Pound Flotation
The fund forecasts Egypt economy to expand further to 4.8 percent in 2017/18 and to 6 percent in the medium term.
The floatation of the Egyptian pound was an inevitable measure, World Bank First Vice President Mahmoud Mohieddin said on Sunday.
International remittances of Egyptian workers abroad hiked 40 percent in August, to record $1.7 billion, up from $1.2 billion in the same month a year earlier.
Egypt has the needed land plots and regulations to achieve a boom in the renewable energy industry, Minister of Environment Khaled Fahmy stated.
Germany finds Egypt to be the most important partner for mechanical engineering and machinery.
The Central Bank of Egypt’s (CBE) unexpected decision to hike key policy rates is “unjustifiable” and will add more pressure on the state budget.
The Central Bank of Egypt (CBE) unexpectedly decided Thursday to raise interest rates by 200 basis points (two percent)
The Central Bank of Egypt (CBE) is scheduled to consider interest rates today
The national project for the delivery of natural gas to homes faces major difficulties that may hinder companies from completing this year's task.
Hotel occupancy rates in Cairo have recorded the highest level since 2007 in the first quarter of 2017.
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