Pound Flotation

IMF sees confidence returning in Egypt’s economy

Tue, 23 Jan 2018 - 02:15 GMT

The fund forecasts Egypt economy to expand further to 4.8 percent in 2017/18 and to 6 percent in the medium term.

Pound flotation was inevitable: WB Vice President

Sun, 19 Nov 2017 - 07:17 GMT

The floatation of the Egyptian pound was an inevitable measure, World Bank First Vice President Mahmoud Mohieddin said on Sunday.

Remittances soar 40% in August: CBE

Sun, 08 Oct 2017 - 12:52 GMT

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 tools for renewable energy booming: Minister

Sun, 08 Oct 2017 - 12:29 GMT

Egypt has the needed land plots and regulations to achieve a boom in the renewable energy industry, Minister of Environment Khaled Fahmy stated.

Germany willing to support Egypt's renewable: Hergenrother

Sun, 08 Oct 2017 - 10:35 GMT

Germany finds Egypt to be the most important partner for mechanical engineering and machinery.

‘Unjustifiable’ rate hike to weigh on budget shortfall

Mon, 10 Jul 2017 - 07:41 GMT

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.

CBE hikes interest rates 2% to curb soaring inflation

Thu, 06 Jul 2017 - 08:30 GMT

The Central Bank of Egypt (CBE) unexpectedly decided Thursday to raise interest rates by 200 basis points (two percent)

CBE expected to keep interest rates on hold despite subsidy cut

Thu, 06 Jul 2017 - 01:50 GMT

The Central Bank of Egypt (CBE) is scheduled to consider interest rates today

Delivering natural gas to houses faces difficulties: Source

Sun, 11 Jun 2017 - 11:41 GMT

The national project for the delivery of natural gas to homes faces major difficulties that may hinder companies from completing this year's task.

Occupancy rates in Cairo in Q1 2017 is 10-year high: Colliers

Sun, 28 May 2017 - 01:05 GMT

Hotel occupancy rates in Cairo have recorded the highest level since 2007 in the first quarter of 2017.