Economy

Egypt’s annual inflation rate declined 15.4 percent in September: CAPMAS

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

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

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

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

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

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

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

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

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

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…
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