Foreign Investors are net buyers at LE 21.98B on EGX since flotation

Thu, 03 Jan 2019 - 02:48 GMT

Farid said in a news conference Thursday that foreign purchases amounted to LE 2.04 billion during the period from September 2014 to October 2016.

Egypt's economy to grow 5.2% in FY 2018-19: economists

Wed, 25 Jul 2018 - 01:54 GMT

The Reuters poll of 13 economists put expected growth at an average of 5.2 percent for the 2018/19 fiscal year, below a government projection of 5.8 percent.

The Race Against Aging

Fri, 18 May 2018 - 10:00 GMT

More Egyptians are turning to Botox and fillers to take a few years off their age. Egypt Today sits down with experts to further understand the industry.

Mane Attraction

Thu, 17 May 2018 - 10:00 GMT

Leading experts weigh in on the hairdressing business in Egypt; reflecting on what it takes to succeed and the industry’s pitfalls post-float.

On the Pulse

Wed, 16 May 2018 - 10:00 GMT

Skyrocketing prices have led to practitioners buying cheaper devices and spare parts or manipulating the pulse width and duration.

Egypt to stimulate private sector’s investments: HC

Mon, 07 May 2018 - 01:21 GMT

HC also expects the interest rate to be decreased by 800 basis points during 2018/2019, with an average rate of inflation that amounts to 13 percent.

IMF delegation to visit Egypt next week for program’s review

Wed, 02 May 2018 - 12:12 GMT

An International Monetary Fund (IMF) delegation will arrive in Cairo next week to review Egypt’s progress on economic reforms.

Egypt keeps custom dollars at LE 16 in May

Sun, 29 Apr 2018 - 10:43 GMT

Egypt kept the customs dollars at its current rate of LE 16 to the dollar for the month of May.

Exchange rate floating attracts $80B to banks in Egypt

Sun, 29 Apr 2018 - 10:03 GMT

Cash flow to banks in Egypt has increased since the exchange rate liberation to $80 billion.

Egypt’s annual inflation drops to 13.1% in March

Tue, 10 Apr 2018 - 08:37 GMT

On a monthly basis, inflation increased 1 percent in March to record 269.8 points.

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.

Engineering Export Council" targets $3.2 exports in 2018

Fri, 30 Mar 2018 - 08:19 GMT

Egypt’s exports of engineering industries are expected to surge to $3.2 by the end of this year, up from  $2.6 billion in 2017

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.

Egypt keeps custom dollars at LE 16 in April

Wed, 28 Mar 2018 - 01:39 GMT

Egypt kept the customs dollars at its current rate of LE 16 to the dollar for April, the Ministry of Finance said Wednesday.

Tourists visiting Egypt to reach 12M in 2018: Travco Chairman

Sat, 10 Mar 2018 - 02:30 GMT

Tourist flows to Egypt will see an increase of 40-50 percent year-on-year in the 2018/19 season, Hamed el-Chiaty, Chairman of Travco Group said Saturday.

Egypt’s annual inflation falls to 14.3% in February

Thu, 08 Mar 2018 - 08:53 GMT

On a monthly basis, inflation increased 0.3 percent in February to record 267 points, compared to 266.3 points in January.

CBE issues biggest auction on Variable Rate Deposit Wednesday

Wed, 28 Feb 2018 - 01:46 GMT

Egypt’s central bank issued Wednesday its biggest Egyptian Pound Variable Rate Deposit Auction since adopting such tool in November 2016.

Egypt's inflation predicted to slip 10-13% by year-end: Finance Min.

Sat, 10 Feb 2018 - 11:06 GMT

Egypt’s inflation is predicted to drop to 10 to 13 percent by the end of the year, Finance Minister Amr el-Garhy said Saturday.

Foreign investment in Egypt’s T-bills soars to $20.3B since float: Min.

Sat, 10 Feb 2018 - 10:51 GMT

Foreigners have invested around $20.3 billion in Egyptian debt instruments since the Egyptian pound flotation in November 2016 and until February this year.

Egypt’s exports reach $2B in November 2017: Source

Wed, 07 Feb 2018 - 03:19 GMT

Egypt’s exports stood at $2.23 billion in November 2017, a source at Central Agency for Public Mobilization and Statistics said Wednesday.