Economy
Egypt inflation rate in May increased by 0.3 %
June 10, 2018
Egypt inflation rate in May increased by 0.3 %
The inflation rate in May increased by 0.3% compared to the previous month, reaching 274.7 points from 273.9, according…
G7 divides to G6 plus Trump over trade war threat
June 9, 2018
G7 divides to G6 plus Trump over trade war threat
Leaders of the G7 nations spent Friday hunting for a face saving formula to mask the deep rift inflicted on…
Egypt to begin importing rice after slashing its own cultivation
June 6, 2018
Egypt to begin importing rice after slashing its own cultivation
Egypt will begin importing rice, a crop it has typically had in surplus, to increase stocks and “control the market,”…
Egypt’s foreign currency reserve increased by $106 million in May
June 5, 2018
Egypt’s foreign currency reserve increased by $106 million in May
The Central Bank of Egypt (CBE) announced on Monday that the net foreign reserve increased to $44.139 billion at…
Russia lifts ban on Egyptian potato exports from 8 regions
June 2, 2018
Russia lifts ban on Egyptian potato exports from 8 regions
Minister of Trade and Industry Tariq Qabeel said that the Russian authorities have agreed to lift the ban on Egypt…
Another billion cubic feet of gas from Zohr field by the end of 2018: minister
May 30, 2018
Another billion cubic feet of gas from Zohr field by the end of 2018: minister
The Egyptian Petroleum Ministry is currently accelerating development for the Zohr natural gas field’s production in order to reach…
Egypt tourism revenues surged 83.3 % in Q1
May 27, 2018
Egypt tourism revenues surged 83.3 % in Q1
Egypt’s revenues in the tourism sector jumped 83.3% in the first quarter (Q1) of the 2018 fiscal year, reaching $2.2…
World Bank expresses content with “Takafol w Karama” accomplishments: Social Solidarity Minister
May 26, 2018
World Bank expresses content with “Takafol w Karama” accomplishments: Social Solidarity Minister
A delegation from the World Bank met with Minister of Social Solidarity Ghada Wali on Friday to review the accomplishments…
Egypt-Saudi electricity power link project to start in 2021
May 23, 2018
Egypt-Saudi electricity power link project to start in 2021
Egypt’s Ministry of Electricity announced that it will sign contracts for the electricity interconnection network with Saudi Arabia by…
US dollar price increases significantly Wednesday
May 16, 2018
US dollar price increases significantly Wednesday
The US dollar exchange rate witnessed a notable increase against the Egyptian pound on Wednesday reaching an average of…