Latest Economy News
Egypt current account hits surplus in first quarter
Reuters - Egypt's current account recorded a surplus of $757 million between July…
Egyptian pound down at Forex sale for second time in two days
Two market participants said the dollar was offered for 7.42 pounds in…
Central Bank of Egypt cuts key interest rates
Reuters - Egypt's central bank cut its key interest rates by 50 basis points…
Egyptian Pound strengthens slightly at Dollar sale
The central bank said it sold $38.8 million to banks at its…
Ashton and Bahaa El-Din sign EUR 90m assistance package
EU foreign policy chief concerned over security forces dispersal of protests and…
EBRD steps up lending to Arab states hit by unrest
The European Bank for Reconstruction and Development has expanded its mandate in…
Egyptian Pound strengthens at Dollar sale
Reuters - Egypt's pound gained slightly at a central bank foreign- currency sale…
S&P raises Egypt sovereign credit rating to B- from CCC+
Reuters - Standard & Poor's Ratings has raised its long and short-term…
Egypt has the potential to become a powerful economy: World Bank Vice-President
Vice-President for the MENA region visits Egypt for the first time since…
Arab Spring economies hit by uncertainty: IMF
The economies of Arab countries rocked by the uprisings that swept the…