Economy
Asian shares tumble after Dow has worst day since 2011
February 6, 2018
Asian shares tumble after Dow has worst day since 2011
Asian markets were rattled Tuesday by the miseries on Wall Street, with Japan’s Nikkei 225 index briefly dipping more than…
Egypt’s economic structure is at a turning point: IMF director
February 5, 2018
Egypt’s economic structure is at a turning point: IMF director
Managing Director of the International Monetary Fund (IMF) Christine Lagarde said on Sunday that Egypt is currently undergoing a turning…
Egypt to issue Eurobonds worth $4-5 billion within days – finance minister
February 5, 2018
Egypt to issue Eurobonds worth $4-5 billion within days – finance minister
Egypt is to issue dollar-denominated Eurobonds worth $4 billion to $5 billion within days, Finance Minister Amr El Garhy said…
Dubai’s Al Khaleej in $1 bln Egypt beet sugar mill deal
February 5, 2018
Dubai’s Al Khaleej in $1 bln Egypt beet sugar mill deal
* Investment valued at around $1 billion * To be largest beet sugar producer globally * To have 36,000 tonnes…
Egypt’s foreign reserves jump to $38.2 bln in January
February 4, 2018
Egypt’s foreign reserves jump to $38.2 bln in January
The Central Bank of Egypt (CBE) on Sunday said that foreign currency reserves rose by $1.2 billion to $38.209 billion…
BMI Research predicts Egypt to become an economic outperformer in 2018
February 4, 2018
BMI Research predicts Egypt to become an economic outperformer in 2018
A February BMI Research report predicted that Egypt will stand out as the economic outperformer of 2018 and applauded the…
Egypt to host first FinTech conference this week to revolutionize economy
February 3, 2018
Egypt to host first FinTech conference this week to revolutionize economy
Aiming to endorse the use of financial technology applications in Egypt for efficient and cheaper financial services, Egypt is hosting the…
US dollar maintains prices on Wednesday
January 31, 2018
US dollar maintains prices on Wednesday
The US dollar prices maintained prices against the Egyptian Pound in the bank dealings on Wednesday. According to the latest…
IMF official expects Egypt growth rate around 5% in 2018
January 30, 2018
IMF official expects Egypt growth rate around 5% in 2018
Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) Jihad Azour expects Egypt’s economic…
Egypt sees growth for FY 2018-19 at 5.8 percent -minister
January 30, 2018
Egypt sees growth for FY 2018-19 at 5.8 percent -minister
Egypt is targeting economic growth of 5.8 percent in the financial year that will begin in July, Planning Minister Hala…