Egyptian economy
Egypt’s Finance Minister sets priorities of reform for the next phase
Business
October 20, 2019
Egypt’s Finance Minister sets priorities of reform for the next phase
Egyptian Finance Minister Mohamed Maait announced on Sunday that the priorities of economic reform in the Egyptian government during the…
Cabinet refutes rumor regarding issuance of new banknotes in October
Business
August 22, 2019
Cabinet refutes rumor regarding issuance of new banknotes in October
Egypt’s cabinet refuted on Wednesday rumors that the Central Bank of Egypt (CBE) will issue LE500 and LE1,000 banknotes starting…
Bloomberg: Egypt ranks second in 21 emerging economies worldwide
Business
June 17, 2019
Bloomberg: Egypt ranks second in 21 emerging economies worldwide
Bloomberg has listed Egypt’s economy as amongst the most flexible emerging economies in the face of threats of the global…
Egypt’s Inflation rate rises by 1% in May: CAPMAS
Economy
June 10, 2019
Egypt’s Inflation rate rises by 1% in May: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed Egypt’s inflation rate during the month of May rose by…
IFC, MEG sign landmark US$100 mn agreement to foster Egypt’s economy
Egypt
April 2, 2019
IFC, MEG sign landmark US$100 mn agreement to foster Egypt’s economy
The International Finance Coordination (IFC), a member of the World Bank, provided up to $100 million in financing to the…
Central Bank of Egypt bans circulation of banknotes with phrases
Economy
March 4, 2019
Central Bank of Egypt bans circulation of banknotes with phrases
The Central Bank of Egypt (CBE) announced on Monday it would ban the circulation of any banknotes bearing textual phrases,…
US dollar exchange rates decline by 2-piaster average
Business
February 21, 2019
US dollar exchange rates decline by 2-piaster average
US dollar prices have slightly declined against the Egyptian pound by average of 2 piasters in several banks on Thursday.…
Egypt’s telecommunications sector makes 16.4% growth in second quarter of 2018-19
Business
February 2, 2019
Egypt’s telecommunications sector makes 16.4% growth in second quarter of 2018-19
The communications and information technology sector witnessed a growth rate of 16.4 percent during the second quarter of the…
US dollar price in Egypt hits lowest level in two years
Economy
January 28, 2019
US dollar price in Egypt hits lowest level in two years
The US dollar fell on Sunday during mid-day trading in Egyptian banks, hitting its lowest level in two years.…
Overpopulation biggest challenge facing Egypt: Minister
Egypt
December 1, 2018
Overpopulation biggest challenge facing Egypt: Minister
Minister of Planning, Follow-up and Administrative Reform Hala al-Saeed said that the biggest challenge facing Egypt is the high…