Economy

Egypt fixes customs dollar exchange rate to help importers

Egypt fixes customs dollar exchange rate to help importers

Egypt will fix its customs dollar exchange rate and adjust it on a monthly basis to help importers better cope…
EgyptAir announces special offers on domestic round-trip tickets

EgyptAir announces special offers on domestic round-trip tickets

EgyptAir Holding Company announced special offers for one-day round trips from Cairo and Borg al-Arab airports to domestic destinations like…
Egypt offers Khaliji investors plots of lands seeking hard currency

Egypt offers Khaliji investors plots of lands seeking hard currency

The Housing Ministry Tuesday offered land plots for Khaliji investors for sale against US dollarsover the upcoming three months, in…
Uber announces fare increase

Uber announces fare increase

Uber company raised the starting fares of its rides from LE4 to LE5 for economy taxis, and from LE5 to…
Moody’s expects 4% economic growth for Egypt in 2017

Moody’s expects 4% economic growth for Egypt in 2017

Moody's Investor Service expects that Egypt's economy will grow by 4% in 2017, and the growth rate will increase 4.5%…
Sterling Pound suffers on ‘Brexit’ fear, as Asian markets retreat

Sterling Pound suffers on ‘Brexit’ fear, as Asian markets retreat

The pound struggled at 32-year lows against the dollar in Asia on Monday after reports said British Prime Minister Theresa…
Egypt is planning new cuts to energy subsidies, says Finance Minister

Egypt is planning new cuts to energy subsidies, says Finance Minister

Egypt's Finance Minister Amr al-Garhy said on Sunday the government is studying the application of new cuts to fuel subsidies. The…
Egypt says foreign investment in treasuries set to reach $10-11 bln in one year

Egypt says foreign investment in treasuries set to reach $10-11 bln in one year

Egyptian Finance Minister Amr El Garhy said on Sunday he expected foreign investment in Egyptian treasury instruments to reach about…
Egypt’s $12 bln IMF loan carries interest rate of 1.5-1.75 pct -fin min

Egypt’s $12 bln IMF loan carries interest rate of 1.5-1.75 pct -fin min

Egypt's $12 billion three-year loan programme from the International Monetary Fund carries an interest rate of 1.5 to 1.75 percent,…
Egypt’s GASC draws seven offers in wheat purchase tender

Egypt’s GASC draws seven offers in wheat purchase tender

Egypt's state buyer GASC received sales offers from seven suppliers in an international tender to purchase wheat on Saturday, traders…
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