economy
Egypt on track to receive IMF loan’s second tranche
Egypt
March 20, 2017
Egypt on track to receive IMF loan’s second tranche
Egypt is on track to receive the second tranche of a US$12 billion three-year loan from the International Monetary Fund…
Saudi deputy crown prince, Trump meeting a ‘turning point’: Saudi adviser
World
March 15, 2017
Saudi deputy crown prince, Trump meeting a ‘turning point’: Saudi adviser
Saudi Arabia hailed a "historical turning point" in US-Saudi relations after a meeting between US President Donald Trump and Deputy…
Electricity Ministry plans new price increases: sources
Business
March 14, 2017
Electricity Ministry plans new price increases: sources
The Electricity Ministry is studying a number of scenarios for the new tariff being introduced to electricity prices, which will…
Egypt’s budget 2017/2018 exceeds one trillion pounds
Egypt
March 11, 2017
Egypt’s budget 2017/2018 exceeds one trillion pounds
Egypt’s Finance Ministry completed the drafting of the state budget for the next fiscal year 2018/2017, amid extreme secrecy about…
23% increase in remittances from Egyptians expats in January: CBE
Business
March 6, 2017
23% increase in remittances from Egyptians expats in January: CBE
Remittances from Egyptian citizens working abroad rose by 23% in January to US$1.6 billion, compared to US$1.3 billion in January 2016,…
Bloomberg: Egypt’s economy is recovering, EGP climbs faster than expected
Egypt
March 6, 2017
Bloomberg: Egypt’s economy is recovering, EGP climbs faster than expected
The value of the Egyptian pound rose faster than expected, though optimism prevails among Egyptian businessmen societies recently, thanks to…
Recyclobekia, first Egyptian e-waste recycler sells $2.4m worth of trash a year
Egypt
February 26, 2017
Recyclobekia, first Egyptian e-waste recycler sells $2.4m worth of trash a year
Becoming an entrepreneur does not always mean starting a multi-million peso company; sometimes it could be as simple as starting…
Germany spends on migrants, boosting growth as budget surplus soars
Business
February 23, 2017
Germany spends on migrants, boosting growth as budget surplus soars
Germany posted a record budget surplus last year helped by rising tax revenues and employment and low debt costs, creating conditions for…
Egyptian contractors to build ministerial district in new capital after aborted Chinese deal
Egypt
February 8, 2017
Egyptian contractors to build ministerial district in new capital after aborted Chinese deal
Egypt's New Administrative Capital annulled its agreement with the China State Construction Engineering Cooperation (CSCEC) to build and finance the…