Economy

Egypt aims at 5.8% GDP growth in 2018/19 budget

Egypt aims at 5.8% GDP growth in 2018/19 budget

Egypt’s cabinet approved this week the state’s budget for the 2018/2019 fiscal year, which aims to reach a GDP growth target…
US dollar maintains price on Thursday

US dollar maintains price on Thursday

The US dollar maintained its price against the Egyptian pound at an average of LE 17.56 during banking dealings on…
US dollar prices for Thursday

US dollar prices for Thursday

US dollar maintained stability against the Egyptian pound with average of LE17.56 during trading on Thursday. According to the latest…
Consumer Protection Agency accuses iron and steel factories of violating market competition laws

Consumer Protection Agency accuses iron and steel factories of violating market competition laws

Egypt’s Consumer Protection Agency (CPA) referred all iron and steel factories operating in the local market to the Egyptian Competition…
Egypt investments in UAE jump to $826m: official

Egypt investments in UAE jump to $826m: official

Ahmed Al Wakil, Chairman of the Federation of the Egyptian Chambers of Commerce, said that Egyptian investments have grown in…
Cairo International Commodities Fair to kick off Wednesday

Cairo International Commodities Fair to kick off Wednesday

Cairo International Commodities Fair Director Ibrahim al-Garhy announced on Monday that Cameroon will be the guest of honor for this…
Egypt govt seeks to reduce budget deficit to 9.5%

Egypt govt seeks to reduce budget deficit to 9.5%

Egyptian presidential spokesperson Bassam Rady said on Saturday that the government aims to reduce the total budget deficit to about…
Oil ministry offers international bid for new explorations in Red Sea: minister

Oil ministry offers international bid for new explorations in Red Sea: minister

During an inspection of the Geophysics Data Collection Project on Saturday, Minister of Oil Tarek El Mulla stressed the importance…
Egypt govt to raise dollar price in new budget: Reuters

Egypt govt to raise dollar price in new budget: Reuters

Three government sources anonymously told Reuters on Tuesday that the Egyptian government will increase the US dollar exchange rate in…
PM, Finance Ministry officials meet to discuss new budget

PM, Finance Ministry officials meet to discuss new budget

Prime Minister Sherif Ismail discussed economic indicators for the current fiscal year and the new budget for the 2018/2019 fiscal…
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