Latest Economy News
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…
Egyptians’ support for IMF loan connected to their understanding of economic reform programme: El-Erian
International economic expert Mohamed El-Erian said that Egypt’s success in handling the…
Egypt’s foreign debt in FY 2015/2016 increases by $7.7bn: CBE
The CBE announced on its website that the size of foreign debt…
Prime Minister reveals source of additional $3bn in foreign exchange reserves in September
Egypt received $2bn from Saudi Arabia and $1bn from the World Bank
IMF must evaluate Egypt’s reforms before releasing loan’s 2nd tranche: Lagarde
“The IMF needs to evaluate the economic reforms of the Egyptian government,” said…
Increase of oil prices, costs reduction will stabilise global integrated oil and gas business: Moody’s
In terms of debt and its impact on companies’ credit profiles, the…
CBE pledges to provide US dollars to import basic commodities for 6 months
The money will be used to import 200,000 tonnes of oil, 60,000…
