economy

IFC, MEG sign landmark US$100 mn agreement to foster Egypt’s economy
Egypt

IFC, MEG sign landmark US$100 mn agreement to foster Egypt’s economy

The International Finance Coordination (IFC), a member of the World Bank, provided up to $100 million in financing to the…
Egyptian Stock market gains LE66.8 bn in first quarter of 2019
Business

Egyptian Stock market gains LE66.8 bn in first quarter of 2019

The Egyptian Stock Exchange gained LE66.8 billion in market capitalization during the first quarter of 2019. The total market value…
CBE receives requests from major international banks to operate in Egypt
Business

CBE receives requests from major international banks to operate in Egypt

The Central Bank of Egypt (CBE) has received requests from major international banks recently for new licenses to operate in…
Egyptian cabinet approves state budget for 2019/2020
Business

Egyptian cabinet approves state budget for 2019/2020

The Egyptian cabinet approved on Wednesday the proposed state budget for fiscal year 2019/2020 as part of preparations to send…
Egypt ready to provide economic reform experience to Africa: Minister
Business

Egypt ready to provide economic reform experience to Africa: Minister

Egypt’s Finance Minister Mohamed Maait announced Tuesday that his country is ready to provide its pioneer experience in economic financial…
Sisi holds economic talks with Iraqi PM at Cairo
Egypt

Sisi holds economic talks with Iraqi PM at Cairo

Egyptian President Abdel Fattah al-Sisi met with Iraqi Prime Minister Adel Abdul-Mahdi on Saturday in Cairo to discuss means of…
US dollar exchange rate continues to decline in Egypt
Business

US dollar exchange rate continues to decline in Egypt

The US dollar exchange rate continued its decline against the Egyptian pound on Wednesday morning for the third day in…
Hamas cracks down on Gaza protests over cost of living
Middle East

Hamas cracks down on Gaza protests over cost of living

GAZA CITY, Gaza Strip (AP) — Hamas forces in the Gaza Strip on Thursday forcibly dispersed hundreds of Palestinians protesting…
Brexit deal legal advice sends pound tumbling
World

Brexit deal legal advice sends pound tumbling

The pound tumbled Tuesday after the UK government’s top legal advisor cast doubt on Prime Minister Theresa May’s last-gasp changes…
Egypt’s urban inflation jumps to 14.4 pct in Feb
Economy

Egypt’s urban inflation jumps to 14.4 pct in Feb

CAIRO, March 10 (Reuters) – Egypt’s annual urban consumer price inflation increased to 14.4 percent in February from 12.7 percent…
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