bank praises Egypt’s economic reform at Bali meeting
October 12, 2018
World Bank praises Egypt’s economic reform at Bali meeting
President of the World Bank Jim Kim presented on Friday the success stories of economic reform in four countries,…
Finance minister denies Egypt requested additional IMF loan
October 12, 2018
Finance minister denies Egypt requested additional IMF loan
Egypt has not requested an additional loan from the International Monetary Fund (IMF) or an extension of the current…
Moody’s changes Egypt’s banking system outlook to positive
October 11, 2018
Moody’s changes Egypt’s banking system outlook to positive
Rating agency Moody’s announced Wednesday that it has upgraded its outlook for Egypt’s banking system to positive from stable.…
Egypt central bank signs $3.8 bln finance accord with international banks
October 11, 2018
Egypt central bank signs $3.8 bln finance accord with international banks
DUBAI, Oct 11 (Reuters) – The Central Bank of Egypt said on Thursday it agreed to enter into a…