Latest Economy News
Dollar crisis threatens Eastern Tobacco Company’s production
The Eastern Tobacco Company is facing a hard time obtaining foreign currency…
Giza Chamber of Commerce rejects cabinet decision to form profit margin committee
For Egypt’s economy, which is a free market economy, forcing compulsory quotations…
Egyptians’ support for IMF loan connected to their understanding of economic reform programme: El-Erian
International economic expert Mohamed El-Erian said that Egypt’s success in handling the…
Egypt’s foreign debt in FY 2015/2016 increases by $7.7bn: CBE
The CBE announced on its website that the size of foreign debt…
Prime Minister reveals source of additional $3bn in foreign exchange reserves in September
Egypt received $2bn from Saudi Arabia and $1bn from the World Bank
IMF must evaluate Egypt’s reforms before releasing loan’s 2nd tranche: Lagarde
“The IMF needs to evaluate the economic reforms of the Egyptian government,” said…
Increase of oil prices, costs reduction will stabilise global integrated oil and gas business: Moody’s
In terms of debt and its impact on companies’ credit profiles, the…
CBE pledges to provide US dollars to import basic commodities for 6 months
The money will be used to import 200,000 tonnes of oil, 60,000…
Egypt’s PMI declines in August
FocusEconomics forecasts 5.2% increase in total investments in FY 2016/2017
Egypt hits one year of recession
New report finds that downturn in Egypt’s business activity is still linked…
