Latest Economy News
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
Customs exchange rate to remain at EGP16 in December: Ministry of Finance
The customs exchange rate for US dollars is set to remain at…
Egyptians shift to poultry after unreasonable hike in meat, fish prices
Radical changes in the economic environment in Egypt that resulted from the…
Egyptian investment opportunities, challenges
Development, creating jobs are solution for terrorism, says Elsewedy
A Fine Bargain
Retail conglomerate Majid Al Futtaim’s $1.3bn investment plan in Egypt was announced…
Egypt, Turkey put aside differences to boost business relations
Plans to establish a new industrial zone in Egypt worth EGP 3bn
8.9% expected growth in investments in FY 18: FocusEconomics
The FocusEconomics Consensus Forecast expects total investments in Egypt to grow 8.9%…
Amer’s decisions will have positive effect on long term
Investors see that the liberalisation of the exchange rate of the Egyptian…