Economy
AFDB approves third $500 mln tranche in support for Egypt’s reform program
January 18, 2018
AFDB approves third $500 mln tranche in support for Egypt’s reform program
In support of the country’s effort to improve Egyptians’ quality of life, the African Development Bank approved the disbursement of…
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
January 17, 2018
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
Fitch Ratings Inc., one of the three biggest credit rating agencies in the world, raised Egypt’s long-term Foreign-Currency Issuer Default…
External debt is $79 bn, says Finance Minister after financial outlook improves
January 17, 2018
External debt is $79 bn, says Finance Minister after financial outlook improves
Minister of Finance Amr al-Jarhi stated on Tuesday that Egypt’s external debt stood at $79 billion at the end of…
Bitcoin value continues to fall after several countries warn against it
January 17, 2018
Bitcoin value continues to fall after several countries warn against it
The electronic currency Bitcoin continued on Wednesday to fall, completing a 24-hour downward spiral, with about 7 percent of its…
Egypt to participate in Spain’s International Tourism Trade Fair this Wednesday
January 15, 2018
Egypt to participate in Spain’s International Tourism Trade Fair this Wednesday
Egypt will be participating in the International Tourism Trade Fair (FITUR) in Madrid from January 17 to January 21 to…
US dollar maintains stable rates against Egyptian Pound
January 15, 2018
US dollar maintains stable rates against Egyptian Pound
The US dollar maintained stable rates against the Egyptian pound on Monday. The dollar settled at LE 17.65 for purchase and LE…
US dollar maintains prices against Egyptian pound
January 14, 2018
US dollar maintains prices against Egyptian pound
The US Dollar exchange rate against the Egyptian pound maintained prices during Sunday’s dealings in the banking sector. According to…
Egypt hikes 2017-18 economic growth forecast to 5.3-5.5 percent
January 14, 2018
Egypt hikes 2017-18 economic growth forecast to 5.3-5.5 percent
Egypt has revised up its economic growth forecast for fiscal 2017-18 that began in July to 5.3 to 5.5 percent…
CBE warns against Bitcoin transactions
January 10, 2018
CBE warns against Bitcoin transactions
The Central Bank of Egypt (CBE) warned against using virtual currencies, namely Bitcoin, due to the high risks involved, describing…
Egypt’s growth rate expected at 4.5% in 2018: WB
January 10, 2018
Egypt’s growth rate expected at 4.5% in 2018: WB
The growth rate of Egypt’s economy is expected to reach 4.5 percent in FY 2018 as ongoing reforms and improved…