Economy
US dollar records stable prices in Monday dealings
September 25, 2017
US dollar records stable prices in Monday dealings
The US dollar exchange rate to Egyptian pounds almost leveled off at LE 17.61 for purchase and LE 17.71 for…
GDP likely to hit 5.25 percent in fiscal year 2017/18: Finance Minister
September 19, 2017
GDP likely to hit 5.25 percent in fiscal year 2017/18: Finance Minister
Egypt aims to accomplish sustainable economic development with an expectation that it will increase its gross domestic product (GDP) up…
Egypt’s trade deficit drops by 50.4% in June
September 18, 2017
Egypt’s trade deficit drops by 50.4% in June
Egypt’s trade deficit dropped to $1.82 billion during June, compared to $3.66 billion during the same month of last year,…
US dollar exchange rates witness slight decline
September 17, 2017
US dollar exchange rates witness slight decline
US Dollar exchange rates declined against the Egyptian pound during banking dealings on Sunday. According to the last price update,…
US dollar to reach EGP 20 in 2019: CNN
September 15, 2017
US dollar to reach EGP 20 in 2019: CNN
A recent report by CNN Arabia raised two questions: Has the Egyptian pound recovered? Has the Egyptian government succeeded in…
Egypt’s central bank considers obligating banks to classify loans and deposits by gender
September 15, 2017
Egypt’s central bank considers obligating banks to classify loans and deposits by gender
Egypt’s central bank is considering requiring banks to report the breakdown of their loan and deposit figures according to the…
Egypt budget deficit down to 8 pct of GDP in first nine months of 2016-17
September 15, 2017
Egypt budget deficit down to 8 pct of GDP in first nine months of 2016-17
Egypt’s budget deficit for the first nine months of the 2016-17 fiscal year ending in June dipped to 8 percent…
Informal economy in Egypt contributes to about 40% of GDP: Minister
September 14, 2017
Informal economy in Egypt contributes to about 40% of GDP: Minister
Minister of Planning and Administrative Development Hala al-Saeed said Thursday that the informal sector in the Egyptian economy contributes to…
Annual inflation rate hits 33.2% in August: CAPMAS
September 11, 2017
Annual inflation rate hits 33.2% in August: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Monday that annual inflation rates receded to 33.2 percent…
French wheat shipment, infected with poppy seeds, removed
September 11, 2017
French wheat shipment, infected with poppy seeds, removed
The Plant Quarantine Department in Port Safaga blocked a 59,000-ton shipment of French wheat on Sunday, imported for the Public Authority…