Latest Economy News
Wheat imported to cover domestic needs
120,000 tons of Romanian and Ukrainian wheat purchased
Gulf funds push foreign reserves to highest levels since November 2011
Egypt's net reserves reached $18.9bn in July, up $4bn from the month…
MENA has the highest unemployment rate
MENA had the highest unemployment rate of all regions in 2012, at…
Interim government aims to raise living standard
Bahaa El-Din said the new cabinet can’t perform major radical changes because…
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…