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EIB, Egypt sign three financing agreements worth €122.7 mln for transport, sanitation…
Egypt has signed three financing agreements totalling €122.7 million ($139.2 million) with the European Investment…
WB downgrades Egypt’s GDP growth forecast to 3.0% during 2019/21
World Bank downgrades Egypt’s GDP growth forecast to 3.0 percent for the fiscal year ending this month.
Rumors behind hike in cigarettes prices are baseless, ‘greedy merchants’ behind shortage:…
Rumors of expected rise in cigarettes’ prices were baseless according to Ibrahim al-Imbabi, the head of the General…
Alexandria Customs collects EGP2.52bn customs, taxes in May
Alexandria Customs collected 2.519 billion Egyptian pounds ($155.6 million) in customs duties, taxes, and other…
Egypt fixes factories electricity prices for 5 years
Egypt electricity ministry has decided to fix the prices of medium- and high-voltage electricity consumption for…
Egypt increases household electricity prices by 19.1%
The Egyptian Ministry of Electricity announced the new electricity prices for households rising prices for…
Egypt’s market regulator suspends issuing insurance brokerage licences for one year
Egypt's market regulator, the Financial Regulatory Authority (FRA) has placed a one-year moratorium on issuing…
Egypt sells $509 mln in one-year dollar T-bills – c.bank
Egypt sold $509.3 million in one-year, dollar-denominated T-bills on Tuesday at an average yield of 3.45 percent,…
EgyptAir aims to get new loan from two Egyptian banks – CEO
State-owned carrier, EgyptAir is negotiating with the National Bank of Egypt and Banque Misr to obtain an 3 billion…
Egypt’s GDP drops by EGP 130 billion due to coronavirus – minister
The coronavirus crisis has resulted in a drop in the gross domestic product (GDP) by 130 billion Egyptian pounds…