Egypt economy
Fluctuating dollar price against Egyptian pound on Sunday
Business
February 18, 2018
Fluctuating dollar price against Egyptian pound on Sunday
US dollar prices fluctuated against the Egyptian pound during the bank dealings on Monday, with the price averaging LE17.60 to the…
Egypt receives largest UK trade delegation in two decades
Business
February 11, 2018
Egypt receives largest UK trade delegation in two decades
UK trade envoy to Egypt Jeffrey Donaldson arrived in Cairo on Saturday for a five-day visit, heading the largest British trade…
Egypt to issue Eurobonds worth $4-5 billion within days – finance minister
Economy
February 5, 2018
Egypt to issue Eurobonds worth $4-5 billion within days – finance minister
Egypt is to issue dollar-denominated Eurobonds worth $4 billion to $5 billion within days, Finance Minister Amr El Garhy said…
Dubai’s Al Khaleej in $1 bln Egypt beet sugar mill deal
Business
February 5, 2018
Dubai’s Al Khaleej in $1 bln Egypt beet sugar mill deal
* Investment valued at around $1 billion * To be largest beet sugar producer globally * To have 36,000 tonnes…
Egypt’s foreign reserves jump to $38.2 bln in January
Business
February 4, 2018
Egypt’s foreign reserves jump to $38.2 bln in January
The Central Bank of Egypt (CBE) on Sunday said that foreign currency reserves rose by $1.2 billion to $38.209 billion…
Bitcoin value continues to fall after several countries warn against it
Economy
January 17, 2018
Bitcoin value continues to fall after several countries warn against it
The electronic currency Bitcoin continued on Wednesday to fall, completing a 24-hour downward spiral, with about 7 percent of its…
US dollar maintains prices against Egyptian pound
Economy
January 14, 2018
US dollar maintains prices against Egyptian pound
The US Dollar exchange rate against the Egyptian pound maintained prices during Sunday’s dealings in the banking sector. According to…
Egypt hikes 2017-18 economic growth forecast to 5.3-5.5 percent
Economy
January 14, 2018
Egypt hikes 2017-18 economic growth forecast to 5.3-5.5 percent
Egypt has revised up its economic growth forecast for fiscal 2017-18 that began in July to 5.3 to 5.5 percent…
Average yields on Egypt’s 3- and 7-year T-bonds rise at auction
Economy
January 9, 2018
Average yields on Egypt’s 3- and 7-year T-bonds rise at auction
Average yields on Egypt’s three-year and seven-year treasury bonds rose at an auction on Monday, central bank data showed. The…
Egypt’s vegetable oil reserves at 3 months, sugar at 5: official
Economy
December 27, 2017
Egypt’s vegetable oil reserves at 3 months, sugar at 5: official
Egypt’s strategic vegetable oil reserves are enough to meet consumption needs for more than three months while sugar reserves are…