Slashing subsidies without improving public services eliminates middle class: MPs, economists
Government will reduce fuel subsidies next fiscal year to EGP 89bn from EGP 110bn this year, while electricity subsidies trimmed from EGP 30bn to EGP 16bn
Planning committee demands Finance Ministry increase education, health allocations in next FY budget: deputy head
Allocations of education, health, research sectors to reach EGP 177bn next year: EGP 115.6bn for Education, Higher Education Ministries, EGP 61.8bn for Health Ministry
Egypt’s inflation rates in numbers
Maximum inflation rate will reach 13% by end-2018, inflation will witness large decrease by end-2019, says CBE governor Monthly headline inflation registered negative 0.1% and negative 0.2% in January 2018…
Ideally, CBE should not intervene to influence exchange rate: HC Brokerage chief economist
HC Brokerage agrees with the Central Bank of Egypt (CBE)’s governor, Tarek Amer, that exchange rate volatility is normal, and that it should be widely accepted by all, including consumers…
Egypt achieving great development through strong, bold economic decisions: IMF
We will intervene in exchange rate market if prices become within unacceptable ranges, says CBE governor
Cannes Film Festival kicks off with Oscar-winning Iranian director Asghar Farhadi’s film
Countering harassment, heavy Arabic presence, return of filmmaking legends mark 71st edition
Trump to pull US out of Iran nuclear deal: NYT
US President Donald Trump told his French counterpart Emmanuel Macron that he will pull the US out of the Iran nuclear deal, the New York Times reported on Monday, citing…
Egypt has resources to be strong world trade competitor: Swiss ambassador
Foreign investors will not tolerate bureaucracy, Egypt has taken effective measures to tackle corruption, says Sabbour
Education minister puts off applying controversial education system to next year
‘Our children’s education is red line,’ parents say at demonstration to reject ‘curriculum Arabisation’
Al-Sisi meets Ugandan president in Cairo
Joint ministerial commission between both countries concluded on Monday