Egypt to raise metro ticket prices by 100% in 2018: minister
Egypt plans to double the price of tickets for millions of commuters on Cairo’s loss-making metro by 100 percent in…
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International Monetary Fund (IMF)
International Monetary Fund (IMF), United Nations (UN) specialized agency, founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity.
Egypt central bank says $57 bln cash flow into banks in 8 months – paper
Cash inflows into Egypt's banking system totalled more than $57 billion since Egypt floated its currency in early…
Beware growing risks to global growth: IMF warns G-20 nations:
Global growth should reach 3.5 percent of gross domestic product this year and the next, but leaders need to…
Hotels in Cairo thrive on the back of Egypt’s economic resurgence
Hotels in Cairo recorded a 42.4 percent year-on-year rise in profit per room this month as the city’s hoteliers…
Egypt’s foreign reserves hike to $31.305 billion at end-June
Egypt’s foreign reserves hiked to $31.305 billion at the end of June from $31.125 billion at the end of May, the…
Fuel price increase to add 3-4.5 percentage points to Egypt’s inflation: official
Egypt's inflation rate, which was around 30 percent in May, will increase by between 3 and 4.5 percentage points…
Disney removes ban on merchandise manufactured in Egypt
U.S. media and theme park empire Disney has lifted on July 1 a ban on having its merchandise manufactured in Egypt,…
IMF cuts forecast for US growth to 2.1% in blow to Trump tax plan
The International Monetary Fund said Tuesday it had cut its growth forecasts for the US economy to 2.1 percent in…
Egypt to pay $720 million to Paris Club next week
Egypt will pay back around $720 million to the Paris Club of creditor countries by next week, the central bank…
Moody’s: Egypt’s reviving tourism to prop up banking sector
A 51 percent year-on-year rise in tourist arrivals in the first quarter of 2017 is likely to prop up the banking…