Economy

US dollar prices witness slight decline

US dollar prices witness slight decline

The exchange rate of the US dollar against the Egyptian pound witnessed a slight decline in Tuesday dealings. The most recent price…
Average yields on Egypt’s 3- and 7-year T-bonds rise at auction

Average yields on Egypt’s 3- and 7-year T-bonds rise at auction

Average yields on Egypt’s three-year and seven-year treasury bonds rose at an auction on Monday, central bank data showed. The…
Tourist arrivals up 55% y-o-y in first 11 months of 2017: Tourism Promotion Authority

Tourist arrivals up 55% y-o-y in first 11 months of 2017: Tourism Promotion Authority

Tourist arrivals increased 55 percent year-on-year in the first 11 months of 2017, head of Egypt’s Tourism Promotion Authority Hisham…
Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom

Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom

Encouraged by Egypt’s economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly optimistic…
Foreign currency reserves rose to record-high $37.19 bn in December 2017: CBE

Foreign currency reserves rose to record-high $37.19 bn in December 2017: CBE

Egypt’s net foreign currency reserves climbed to an all-time high of $37.19 billion in December 2017, the Central Bank of Egypt (CBE)…
Egypt paid $30bn in loans in 2017: CBE

Egypt paid $30bn in loans in 2017: CBE

Sources in the Central Bank of Egypt (CBE) announced on Wenesday that Egypt paid $US30 billion to foreign bodies in…
Egypt’s central bank keeps interest rates unchanged

Egypt’s central bank keeps interest rates unchanged

Egypt’s central bank kept its key interest rates unchanged on Thursday as inflation remained in double digits a year after…
First Egypt-made smartphone open for pre-booking

First Egypt-made smartphone open for pre-booking

Egyptian Silicon Industries Company (SICO Egypt), manufacturer of the first Egypt-made smartphone, announced the opening of the pre-booking of its…
Stricter inspection measures to increase exports of Egyptian fruits: Agriculture Ministry

Stricter inspection measures to increase exports of Egyptian fruits: Agriculture Ministry

Egypt’s Ministry of Agriculture announced that it would impose stricter inspection measures of Egyptian fruits, including guava and pomegranate, in…
Egypt sets customs exchange rate at LE16 per US dollar for January

Egypt sets customs exchange rate at LE16 per US dollar for January

Egypt’s customs exchange rate will continue to be fixed at LE16 per dollar starting from Monday, January 1, 2018, until…
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