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Results for
egypt economy
212 Results-
Egypt’s interest rate cuts, easing inflation to support bank revenues: Moody’s
Egypt’s lower interest rates and easing inflation are set to encourage capital spending by businesses that have refrained from making such ... Economy -
Egypt said to sell stakes in five or six state companies by June 2020
Egypt will offer stakes in five or six state-owned enterprises by the end of June 2020 in an effort “to encourage the private sector and ... Economy -
Egypt’s annual headline inflation eases slightly to 14.2 percent in March
Egypt’s annual urban consumer price inflation eased to 14.2 percent in March from 14.4 percent in February, the state statistics agency CAPMAS ... Economy -
Egypt’s urban inflation jumps to 14.4 pct in February
Egypt’s annual urban consumer price inflation increased to 14.4 percent in February from 12.7 percent in January, the official statistics agency ... Economy -
Egypt’s short-term dollar debt drops to $14 billion: finance ministry
Egypt’s short-term dollar-denominated debt fell $3.25 billion to about $14 billion by the end of 2018, the deputy finance minister said on ... Economy -
Egypt seen holding key interest rates as inflation retreats
Egypt’s central bank is expected to keep key interest rates unchanged at its meeting on Thursday after inflation dropped back to within the ... Economy -
In Egypt, weddings get costlier as economic hardships deepen
Nadia Mohammad Salem started saving up for her wedding long before she got engaged. But getting married proved far more stressful than she’d ... Features -
Egypt’s annual urban consumer price inflation accelerates to 17.7 pct in October
Egypt’s annual urban consumer price inflation accelerated to 17.7 percent in October from 16.0 percent in September, the official statistics ... Economy -
Egypt reaches agreement with IMF on next $2 bln loan payment
Egypt has reached an agreement with the International Monetary Fund on release of the next $2 billion loan installment, the fifth under the ... Economy -
Egypt’s foreign inflows exceeded $120 bln since pound float
Egypt’s Central Bank Governor said foreign inflows have exceeded $120 billion since its pound currency was floated in November 2016, state ... Economy -
Egypt to keep customs exchange rate at 16 pounds in April
Egypt will keep its customs exchange rate steady at 16 pounds per dollar for April, state news agency MENA said on Saturday. Egypt began setting a ... Economy -
Surge in foreign fund inflows sets stage for Egyptian boom
Encouraged by Egypt’s economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly ... Economy -
Egypt 2017 trade deficit falls 26 percent year on year
Egypt's 2017 trade deficit fell 26 percent year on year by $12 billion, the trade ministry said on Monday. Imports declined in the first ... Economy -
Egypt repays $4 bln of debt to African Export-Import Bank
Egypt has paid back a total of $4 billion of its debts to the African Export-Import Bank, the central bank was reported as saying on Tuesday.The ... Banking & Finance -
In surprise move, Egypt central bank hikes key interest rates
Egypt’s central bank raised its key interest rates by 200 basis points on Sunday, citing stronger economic growth and falling unemployment, ... Economy -
Egypt’s economy shows positive signs but big risks remain
Egypt has many advantages that theoretically qualify it to become one of the most important economic success stories in the Middle East. These include ... Middle East -
‘We’re very poor,’ says Sisi: How did Egyptians react?
“So, nobody told you that you are extremely poor?” asked Egyptian President Abdel Fattah al-Sisi at the annual Youth Forum, held this year ... Features -
Naguib Sawiris to Al Arabiya: Bureaucracy obstacle to investment in Egypt
Sawiris also alluded to the present currency devaluation and increase of global fuel prices that have been other factors in the economic slowdown in Egypt. Economy -
Will floating Egypt’s currency boost its economy?
“It’s time to invest in Egypt” is the explicit message that the Egyptian government is attempting to send out to the world Middle East -
Egypt’s food shortage a bitter blow to all social classes
Complaints about a shortage of basic goods have been echoing across the country Features -
IMF approves $12 bln loan to support Egypt’s economy
The IMF executive board said it would release $2.75 billion to Egypt immediately, while further disbursements will depend on the country’s economic performance Economy -
In Egypt, there’s no such thing as a free lunch
The Egyptian government certainly does not want to face a crisis of shortages of subsidized items Middle East -
‘Spare some change’ for Egypt’s crumbling economy?
Several observers compared the initiative to previous ones launched by Sisi, arguing that none of them could save the Egyptian economy Features -
Egypt allegedly closes 48 forex bureaus in black market crackdown
Egypt’s central bank has closed 48 foreign exchange bureaus since the start of the year for trading at black market rates and other violations Financial Markets -
With freedom no longer the issue, what’s the biggest threat to Sisi?
If the economy does not recover soon, Sisi could follow his predecessors Middle East -
Hard times in Egypt stoke labor unrest as showdown lies ahead
Rising prices, low wages and delays in salaries and bonuses have workers vowing more strikes and protests Features -
Egypt central bank: $22 billion pumped to clear goods piled at ports
Egypt’s Central Bank Governor Tarek Amer said on Saturday that devaluing the Egyptian pound had attracted foreign investment worth $500 million Banking & Finance -
Saudi Arabia offers $1.5 bln to fund Egypt’s Sinai projects
Saudi Arabia also signed a separate five-year agreement to help Egypt finance its petrol needs Economy -
How Egypt is likely to mark January 25 this year
January 25 is as good as any date to look at what el-Sisi has achieved and what he has not over the years Middle East -
Egyptian pound steady at forex sale, on black market
Egypt’s central bank kept the pound steady against the dollar at its official foreign currency auction Business