economic reforms
Egyptians accepted economic reforms with confidence: Sisi in Hungary
Egypt
July 4, 2017
Egyptians accepted economic reforms with confidence: Sisi in Hungary
“Egyptian people seek to change their reality, bore the difficult economic measures and accepted them, because they are convinced of…
Social protection package cost stands at LE72 bn: minister
Egypt
June 23, 2017
Social protection package cost stands at LE72 bn: minister
The cost of the upgraded social protection package in the 2017-2018 state budget stands at LE72 billion, the Ministry of…
In surprise move, CBE hikes key interest rates
Business
May 22, 2017
In surprise move, CBE hikes key interest rates
The Central Bank of Egypt raised its key interest rates by 200 basis points on Sunday, citing stronger economic growth…
Recent economic reforms had negative impact on my popularity: Sisi
Egypt
May 17, 2017
Recent economic reforms had negative impact on my popularity: Sisi
President Abdel Fattah al-Sisi was interviewed by the editors-in-chief of three Egyptian newspapers—Al-Gomhoria, Akhbar Al-Youm and the main state-run newspaper…
US dollar bond yields jump in Egypt: Bloomberg
Business
May 8, 2017
US dollar bond yields jump in Egypt: Bloomberg
The US dollar bond yields in Egypt have jumped this year, causing the cost of borrowing to reach its lowest…
IMF says more reforms still needed by Mideast oil exporters
Middle East
May 2, 2017
IMF says more reforms still needed by Mideast oil exporters
The International Monetary Fund said on Tuesday oil exporting countries in the Middle East continue to have the world's largest…
Government considers increasing ration card subsidies to LE27
Business
March 30, 2017
Government considers increasing ration card subsidies to LE27
The government is considering increasing subsidies on ration cards by 29 percent to LE27 (US$1.5) a month in the next…
Moody’s sees Egypt’s economy growing but reforms slipping
Business
March 30, 2017
Moody’s sees Egypt’s economy growing but reforms slipping
The economic picture for Egypt is improving, ratings agency Moody's said on Wednesday, but a public backlash will likely lead…
Aramco tax cut lifts company’s value by US$1 trillion, analyst estimates
Business
March 29, 2017
Aramco tax cut lifts company’s value by US$1 trillion, analyst estimates
Saudi Arabia's decision to cut tax paid by national oil giant Saudi Aramco has increased its value by US$1 trillion,…
Egypt negotiates third tranche of World Bank loan
Business
March 22, 2017
Egypt negotiates third tranche of World Bank loan
The government began intensive negotiations with the World Bank mission, which is currently in Cairo, on the third tranche of…