Economy
China presses Europe for anti-US alliance on trade
July 4, 2018
China presses Europe for anti-US alliance on trade
China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump’s trade…
IMF hails Egypt progress in its economic reform program
July 4, 2018
IMF hails Egypt progress in its economic reform program
In its third review, the International Monetary Fund (IMF) has praised the progress Egypt made in it’s economic reforms…
IMF urges Egypt to maintain tight monetary policy to ward off inflation
July 3, 2018
IMF urges Egypt to maintain tight monetary policy to ward off inflation
Egypt should maintain tight monetary policy to contain the risk of inflation as a result of fuel and electricity…
IMF approves 4th tranche of Egypt’s $12 billion loan
June 30, 2018
IMF approves 4th tranche of Egypt’s $12 billion loan
Egypt received the approval of the International Monetary Fund (IMF) on Friday for its fourth tranche of its $12 billion…
Egypt paid $30 billion in loans during 2017: Finance Ministry
June 25, 2018
Egypt paid $30 billion in loans during 2017: Finance Ministry
Egypt’s Finance Ministry said on Sunday that the country has paid $30 billion in 2017 in bonds and external…
Trump greets EU trade reprisals with threat of steep auto tariff
June 23, 2018
Trump greets EU trade reprisals with threat of steep auto tariff
President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on…
Government to receive $2 billion from IMF in July: Minister
June 19, 2018
Government to receive $2 billion from IMF in July: Minister
Minister of Finance Mohammed Maet announced on Monday that Egypt would receive the fourth tranche of the International Monetary…
After fuel prices increase, Prime Minister announces new transportation tariff
June 17, 2018
After fuel prices increase, Prime Minister announces new transportation tariff
Prime Minister Mostafa Madbouli held a lengthy meeting on Saturday via video conference with the governors from the Cabinet…
Ministry of Petroleum announces new price hikes
June 16, 2018
Ministry of Petroleum announces new price hikes
Minister of Petroleum Tarek Al-Mula announced new petroleum price hikes, adding that removing subsides on petroleum is an important procedure…
US dollar hits seven-month high
June 15, 2018
US dollar hits seven-month high
World shares fell and were set to end the week in the red on Friday while the dollar climbed to…