Egyptian economy
IMF keen to support Egyptian economy with loan, boosting jobs: PM
Egypt
July 28, 2016
IMF keen to support Egyptian economy with loan, boosting jobs: PM
The Egyptian Prime Minister Sherif Ismail has commented on the planned visit of an International Monetary Fund (IMF) delegation, saying…
IMF mission in Cairo next week for talks on US$12bn bailout
Business
July 27, 2016
IMF mission in Cairo next week for talks on US$12bn bailout
The International Monetary Fund confirmed on Tuesday that Egypt has asked it for financial support program and said an IMF…
Egypt’s central bank says not time to float pound, devaluation depends on timing
Business
July 21, 2016
Egypt’s central bank says not time to float pound, devaluation depends on timing
Egypt's central bank governor said on Wednesday that the time was not right to float the Egyptian pound, which has…
Egypt’s economy drops to third place in Africa rankings: Bloomberg
Business
July 15, 2016
Egypt’s economy drops to third place in Africa rankings: Bloomberg
Bloomberg has rated the Egyptian economy third on the African continent, pushing it back from second place after just two…
Brexit causes pause for thought on Britain-Egypt trade relations
Egypt
June 27, 2016
Brexit causes pause for thought on Britain-Egypt trade relations
The decision by British voters last Thursday to leave the European Union has dominated discussion in global political, business and…
Egypt raises interest rates by 100 basis points, to highest level in years
Business
June 17, 2016
Egypt raises interest rates by 100 basis points, to highest level in years
Egypt's central bank raised its key interest rates by 100 basis points on Thursday to their highest levels in years,…
Egypt’s illicit currency traders defy crackdown, spread business abroad
Business
June 15, 2016
Egypt’s illicit currency traders defy crackdown, spread business abroad
Egypt's efforts to stamp out illicit currency trading is pushing black market dealers to carry out transactions abroad, beyond the…
Egypt’s CIB and Beltone drop plans for CI Capital sale
Business
June 9, 2016
Egypt’s CIB and Beltone drop plans for CI Capital sale
Egypt's Commercial International Bank (CIB) has dropped plans to sell its investment bank CI Capital to Beltone Financial after failing…
Egypt’s annual urban consumer price inflation jumps to 12.3 pct in May
Business
June 9, 2016
Egypt’s annual urban consumer price inflation jumps to 12.3 pct in May
Egypt's annual urban consumer price inflation jumped to 12.3 percent in May from 10.3 percent in April, the official statistics…
Moody’s bets on foreign investment in Egypt to ease dollar shortage
Business
June 8, 2016
Moody’s bets on foreign investment in Egypt to ease dollar shortage
Despite warning about the pressures on foreign currency liquidity resulting from the dollar shortage, Moody’s has maintained its stable outlook…