Economy

Egypt’s foreign reserves hit a new record amid rigorous economic reforms

Egypt’s foreign reserves hit a new record amid rigorous economic reforms

Egypt’s net foreign reserves jumped from $42.611 billion in the end of March to $44.030 billion at the end of…
Key sticking points in the US-China trade dispute

Key sticking points in the US-China trade dispute

US Treasury Secretary Steven Mnuchin will lead a delegation to Beijing this week to meet with Chinese officials and try…
Electricity ministry to impose renewable energy quota on factories

Electricity ministry to impose renewable energy quota on factories

Egypt’s Ministry of Electricity is planning to impose a minimum quota of renewable energy consumption on factories operating in the…
Egyptian exports have increased 81.5% to Cyprus, 22.7% to Greece

Egyptian exports have increased 81.5% to Cyprus, 22.7% to Greece

Minister of Trade Tarek Kabil announced that the Egyptian-Cypriot-Greek relations represent a successful model for cooperation, adding that the the…
Game-changing insights into the real estate market NDS

Game-changing insights into the real estate market NDS

As the real estate market continues to improve in Egypt, new trends are shaping the market in 2018. The report…
Egypt to focus on tourism development projects along “untapped” coastlines: Minister

Egypt to focus on tourism development projects along “untapped” coastlines: Minister

Egypt will be offering international investors the opportunity to develop sustainable cities along the Red Sea and its Mediterranean coasts,…
China eases restrictions on foreign ownership of securities ventures

China eases restrictions on foreign ownership of securities ventures

China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some…
Egypt signs agreement with Arab Fund to develop electricity grid

Egypt signs agreement with Arab Fund to develop electricity grid

Egypt signed an agreement with the Arab Fund for Economic and Social Development on Tuesday to develop the electricity transmission…
World Bank applauds Sisi’s efforts to tackle Egypt’s economic woes

World Bank applauds Sisi’s efforts to tackle Egypt’s economic woes

President of the World Bank group Jim Yong Kim praised the “economic success” that he said Egypt has achieved and applauded…
US dollar maintains exchange rates on Monday

US dollar maintains exchange rates on Monday

The US dollar maintained stable exchange rates in all banks on Monday, with an average price of LE17.58 in the…
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