Egypt economy

Domestic wheat output of 9.475 mln tons expected this season
Business

Domestic wheat output of 9.475 mln tons expected this season

The government expects wheat production of around 9.475 million tons this season if good weather conditions continue, the state news…
World Bank’s IFC plans Egypt currency swaps: CEO
Business

World Bank’s IFC plans Egypt currency swaps: CEO

The International Finance Corp plans to conduct currency swaps in Egypt to help local firms meet their foreign exchange needs,…
Govt official heads to Berlin to discuss EU aid to Egypt
Egypt

Govt official heads to Berlin to discuss EU aid to Egypt

Essam al-Haddad, President Mohamed Morsy’s assistant for foreign affairs and international cooperation, traveled to Berlin for a two-day visit on…
Payments figures add to pressure for IMF deal
Business

Payments figures add to pressure for IMF deal

The country's current account deficit narrowed in July-December, data showed on Thursday, but economists said it remained a major problem…
IMF mission due in Cairo Sunday to discuss economic reforms
Business

IMF mission due in Cairo Sunday to discuss economic reforms

  An International Monetary Fund delegation is due to arrive in Cairo on Sunday to renew discussions regarding economic reforms,…
Orascom woes weigh market down Thursday; EGX30 drops 2 percent
Business

Orascom woes weigh market down Thursday; EGX30 drops 2 percent

A sudden drop in Orascom Construction Industries (OCI) shares on Thursday led the main EGX30 stock index to nosedive by…
Govt investigating how to continue funding energy subsidies
Business

Govt investigating how to continue funding energy subsidies

Finance Ministry officials and representatives from the General Petroleum Corporation are currently discussing the amount of funding required to continue…
Nour Party launches initiative to ‘save’ economy
Business

Nour Party launches initiative to ‘save’ economy

The Nour Party announced on Monday the launch of the National Council for Economic Development, as part of a bid…
Hours after 19 tourists die in Luxor, Tourism Ministry touts high tourist numbers in January
Business

Hours after 19 tourists die in Luxor, Tourism Ministry touts high tourist numbers in January

Just hours after 19 tourists died in Luxor in a hot air balloon crash, the Tourism Ministry released a report…
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