economy

Egypt is an important country for Romania in MENA: Romanian Ambassador

Tue, 01 Dec 2020 - 01:27 GMT

In his statements to MENA, Stuparu added that political dialogue between the two countries helps enhance bilateral relations.

Egypt, World Bank discuss cooperation

Wed, 25 Nov 2020 - 01:19 GMT

Gamea said that Egypt achieved progress in the field of economic reform which helped boost the status of the Egyptian economy on the international economic map.

Resolving investor issues, promoting state projects main tasks of General Authority for Investment

Sun, 22 Nov 2020 - 02:33 GMT

The two most important tasks of the General Authority for Investment and Free Zones (GAFI) are resolving all issues faced by investors as well as promoting and marketing projects executed by the state, Prime Minister Mostafa Madbouly told GAFI's head Mohamed Abdel Wahab.

Egyptian-brokered framework deal signed for boosting Africa's oil investments: Mulla

Fri, 20 Nov 2020 - 12:17 GMT

This came after a month-long partnership negotiations that kicked off under Egypt’s sponsorship.

Egypt targets slashing budget deficit to 6.5% in FY 2021/22, says ministry

Tue, 17 Nov 2020 - 01:53 GMT

In the coming years, the government aims to continue slashing the debt of the State's general budget bodies from 87 percent of GDP in June 2020 to about 77 percent of GDP by June 2024, it said.

Finance ministry: 2021-2022 balance sheet focuses on investing in humans

Tue, 17 Nov 2020 - 01:48 GMT

The ministry said the coming four years will focus on investing in humans.

Video: IDSC releases report on int'l assessment of Egypt performance in 2020

Sun, 15 Nov 2020 - 03:48 GMT

The report also focused on international forecasts for Egypt in the coming stage.

US Dollar down 40 piasters against Egyptian pound in YTD

Fri, 13 Nov 2020 - 10:55 GMT

The dollar price dropped from EGP 15.99 for buying and EGP 16.09 for selling on January 1 to EGP 15.59 for buying and 15.69 for selling by the end of this week.

Forum on banking industry, future of financial services kicks off in Egypt's Sharm El Sheikh

Fri, 13 Nov 2020 - 09:32 GMT

Held under the auspices of the Central Bank of Egypt (CBE), the three-day event is organized by the Union of Arab Banks (UAB).

UAE to import chicks, hatching eggs from Egypt- minister

Fri, 13 Nov 2020 - 09:29 GMT

In a letter received by the Agriculture Ministry, the UAE Ministry of Climate Change and Environment notified Egypt of its approval for beginning the imports.

Russia develops 2-year plan to manage COVID-19 fallout: Ambassador

Thu, 12 Nov 2020 - 09:58 GMT

The plan aims to boost economy and support people.

Trade min. urges Arab, European states to drum up efforts for economic stability

Wed, 11 Nov 2020 - 03:40 GMT

Gamea said the Arab countries passed through hard circumstances over the past 10 years that affected their economic conditions in addition to the coronavirus crisis which swept the whole world.

Performance of Egyptian economy exceeded int'l institutions expectations: Finance Min.

Wed, 11 Nov 2020 - 11:07 GMT

Maait added Wednesday that the fruitful economic reforms have given the Egyptian economy a measure of resilience in facing internal and external challenges.

Economic reforms helped Egypt's to confront COVID-19 shock: World Bank

Tue, 10 Nov 2020 - 04:38 GMT

The report added that average real growth has remained positive during FY2019/20 and foreign reserves continue to be rather ample.

Egypt’s annual inflation records 4.6% in October, rises 2.3% monthly

Tue, 10 Nov 2020 - 08:43 GMT

On a monthly basis, inflation recorded 109.9 points in October 2020, marking an increase of 2.3 percent compared to September 2020,

Egypt seeks to increase economic cooperation with COMESA

Sun, 08 Nov 2020 - 12:13 GMT

The expanded meeting, held via video conference, was attended by Assistant Foreign Minister for Foreign Affairs Tarek Shalabi and head of Trade Representation Authority Ahmed Maghawri.

Egypt wins international arbitration against two Spanish companies demanding €236m compensation

Thu, 05 Nov 2020 - 02:56 GMT

It is another victory achieved by the State Lawsuits Authority in international arbitration cases.

Trade volume bet. Egypt, Britain records £1.2B in 8 months: EBCC Chairman Ian Gray to ET

Thu, 05 Nov 2020 - 01:02 GMT

"The total trade volume between Egypt and Britain has steadily increased over the last few years and crossed the £2 billion in 2019."

Egypt's PMI records strongest rate since 2014

Tue, 03 Nov 2020 - 10:54 GMT

According to the latest PMI survey data, the Egyptian non-oil private sector economy grew at the strongest rate since the end of 2014 during October.

Egypt's Finance minister: State keen to support industrial sector

Fri, 23 Oct 2020 - 01:21 GMT

This should be achieved in a way that helps maximize the production capacities, expand the export base, and improve the competitiveness of the Egyptian products at the international market, he added.

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