Economy

Hermes projects US dollar at LE15 by the end of 2017

Hermes projects US dollar at LE15 by the end of 2017

EFG Hermes investment bank is expecting improvement in the Egyptian pound exchange rate by the end of the current year…
Growth rate of Egypt’s exports reaches 7.4% in 2016

Growth rate of Egypt’s exports reaches 7.4% in 2016

Egypt’s non-petroleum exports increased by 7.41 percent in 2016, compared to the rate of exports achieved in 2015, reaching US$19.118…
Mining company Centamin won’t bid in Egypt gold tender, terms not viable

Mining company Centamin won’t bid in Egypt gold tender, terms not viable

Centamin Plc, which runs Egypt's only commercial gold mine, said it would not bid in the country's new gold exploration…
Egypt capable of manufacturing weapons locally: minister

Egypt capable of manufacturing weapons locally: minister

The Military Production Ministry seeks to fulfill the armed forces' needs for some projects, due to the ongoing threats in…
British banks’ optimism hits crisis-era low on Brexit uncertainty

British banks’ optimism hits crisis-era low on Brexit uncertainty

Optimism about the business environment for Britain's financial services firms fell for a fourth consecutive quarter, according to a survey…
Growth rate improves by 3.4%: planning minister

Growth rate improves by 3.4%: planning minister

The growth rate during the first quarter of fiscal year 2016/17 has seen a 3.4 percent improvement, said Planning Minister A
Russian tourism may return to Egypt next month: Hurghada Consul

Russian tourism may return to Egypt next month: Hurghada Consul

The Consul General of Russia in Hurghada Jamshed Boltaev said Sunday that he expects Russian tourism returns to Egypt within…
Egypt’s economy to grow 3.9 percent in 2016/17, missing government target: poll

Egypt’s economy to grow 3.9 percent in 2016/17, missing government target: poll

Egypt's economy will expand by 3.9 percent in the fiscal year ending in June, missing the government's target of around…
Egypt considering temporary stamp duty on Stock Market deals: sources

Egypt considering temporary stamp duty on Stock Market deals: sources

Egypt is considering temporarily reintroducing a stamp duty on stock market transactions after the tax was frozen in 2014, two…
UK gives high priority to resumption of flights to Sharm el-Sheikh: British minister

UK gives high priority to resumption of flights to Sharm el-Sheikh: British minister

In his visit to Egypt, British Minister of State for Security Ben Wallace said the UK is giving high priority to the…
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