economy

Egypt to export SICO smartphone: Communications Minister
Science

Egypt to export SICO smartphone: Communications Minister

Minister of Communications Yasser al-Kadi affirmed on Monday that Egypt will soon begin exporting the new Egyptian-made smartphone, SICO. During…
US dollar price up on Monday
Business

US dollar price up on Monday

The US dollar price increased against the Egyptian pound with an average of US$17.58 during the bank dealings on Monday.…
Egypt’s economic structure is at a turning point: IMF director
Economy

Egypt’s economic structure is at a turning point: IMF director

Managing Director of the International Monetary Fund (IMF) Christine Lagarde said on Sunday that Egypt is currently undergoing a turning…
IMF expects no additional taxes in Egypt in 2018
Business

IMF expects no additional taxes in Egypt in 2018

IMF Director for the Middle East and Central Asia Department Jihad Azour predicts that no additional taxes will be implemented…
AUC reveals plan for a cashless community, introduces AUC Coin
Business

AUC reveals plan for a cashless community, introduces AUC Coin

The American University in Cairo (AUC) announced earlier this week it will be taking its first step to transform its…
Egypt to host first FinTech conference this week to revolutionize economy
Economy

Egypt to host first FinTech conference this week to revolutionize economy

Aiming to endorse the use of financial technology applications in Egypt for efficient and cheaper financial services, Egypt is hosting the…
Parliament gives final approval on bankruptcy law
Egypt

Parliament gives final approval on bankruptcy law

In an effort to help generate investment, Egyptian parliament reached a final approval for the new bankruptcy law on Sunday,…
UK employment surges to unexpected record high, wages edge up
World

UK employment surges to unexpected record high, wages edge up

The number of people in work in Britain surged unexpectedly in the three months to November and regular wages rose…
Egypt’s economy growth rate to reach 4.8% in FY2017/18: IMF
Economy

Egypt’s economy growth rate to reach 4.8% in FY2017/18: IMF

The growth rate of Egypt’s economy increased from 3.5 percent in the fiscal year 2015-2016 to 4.2 percent in fiscal year…
AFDB approves third $500 mln tranche in support for Egypt’s reform program
Economy

AFDB approves third $500 mln tranche in support for Egypt’s reform program

In support of the country’s effort to improve Egyptians’ quality of life, the African Development Bank approved the disbursement of…
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