IMF backs Egypt scheme to remove fuel subsidies in 3Yrs, ease inflation
The International Monetary Fund (IMF) is encouraged by Egypt’s efforts to remove fuel subsidies within three years…
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Financial crisis over, 2018 to witness boom: Egypt’s CBE governor
The financial crisis is over and 2018 will see a boom, said Governor of the Central Bank of Egypt (CBE) Tarek Amer.…
Newly-discovered gas fields for around $3.6 bln yearly: Egypt’s Sisi
Egyptian President Abdel Fattah al-Sisi said he expected that recently discovered gas fields would save Egypt…
Dollar falls broadly after Trump says currency getting too strong
U.S. dollar prices slumped broadly on Thursday, falling to a five-month low against the yen, after American…
Dollar at 5-month lows vs yen on rising geopolitical tensions
Dollar prices languished at a five-month low versus the yen early on Wednesday, as simmering geopolitical tensions…
15.2% inflation drop within FY2017/18 expected in Egypt
Egypt expects to see inflation fall to an average of 15.2 percent during the financial year 2017/2018, deputy…
Foreign direct investment in Egypt rises to $6.8bn during 2015/16
The net foreign direct investment in Egypt during the financial year 2015/2016 reached $6.8 billion, said…
Suez Canal’s revenues falls to $375.8 mln in Egypt last month
Egypt's revenues from Suez Canal trade recorded a three-year low in February 2017, registering $375.8 million,…
Egypt’s banks cleared to repatriate foreign firms’ long-held profits
Egyptian banks are set to allocate about a quarter of their excess hard currency to foreign firms seeking to…
Egypt delays fee hike for tourist entry visas to July- ministry
Egypt is postponing a fee hike in tourist entry visas- a decision announced last week- until July, the country’s…
