Latest Economy News
MPs expect debt repayment allocations to soar to EGP 400bn by fiscal year’s end
Flotation of the Egyptian pound is a bitter medicine, says MP Khalil
CBE poses exceptional tender for $100m
The tender will cover open currency positions in foreign currency at banks
EGX boosted to its highest record in 19 months
This comes after the CBE decided to liberalise the exchange rate of…
Floating the Egyptian pound is an excellent step: Naguib Sawiris
Sawiris called on the Egyptian people to support the CBE's decision
CBE floats Egyptian pound, raises interest by 3%
The CBE decided on Thursday to let banks in the market set…
Indian Tea Delegation visits Egypt to enhance trade relations
The delegation participated in an interactive session with the supply minister, Indian…
CBE consideres obliging banks to not accept foreign currency from anonymous sources
The move aims to lay siege to the informal market and crack…
Dollar crisis and low FDI are the major challenges facing Egypt’s economy: Garhy
Egypt loses EGP 36bn annually due to the smuggling of textiles
Dollar crisis threatens Eastern Tobacco Company’s production
The Eastern Tobacco Company is facing a hard time obtaining foreign currency…
Giza Chamber of Commerce rejects cabinet decision to form profit margin committee
For Egypt’s economy, which is a free market economy, forcing compulsory quotations…
