Latest Economy News
The diesel crisis: Petroleum minister’s words versus reality
Crisis due to high levels of smuggling and not a shortage in…
Egyptian exports grow 12% in January
Egyptian export growth enhances competitiveness of Egyptian products and goods in foreign…
Egypt hit with price hikes and rising inflation
Inflation rises 1.8% as Egyptians struggle to make ends meet
Egypt at risk of further credit rate downgrading
Fitch Ratings: Egypt is not expected to receive the IMF loan unless…
Second container terminal in Ain Sokhna Port ready by end of month
EGP 5bn worth of investments will be used to construct the terminal
IMF loan will not be included in next year’s budget
Budget will not take into account the loan or other international aid…
Government to switch to open source
Decision motivated by need to reduce government technological expenses and software imports
Sinai Development Agency proposes land sales to Egyptians expats
The Sinai Development Agency is considering a plan to sell land in…
