Latest Economy News
Egypt’s foreign debt grows by $5.6bn at end of Q3 FY 2015/2016: CBE
The new figure marks an increase of $5.6bn (11.8%), the CBE reported
3.2% increase in monthly inflation in May: CAPMAS
Annual inflation rate rose to 12.9% in May compared to last year
BP announces new discovery in Egypt’s East Mediterranean
The discovery is located 12 kilometres from the shoreline
Al-Sisi’s government engineers bold reforms, more structural adjustment required: IMF
Foreign investors applaud removal of subsidies, VAT, liberalised exchange rate, investment and…
Al-Sisi fails to control price increases
During most of his speeches, Al-Sisi stressed to Egyptians that there would…
Economy, general budget are victims of corruption
The cost of corruption in Egypt amounts to EGP 900bn, according to…
Has Al-Sisi put Egypt’s economy on the right track?
On the occasion of Al-Sisi’s two-year anniversary as president, Daily News Egypt…
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…