Economy

Egypt inflation rate in May increased by 0.3 %

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

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

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

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

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

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

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

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

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

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…
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