Latest Economy News
Public debt inflates by EGP 1tr to reach EGP 2.8tr during Al-Sisi’s presidency
Acute shortage of resources would push debt to record further increases in…
Banking sector provides $33.7bn to cover needs of state, importers in 7 months: CBE’s Governor
Amer demonstrates with Al-Sisi the CBE’s efforts to support foreign exchange reserves…
Tourism awaiting recovery after a two-year decline
Tourism revenue declined from $7.3bn in 2014 to $6.1bn in 2015 after…
Egypt’s trade deficit declined by 22% in February: CAPMAS
Egypt’s trade deficit declined by about 22% in February 2016 compared to…
9.1% increase in average weekly wages for workers in 2015: CAPMAS
Average weekly wage for male employees in public sector is EGP 1,042…
New wells tested by Eni in the Noras field: chief exploration officer
Data from west of Abo Madi revealed that there may be a…
Egyptian imports decline by 27% in January and February
Egypt's recorded US$1.891bn in non-oil exports, an increase of 4%
Saudi officials meet with Saudi, Egyptian businessmen
A Saudi-Egyptian forum to take place on Saturday
Balance of Payments overall deficit rose to $ 3.4bn during six month of FY 2015/2016
Net inflows of foreign direct investment in Egypt rose from $ 2.6bn…
Moody’s praises CBE pound devaluation
Flexible exchange rate can offset some major challenges, Moody’s says