Economy
Egypt’s annual inflation rate declined 15.4 percent in September: CAPMAS
October 10, 2018
Egypt’s annual inflation rate declined 15.4 percent in September: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Wednesday that the annual inflation rate declined to…
IMF expects Egyptian economy to grow 5.3% in 2018
October 9, 2018
IMF expects Egyptian economy to grow 5.3% in 2018
The International Monetary Fund (IMF) expects Egypt’s economy to grow by 5.3 percent in 2018 and 5.5 percent in…
Egypt’s economy one of the strongest in the Middle East: IMF
September 24, 2018
Egypt’s economy one of the strongest in the Middle East: IMF
International Monetary Fund (IMF) Director Christine Lagarde announced that Egypt’s economy has become one of the highest growing economies…
Egypt has 2nd-highest total wealth in Africa: report
September 20, 2018
Egypt has 2nd-highest total wealth in Africa: report
In the Africa Wealth Report of 2018, Egypt is measured as having the second-highest gross wealth on the continent.…
Egypt to purchase 475,000 tons of Russian and Ukrainian wheat
September 19, 2018
Egypt to purchase 475,000 tons of Russian and Ukrainian wheat
Egypt’s General Authority for Supply Commodities (GASC) made contracts on behalf of the Supply Ministry to purchase 475,000 tons…
Egypt contracts PRL to purchase 50 new locomotives
September 17, 2018
Egypt contracts PRL to purchase 50 new locomotives
Egyptian Railways Authority signed a memorandum of understanding with Progress Rail Locomotives (PRL), for the maintenance and upgrading of…
Egypt to choose sovereign wealth fund manager in global competition: Planning Minister
September 9, 2018
Egypt to choose sovereign wealth fund manager in global competition: Planning Minister
Minister of Planning, Monitoring and Administrative Reformation Hala al-Said stated on Saturday that a ministerial committee would choose the…
Output for Egypt’s Zohr gas field increases to 2 billion cubic feet per day
September 8, 2018
Output for Egypt’s Zohr gas field increases to 2 billion cubic feet per day
Egypt’s Minister of Petroleum and Mineral Resources Tariq al-Mulla announced on Friday that production at the Zohr gas field…
Egypt to offer 4.5 pct stake in cigarette maker Eastern Company
September 6, 2018
Egypt to offer 4.5 pct stake in cigarette maker Eastern Company
Egypt will launch its programme for offering shares in state companies by offering a 4.5 percent stake in its top…
Egypt’s foreign currency reserve rose to US $44.41 billion in August: CBE
September 5, 2018
Egypt’s foreign currency reserve rose to US $44.41 billion in August: CBE
The Central Bank of Egypt (CBE) announced on Wednesday that Egypt’s foreign currency reserves rose to US $44.41 billion…