Economy

Egypt’s Atoll gas field begins test production: minister

Egypt’s Atoll gas field begins test production: minister

Test production at Egypt’s Atoll offshore gas field began on Tuesday with a production capacity of 300 million cubic feet…
Egypt says 4 bln dollars of debt paid to African Export-Import Bank

Egypt says 4 bln dollars of debt paid to African Export-Import Bank

 Egypt has paid back a total $4 billion to the African Export-Import Bank, the central bank said on Tuesday. The…
CBE: foreign reserves rise by $20 million in November

CBE: foreign reserves rise by $20 million in November

The Central Bank of Egypt (CBE) said that the country’s net foreign currency reserves rose by $20 million at the…
US dollar slightly up on Monday

US dollar slightly up on Monday

The US dollar exchange rate slightly rose against the Egyptian pound in the dealings of Egypt’s banking sector on Monday after…
Growth rate has increased due to investment surge: Planning Minister

Growth rate has increased due to investment surge: Planning Minister

  Egypt’s Minister of Planning Hala Al-Saeed said Thursday that a rise in investments in the country has contributed to…
Global container companies reinstate their activates in Egypt

Global container companies reinstate their activates in Egypt

Global container companies Hapag Lloyd, Yang Ming, Mitsui, NYK and K-line said on Monday that they will resume their navigation…
US dollar price increases by up to 5 piasters in Egypt banks Tuesday

US dollar price increases by up to 5 piasters in Egypt banks Tuesday

The US dollar exchange rate against the Egyptian pound witnessed a slight increase in several banks in Egypt on Tuesday.…
Egypt economy likely to remain unshaken by Sinai attack

Egypt economy likely to remain unshaken by Sinai attack

The mosque attack in Egypt’s Sinai may only strengthen the view that the country needs continued IMF support as agreed…
US dollar price slightly up on Monday

US dollar price slightly up on Monday

The US dollar exchange rate against the Egyptian pound witnessed a slight increase in several banks in Egypt on Monday.…
Egyptians will start feeling effects of reforms in 2018: IMF

Egyptians will start feeling effects of reforms in 2018: IMF

International Monetary Fund (IMF) mission chief for Egypt Subir Lall said on Sunday that Egyptians will start feeling the effects…
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