economy
Egypt planning minister calls for legal review, ‘economic revolution’
Business
October 21, 2014
Egypt planning minister calls for legal review, ‘economic revolution’
Egypt needs an "economic revolution" to recover from damage caused by political instability as it seeks to attract billions of…
Egypt central bank keeps rates on hold, monitoring risks from global growth jitters
Business
October 17, 2014
Egypt central bank keeps rates on hold, monitoring risks from global growth jitters
Egypt's central bank kept its main interest rates unchanged at a policy meeting on Thursday but said it was keeping…
Egypt to reduce time and cost of container release at customs ports
Business
October 15, 2014
Egypt to reduce time and cost of container release at customs ports
Egypt plans to reduce the time and cost of container release in a move to improve performance levels at customs…
Minister: Growth rate to reach 5-6 percent in three years
Business
September 16, 2014
Minister: Growth rate to reach 5-6 percent in three years
The growth rate in the 2013-2014 fiscal year will reach two percent, said Finance Ministry Hani Qadri, describing it as low, but…
20 percent increase in container traffic in 2014
Business
September 8, 2014
20 percent increase in container traffic in 2014
An official report has monitored a 20 percent increase in the container traffic of Egyptian ports in 2014 compared to…
European Bank allocates US$50 million to investment projects in Egypt
Business
July 17, 2014
European Bank allocates US$50 million to investment projects in Egypt
Hildegard Gacek, director of the southern and eastern Mediterranean department of the European Bank for Reconstruction and Development, said the…
CBE opens new account to support Egyptian economy
Business
June 24, 2014
CBE opens new account to support Egyptian economy
Central Bank of Egypt Governor Hesham Ramez said a new account dubbed Long Live Egypt 037037 has been opened to…
Egypt funding crunch slowing food payments again
Business
May 9, 2014
Egypt funding crunch slowing food payments again
Egypt's financial crisis is hindering payments for food commodities as banks and traders say some of the funding problems which…
Budget deficit down 3 percent in 2013-2014
Business
April 30, 2014
Budget deficit down 3 percent in 2013-2014
Egypt’s general budget deficit has dropped to LE145 billion during the first nine months of the 2013-2014 fiscal year, according to…