Rana Mohamed

Addressing Parliament, Garhy speaks on subsidies, taxes, deficit

Tue, 08 May 2018 - 02:52 GMT

The Finance Minister addressed on Tuesday a general session at the parliament to discuss the final account of the state budget for fiscal year 2016/17.

Emirates NBD PMI for Egypt edges up to 50.1 in April

Thu, 03 May 2018 - 11:57 GMT

Egypt’s Emirates NBD Purchasing Managers’ Index (PMI) edged up from 49.2 in March to 50.1 in April, leaving it just above the 50-mark.

2nd phase of Zohr gas field to be completed before year-end

Sun, 29 Apr 2018 - 04:37 GMT

The second phase of Egypt’s giant Zohr gas field will be completed before year-end and will add around two billion cubic feet per day to production.

Sisi praises social protection system, aspires for more ‘Aman’ issuance

Sun, 29 Apr 2018 - 11:29 GMT

President Abdel-Fatah al-Sisi said that he was “delighted” with the implementation of a social protection system that covers the poor and the needy.

Egypt’s dates exports rise 70% in Q1 of 2018

Tue, 24 Apr 2018 - 12:08 GMT

Egypt’s exports of dates increased 70% in the first quarter, reaching 30,000 tons at a value of $29.4 million, Trade Minister Tarek Kabil said on Tuesday.

CEC’s first trade mission to West Africa kicks off Wednesday

Wed, 11 Apr 2018 - 12:18 GMT

The Chemicals and Fertilizers Export Council’s (CEC) first trade mission to West Africa’s Ghana kicked off on Wednesday with the participation of 13 companies.

Brazilian trade delegation to visit Egypt next week

Tue, 10 Apr 2018 - 02:58 GMT

A Brazilian trade delegation will arrive in Cairo next week to discuss ways of boosting commercial relations between Egypt and Brazil.

State IPO program aims to invigorate stock market: PM

Sun, 08 Apr 2018 - 02:41 GMT

PM Ismail said the program does not aim to lay off workers but seeks to support the companies' capabilities to grow.

Egypt to set up logistics center in West Africa to boost exports

Wed, 04 Apr 2018 - 11:01 GMT

Egypt is studying the establishment of a logistics center in Ghana or Côte d'Ivoire to boost Egyptian exports to West Africa, Trade Minister Tarek Kabil said.

CBE to keep auctions on Variable Rate Deposit: Beltone

Sun, 01 Apr 2018 - 02:52 GMT

The CBE has started auctions on the Variable Rate Deposits following the flotation of the Egyptian pound in November 2016 in a bid to curb inflation.

Cairo sees the execution of 190 projects under ‘Mashrouak’ initiative for SMEs

Sun, 01 Apr 2018 - 12:25 GMT

Some 190 projects were executed under the Mashrouak initiative in Cairo governorate, with a cost of LE 14 million, Governor of Cairo said Sunday.

CBE expected to cut interest rates Thursday

Thu, 29 Mar 2018 - 08:00 GMT

The Central Bank of Egypt is expected to cut interest rates in today’s Monetary Policy Committee (MPC) meeting.

Africa’s Continental Free Trade Area: Challenges and opportunities

Tue, 27 Mar 2018 - 01:36 GMT

A recent study by UNCTAD reviews the benefits and challenges of the Continental Free Trade Area, the pan-African trade liberalization agreement.

Egypt’s economy: The way forward after elections

Wed, 21 Mar 2018 - 06:17 GMT

Assuming the election passes smoothly, Egypt should enjoy an upturn in growth over the next 2-3 years, a report by Capital Economic said.

African free trade deal set to unite, integrate African states

Wed, 21 Mar 2018 - 02:48 GMT

The agreement would consolidate a market of 1.2 billion people and a gross domestic product of $2.5 trillion.

A look into Egypt-EU thriving trade relations

Tue, 20 Mar 2018 - 12:25 GMT

Egypt’s exports to the European Union (EU) increased 24 percent year-on-year in the first 11 months of 2017, reaching €7.5 billion.

EMRA receives $14.4M in revenues from Sukari mine in January

Sun, 18 Mar 2018 - 02:12 GMT

The Egyptian Mineral Resource Authority (EMRA) has received around $14.4 million in revenues from the Sukari gold mine in January 2018.

Egypt, UAE agree to boost investment, commercial ties

Sat, 17 Mar 2018 - 02:12 GMT

The UAE was the biggest country importing from Egypt in 2017, with Egyptian exports to the Gulf country standing at $2.5 billion.

Egypt executes 3,195 projects with LE 667B in 4 years

Wed, 14 Mar 2018 - 12:47 GMT

Works are currently underway to finish 1,229 projects, with a cost of LE 1.5 trillion, presidential aide for national projects Ibrahim Mahlab said.

Finance Min. to complete budget automation in March

Tue, 13 Mar 2018 - 11:13 GMT

The Finance Ministry will finish automating the budget and establishing the Treasury Single Account (TSA) banking system at the CBE this month.