Economy
US dollar exchange rates on Wednesday
April 11, 2018
US dollar exchange rates on Wednesday
The US dollar maintained different exchange rates in all banks on Wednesday, but remained above LE17.60 in dealings. The lowest…
Egypt’s annual urban inflation falls to 13.3% in March
April 10, 2018
Egypt’s annual urban inflation falls to 13.3% in March
The Central Agency for Public Mobilization and Statistics (CAPMAS) reported a decrease in the annual urban consumer price inflation by…
Egypt to be self-sufficient with natural gas by end of 2018: Minister
April 7, 2018
Egypt to be self-sufficient with natural gas by end of 2018: Minister
Petroleum Minister Tariq al-Mulla said Friday that Egypt is exerting efforts to achieve self-sufficiency with natural gas by the end…
Egypt’s economic reforms begin to bear fruit: Bloomberg
April 6, 2018
Egypt’s economic reforms begin to bear fruit: Bloomberg
The economic reforms in Egypt are starting to bear fruit, with the domestic deficit shrinking by 67 percent in the…
Egyptian exports to Spain increased by 52% in 2017: minister
April 4, 2018
Egyptian exports to Spain increased by 52% in 2017: minister
Egypt’s Trade and Industry Minister Tareq Qabil said on Tuesday that Egyptian commodity exports to the Spanish market made big…
Egypt plans to increase cotton production to meet high export orders
April 3, 2018
Egypt plans to increase cotton production to meet high export orders
After a catastrophic year for Egypt’s cotton industry in 2016, a demand for the Egyptian white gold has emerged in…
Egypt’s net foreign reserves rise to $42.611 bn in March
April 2, 2018
Egypt’s net foreign reserves rise to $42.611 bn in March
Egypt’s net foreign reserves rose slightly to US$42.611 billion at the end of March, from $42.524 billion at the end…
Egyptian pound remains stable against US dollar Sunday
April 1, 2018
Egyptian pound remains stable against US dollar Sunday
The US dollar maintained its price against the Egyptian pound at an average of LE 17.56 during bank dealings on…
Draft budget expects 5.8% growth rate, decreased budget deficit
March 29, 2018
Draft budget expects 5.8% growth rate, decreased budget deficit
Prime Minister Sherif Ismail received on Wednesday the draft budget for the 2018/19 fiscal year, and said in a Cabinet…
Egypt govt to review new ‘social protection’ package
March 25, 2018
Egypt govt to review new ‘social protection’ package
Minister of Finance Amr al-Garhy stated on Sunday that the government will send the state budget to President Abdel Fattah…