Latest Economy News
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…
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