Economy
Egypt to ban exports of raw materials
July 24, 2018
Egypt to ban exports of raw materials
Egypt’s Ministry of Trade and Industry announced a plan to stop exporting Egypt’s natural materials raw, instead requiring the…
IDSC denies plans to increase electricity prices
July 21, 2018
IDSC denies plans to increase electricity prices
Egypt’s Cabinet Information and Decision Support Centre (IDSC) denied social media rumors that the Egyptian government will increase electricity prices. In…
Sisi, Bashir agree to maximize economic cooperation
July 20, 2018
Sisi, Bashir agree to maximize economic cooperation
President Abdel Fattah al-Sisi started a two-day visit to Sudan on Thursday, his first visit to Khartoum since his recent…
Sisi issues new law to develop Upper Egypt
July 18, 2018
Sisi issues new law to develop Upper Egypt
Egypt’s President Abdel Fattah al-Sisi issued Law No. 157 of 2018 which establishes the Upper Egypt Development Authority (UEDA),…
Egyptian minister calls on developed world to reduce debt burden on developing countries
July 17, 2018
Egyptian minister calls on developed world to reduce debt burden on developing countries
Minister of Investment and International Cooperation Sahar Nasr on Monday urged developed countries to help alleviate the debt burden…
IMF continues to praise Egypt’s economic reforms in its third review
July 13, 2018
IMF continues to praise Egypt’s economic reforms in its third review
The International Monetary Fund (IMF) praised Egypt’s economic reforms during its third review of the country’s loan program on Thursday,…
Remittances from Egyptians abroad up by 41.2% in April 2018
July 10, 2018
Remittances from Egyptians abroad up by 41.2% in April 2018
The Central Bank of Egypt (CBE) announced a rise in remittances from Egyptians working abroad by 41.2 percent in…
Carmaker Jaguar says ‘bad Brexit’ would mean it could not stay in UK
July 5, 2018
Carmaker Jaguar says ‘bad Brexit’ would mean it could not stay in UK
Britain’s biggest carmaker Jaguar Land Rover has joined dissenters to a “hard Brexit”, saying that Britain leaving the EU without…
China warns U.S. is ‘opening fire’ on the world with tariff threats
July 5, 2018
China warns U.S. is ‘opening fire’ on the world with tariff threats
The United States is “opening fire” on the world with its threatened tariffs, China warned on Thursday, saying no one…
Foreign reserves rise to $44.2 bn by end of June
July 5, 2018
Foreign reserves rise to $44.2 bn by end of June
The Central Bank of Egypt (CBE)’s foreign cash reserves rose by $119 million in June to reach a total…