Economy
World Bank transfers $125 mn to CBE for Upper Egypt development
October 17, 2017
World Bank transfers $125 mn to CBE for Upper Egypt development
The Ministry of Planning, Follow-up and Administrative Reform said that the World Bank (WB) transferred $125 million to Central Bank…
Nasr discusses education, transportation and sanitation support with WB officials
October 15, 2017
Nasr discusses education, transportation and sanitation support with WB officials
On Saturday Minister of Investment and International Cooperation, Sahar Nasr, met with the World Bank Vice-President for the Middle East, Hafez…
Finance Minister: Egypt more stable, foreign currency crisis over
October 15, 2017
Finance Minister: Egypt more stable, foreign currency crisis over
Finance Minister Amr al-Garhy said that the preliminary results of the economic reform program implementation in Egypt are very promising,…
Improving world economy still needs help from low rates
October 15, 2017
Improving world economy still needs help from low rates
The world economy is the healthiest it’s been in years but could still use a little help from low-interest rates…
Egypt expects $2 bn IMF loan installment by next month
October 14, 2017
Egypt expects $2 bn IMF loan installment by next month
Egypt’s Finance Minister, Amr al-Garhy, anticipates the country will receive another installment of the International Monetary Fund (IMF) loan worth $2 billion,…
Food producers can face jail for violating decree to print clear price tags
October 12, 2017
Food producers can face jail for violating decree to print clear price tags
Egypt’s Minister of Supply and Internal Trade Ali Moselhi issued a decree this week obliging all food producers to print…
Bitcoin trades above $5,000 for first time ever
October 12, 2017
Bitcoin trades above $5,000 for first time ever
Bitcoin smashed through the $5,000 barrier for the first time ever on Thursday, jumping as much as 7 percent to…
US dollar to Egyptian pound prices Tuesday
October 10, 2017
US dollar to Egyptian pound prices Tuesday
The US dollar exchange rate was stable against the Egyptian pound at the beginning of Tuesday morning trading. According to…
Oil prices rise as OPEC says market is rebalancing
October 10, 2017
Oil prices rise as OPEC says market is rebalancing
Oil prices edged up on Tuesday as OPEC said there were clear signs the market was rebalancing and as US…
Remittances from Egyptian expats up 40 pct from same period last year: CBE
October 9, 2017
Remittances from Egyptian expats up 40 pct from same period last year: CBE
Remittances from Egyptian expats were reportedly 40 percent higher in August than in the same month last year, registering $1.7…