Latest Economy News
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…
Egypt’s PMI declines in August
FocusEconomics forecasts 5.2% increase in total investments in FY 2016/2017
Egypt hits one year of recession
New report finds that downturn in Egypt’s business activity is still linked…
Russia lifts restrictions on import of Egyptian agricultural products
Annual Egyptian agricultural products exported to Russia amount to $350m, says Minister…
Flotation of Egyptian pound wanted in the long-term: Trade and Industry Minister
Kabil’s comments came during the 2016 Euromoney conference being held in Cairo