Economy

Recession hits Egypt’s gold market

Recession hits Egypt’s gold market

The gold price climbed LE7 domestically on Saturday, driven by global price hikes, amid a state of unprecedented stagnation on…
Egypt exports to Turkey up 44% in 10 months: ministry

Egypt exports to Turkey up 44% in 10 months: ministry

Egypt Trade and Industry Minister Tariq Qabil said on Saturday that Egyptian exports to Turkey significantly increased between January and…
US dollar exchange rates stable on Thursday

US dollar exchange rates stable on Thursday

US dollar exchange rates were stable throughout Thursday morning trading. In the National Bank of Egypt (NBE), the US dollar…
Egypt’s vegetable oil reserves at 3 months, sugar at 5: official

Egypt’s vegetable oil reserves at 3 months, sugar at 5: official

Egypt’s strategic vegetable oil reserves are enough to meet consumption needs for more than three months while sugar reserves are…
Egypt’s exchange remains top Arab performer in 2017

Egypt’s exchange remains top Arab performer in 2017

The head of the Egyptian Exchange says its benchmark index has made significant gains in 2017 thanks to economic reforms…
Egypt’s EFG Hermes looks to manage renewable energy projects: energy head

Egypt’s EFG Hermes looks to manage renewable energy projects: energy head

Egyptian investment bank EFG Hermes expects to begin offering factoring services in the first quarter of 2018 as part of…
Third IMF loan installment will bridge funding gap: CBE source

Third IMF loan installment will bridge funding gap: CBE source

The third tranche of the International Monetary Fund (IMF) loan worth $2 billion will be used to support the state…
Egypt to receive $2 billion as part of IMF loan in June or July: Deputy Finance Minister

Egypt to receive $2 billion as part of IMF loan in June or July: Deputy Finance Minister

Egypt will receive $2 billion in the fourth disbursal from a $12 billion International Monetary Fund loan in June or…
US dollar exchange rate rises slightly

US dollar exchange rate rises slightly

The US dollar exchange rate rose slightly during morning trading on Tuesday, after witnessing a remarkable rise during last week…
World’s largest container ship crosses Suez Canal

World’s largest container ship crosses Suez Canal

The world’s largest container ship OOCL Hong Kong crossed the Suez Canal on Monday on its way from the Netherlands…
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