IMF
Egypt tourism revenue bounces back after crippling dollar shortage: Bloomberg
Economy
August 16, 2017
Egypt tourism revenue bounces back after crippling dollar shortage: Bloomberg
Egypt’s tourism revenues rose to $1.5 billion in the fourth quarter of 2017, up from $510 million in the same…
Egypt streamlines industrial licensing to boost investment
Egypt
August 14, 2017
Egypt streamlines industrial licensing to boost investment
Egypt announced executive regulations on Sunday for a new industrial licensing law it says will slash bureaucracy and decrease the…
Egypt’s foreign direct investment rises to about $8.7 bln in FY 2016-17 -Investment Minister
Economy
August 6, 2017
Egypt’s foreign direct investment rises to about $8.7 bln in FY 2016-17 -Investment Minister
Foreign direct investment in Egypt is expected to have risen to about $8.7 billion in the 2016-17 fiscal year that…
Egypt increases cost of water by up to 50%
Egypt
August 3, 2017
Egypt increases cost of water by up to 50%
Egypt’s Prime Minister Sherif Ismail signed off on Wednesday to raise drinking water and sewage fees starting August by as…
Egypt Reserves Reach Record High of Over $36 Billion
Economy
August 2, 2017
Egypt Reserves Reach Record High of Over $36 Billion
Egypt’s foreign reserves reached $36.036 billion in July, a record high, which the prime minister described as “good news” as…
Private sector still faces “risks” after EGP devaluation: Financial Times
Business
August 1, 2017
Private sector still faces “risks” after EGP devaluation: Financial Times
Factories and entrepreneurs in Egypt are still facing tremendous “risks” after the flotation of the Egyptian pound in November 2016, the…
34% of Egyptians decreased their consumption following waves of subsidy cuts: Baseera
Features/Interviews
July 31, 2017
34% of Egyptians decreased their consumption following waves of subsidy cuts: Baseera
A poll conducted by the Egyptian Center for Public Opinion Research (Baseera) stated on Monday that 34 percent of Egyptians…
Uber fares in Egypt increase following fuel price hike
Technology
July 19, 2017
Uber fares in Egypt increase following fuel price hike
The San Francisco-based ride-hailing company Uber increased their base fare prices in Egypt to start at LE6, with the aim of…
Ride-hailing app Careem raises base fare to LE5.5
Technology
July 17, 2017
Ride-hailing app Careem raises base fare to LE5.5
Following the fuel subsidy cuts, ride-hailing service app Careem has increased their base fares on to start at LE5.5 —…
Egypt to receive third IMF loan of $2 billion between December and January
Economy
July 17, 2017
Egypt to receive third IMF loan of $2 billion between December and January
Egypt expects to receive a third loan installment worth $2 billion from the International Monetary Fund (IMF) between December and…