Latest Economy News
Customs evasion on the rise
915 cases of customs evasion and violation between January and June
State employees’ wages increase by 10%
The cabinet will raise basic wages of state employees by 10% in…
Foreign currency reserves surge to $18.9bn in July
The current foreign reserves, necessary to import staples, primarily wheat, registered $14.9bn…
OCI deal pushes stock up
The EGX 30 index closed with a 1.5% surge at 5615.36 points…
Egypt’s Richest Men in 2013
According to Forbes’s world’s richest billionaires, in which Carlos Slim Helú came…
Six Gulf companies to be listed on the bourse
The listing of these companies will improve the quality of the performance…
Ministry of Finance to bolster farmers
The report revealed that public coffers allocated more than EGP 1bn to…
Abdel Nour: Urgent measures to resolve economic woes, investment challenges
The minister said such steps would spur development and industrial production, improve…
Syria’s Assad bans foreign currency transactions: SANA
"The Syrian lira is the only currency" allowed in business and commerce
Finance minister promises no new taxes
Galal announced that no property taxes or income taxes would be modified…