economy

US dollar price in Egypt falls 145 piasters since 2019 start
Business

US dollar price in Egypt falls 145 piasters since 2019 start

US dollar prices continued its decrease in Egyptian banks on Monday, amid expectations of continued decline due to the increasing…
Egypt’s inflation rate records 11.5 percent in January-August: CAPMAS
Economy

Egypt’s inflation rate records 11.5 percent in January-August: CAPMAS

Egypt’s inflation rate recorded 11.5 percent in January-August 2019, compared to the same period in 2018,  while prices of food…
Egypt to issue international bonds and diversify currency to hedge against risks
Business

Egypt to issue international bonds and diversify currency to hedge against risks

Egyptian Finance Minister Mohamed Maait announced on Monday that his country intends to issue international bonds worth between US$3-7 billion…
Egypt sees lower budget deficit, higher primary surplus in FY 2019/20
Business

Egypt sees lower budget deficit, higher primary surplus in FY 2019/20

CAIRO, Sept 3 (Reuters) – Egypt is targeting a budget deficit of 7.2 percent this fiscal year, the finance minister…
Equities, yuan plunge as Trump escalates trade war with China
World

Equities, yuan plunge as Trump escalates trade war with China

Asian equity markets tanked and the yuan hit an 11-year low Monday after US President Donald Trump ramped up his…
Egypt’s Gold prices up by LE13 per gram, 21 carats at LE705
Business

Egypt’s Gold prices up by LE13 per gram, 21 carats at LE705

Gold prices have risen in the local market on Saturday by about LE13, boosted by rising global markets. The price…
Egypt aims to reduce government debt to 77.5% by June 2022
Business

Egypt aims to reduce government debt to 77.5% by June 2022

The Egyptian Finance Ministry announced on Friday that the government is targeting the budget for the fiscal year 2019/2020 with…
Asia stocks slump on recession fears
World

Asia stocks slump on recession fears

Asian markets fell Thursday after the Dow suffered its worst day of the year as fears of a global recession…
Egypt’s unemployment rate drops to 7.5 percent
Egypt

Egypt’s unemployment rate drops to 7.5 percent

Egypt’s cabinet released an official statement announcing the decline of the unemployment rate in Egypt, which fell from 9.9 percent…
Deputy Minister: To combat Egypt’s rising poverty, government must study causes
Egypt

Deputy Minister: To combat Egypt’s rising poverty, government must study causes

Egypt’s Deputy Minister of Planning, Follow up and Administrative Reform for Planning Affairs Ahmed Kamali said that the government must…
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