Bloomberg

Egypt has world's highest interest rates as inflation slows down: Bloomberg

Tue, 11 Aug 2020 - 03:16 GMT

The American news agency stated that consumer prices in urban parts of Egypt grew at the slowest annual pace since November as the global pandemic weighed on demand and food costs declined.

Egyptian pound achieved great performance against USD compared to emerging markets – Bloomberg

Fri, 12 Jun 2020 - 07:30 GMT

The Egyptian pound has achieved a great performance against the US dollar since the beginning of 2020 compared to other emerging markets despite the coronavirus pandemic that is rocking the whole world, Bloomberg statistics noted on Thursday.

Bloomberg: Egyptian stocks rise most in world thanks to Sisi’s initiative

Mon, 23 Mar 2020 - 12:33 GMT

The EGX30 index climbed as much as 6.8 percent shortly after opening Monday in Cairo, extending a 5.9 percent increase in the previous session.

Bloomberg: Economic reforms in Egypt boosted banking sector

Wed, 05 Feb 2020 - 11:30 GMT

The nation’s central bank is no longer issuing licenses, making an acquisition the only way of gaining a foothold in the Middle East’s fastest growing economy.

Bloomberg: Decline in Egypt's inflation reflects gov't success in curbing prices hike

Thu, 09 Jan 2020 - 10:51 GMT

The central bank's monetary policy committee is expected to meet next week. The regulator cut rates four times in 2019.

Egypt remains ‘favorite’ for portfolio investors: Bloomberg

Tue, 24 Dec 2019 - 10:52 GMT

According to Bloomberg, Societe Generale SA forecasts that the currency will gain another 4.5 percent to 15.35 per dollar in 2020.

Inflation decline paves way to interest rates cut: Bloomberg

Tue, 10 Sep 2019 - 06:26 GMT

"The slowdown in inflation is a key gain for the bank," according to Bloomberg.

Bloomberg: Economic reforms turns Egypt into Middle East’s fastest-growing economy

Wed, 21 Aug 2019 - 02:08 GMT

The Egyptian pound’s current stability has combined with high interest rates to make the country a darling among bond investors hunting for yield.

Bloomberg predicts slight impact on Egypt's inflation rate after fuel price raise

Thu, 11 Jul 2019 - 03:31 GMT

CAPMAS said that the monthly rate decreased due to the decrease in prices of food by 2.3 percent last month in comparison to the previous month.

Egypt is moving forward to improve business environment: Min.

Tue, 16 Apr 2019 - 04:10 GMT

Egypt is moving forward with comprehensive institutional and legal reforms to improve the business environment, Minister of Investment Sahar Nasr told Bloomberg.

Sawiris brothers ranked among Bloomberg Billionaires Index

Thu, 28 Feb 2019 - 03:19 GMT

Nassef Sawiris is worth US 6.76 billion (115.78 billion), while was able to score spot number 230 all over the world, and Naguib Sawiris, with a US 5 billion (LE 87.72 billion) fortune, ranked 334.

Egypt seeks to raise longer-dated debt to 70% by 2022

Wed, 20 Feb 2019 - 12:19 GMT

We used to borrow to repay both maturing debt as well as to finance new debt,” Kojak said.

Egypt to float 95 gasoline to international prices in March: Bloomberg

Tue, 25 Dec 2018 - 01:15 GMT

“That grade of gasoline is one which is no longer subsidized. It also plans to announce the mechanism for the other grades in June, after lifting the subsidies, to implement the move in September."

At the end of November, I will announce a tourism reform program: Tourism Min.

Tue, 13 Nov 2018 - 04:16 GMT

“Egypt is offering new destinations for investments in the islands in the Red Sea and details regarding that will also be disclosed in due course.”

Egypt is a haven market for traders: Bloomberg

Fri, 17 Aug 2018 - 09:50 GMT

In light of volatile economies the world faces nowadays, Bloomberg reviewed Egypt's economy in a report, referring to it as the traders’ refuge from volatility.

Blowing Off steam

Sat, 30 Jun 2018 - 12:26 GMT

Almost 12.6 million Egyptians are smokers, making up 20.2 percent of the total population, according to CAPMAS.

Egypt's assets move forward in 2018 with structural reforms

Mon, 01 Jan 2018 - 08:44 GMT

Foreign holdings of treasury bills was about $19 billion as of the end of November.

Israel's oil shares decline as Egypt halts gas import in 2018

Fri, 17 Nov 2017 - 05:34 GMT

Israel's oil companies recorded sharp declines in shares after the Petroleum Minister stated that Egypt will stop importing liquid gas during 2018.

International donors finance Egypt’s solar power gig with $1.8B

Wed, 18 Oct 2017 - 09:58 GMT

These funds are pledged for the feed-in-tariff (FiT) scheme announced by the government in September 2014.

NBE 1st among African banks in marketing joint loans: Bloomberg

Tue, 10 Oct 2017 - 04:51 GMT

Bloomberg has classified the National Bank of Egypt as the best among African banks in marketing and arranging joint loans during the first three quarters of 2017.

More