macroeconomics
IMF says Egypt must deepen reforms to catch window of global growth
Business
May 6, 2018
IMF says Egypt must deepen reforms to catch window of global growth
Egypt will have to deepen its IMF-backed reforms and better encourage private sector growth if it wants to cash in…
Egypt selling bonds worth 2 billion euros
Business
April 11, 2018
Egypt selling bonds worth 2 billion euros
Egypt is selling international bonds valued at 2 billion euros through two tranches, with maturities of eight and 12 years…
Draft budget expects 5.8% growth rate, decreased budget deficit
Economy
March 29, 2018
Draft budget expects 5.8% growth rate, decreased budget deficit
Prime Minister Sherif Ismail received on Wednesday the draft budget for the 2018/19 fiscal year, and said in a Cabinet…
Third IMF loan installment will bridge funding gap: CBE source
Economy
December 24, 2017
Third IMF loan installment will bridge funding gap: CBE source
The third tranche of the International Monetary Fund (IMF) loan worth $2 billion will be used to support the state…
US dollar prices fall below LE 17.90 Sunday
Economy
August 6, 2017
US dollar prices fall below LE 17.90 Sunday
The US dollar exchange rate against Egyptian pound declined slightly within bank dealings Sunday in Egypt. “The trade movement of…
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…