Latest Economy News
Egypt annual inflation rate falls to 26.7%
The annual inflation rate in Egypt fell in November to 26.7%, down…
Misr Financial Leasing does EGP 400m business in 6 months
Capital to increase to EGP 100m, says El Maghraby
Out of a $3bn total, Nasr signs 3rd tranche of World Bank loan worth $1.15bn
Sahar Nasr, minister of Investment and International Cooperation, signed the third tranche…
Budget deficit records 2% in Q1 FY 2017/2018
The total deficit of the Egyptian public budget during the first quarter…
IMF calls on Egyptian government to reconsider application of capital gains
The International Monetary Fund (IMF) mission called on the Ministry of Finance…
High-level forum by EBRD, FAO, World Bank discusses Egypt’s food sector
Egyptian government keen on creating appropriate investment environment to attract more local,…
Vernbro Global launches Downtown Delta project with total investment of EGP 6bn
Project is set to create 50,000 jobs, serve 42 million people
World Bank to disburse 3rd part of loan this month
The Egyptian government will receive the third portion—worth $1bn—of the World Bank…
Wheat reserves at all-time high: Minister of Supply Ali Moselhy
Reserves adequate for 4.3 months, until end of April