Economy

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  • Category : Economy
  • Sisi hails cooperation with German firms on mega projects in Egypt

    Date: 2018-08-06 16:42:37 GMT - Egypt - Economy - SN:5 - ID:7521813

    President Abdel Fattah El Sisi met Monday with the Chairman of German Herrenknecht company Martin Herrenknecht in the presence of Transport Minister Hisham Arafat, Head of the Egyptian Armed Forces Engineering Authority Kamel el Wazir and assistant ....

  • IMF: Egypt overcame most difficult stage of economic reform

    Date: 2018-08-04 21:02:30 GMT - Egypt - Economy - SN:10 - ID:7518893

    Egypt has overcame the toughest phase in its economic reform program, International Monetary Fund (IMF) Executive Director Hazem Beblawi said, adding the next stage will be easier. On the sidelines of a reception held for participants in the ....

  • Dollar exchange rate down at major Egyptian banks

    Date: 2018-08-01 11:11:31 GMT - Egypt - Economy - SN:4 - ID:7514104

    The exchange rate of the US dollar went back during morning transactions at major banks on Wednesday. The dollar exchange rate went back one piaster to stand d at EGP 17.77 for buying and EGP 17.87 for selling at Banque Misr. The rate stood at ....

  • British trade envoy hails economic reforms in Egypt

    Date: 2018-07-30 11:30:41 GMT - Egypt - Economy - SN:1 - ID:7511200

    British Trade Envoy to Egypt Jeffrey Donaldson hailed the economic reforms being carried out by the Egyptian government. During a meeting Monday with a number of Egyptian reporters on the fringe of his current visit to Cairo, he said Britain will ....

  • Finance min.: Political leadership 'backbone' of economic reform policies

    Date: 2018-07-27 18:14:06 GMT - Egypt - Economy - SN:5 - ID:7507714

    Finance Minister Mohamed Maait said that the political leadership fully backs economic reform policies aiming at restoring higher economic growth rates. In a statement on Friday, the finance minister said that President Abdel Fattah El Sisi ....

  • Bourse loses over EGP 12 bln

    Date: 2018-07-25 18:18:36 GMT - Egypt - Economy - SN:11 - ID:7505034

    The Egyptian Exchange indexes posted collective losses at the close of Wednesday's trading on the back of selling operations by Arab and foreign foreign funds and institutions while the Egyptian investors tended to purchase. The market capital ....

  • Bourse gains EGP 8.4 bln, all indexes up

    Date: 2018-07-24 14:53:09 GMT - Egypt - Economy - SN:19 - ID:7503163

    The Egyptian Exchange indexes posted collective gains at the close of Tuesday's trading, backed by purchases by local and Arab institutions and investment funds. The market capital gained EGP 8.4 billion to reach EGP 872.1 billion, after ....

  • Dollar prices stable at major Egyptian banks

    Date: 2018-07-24 11:45:33 GMT - Egypt - Economy - SN:13 - ID:7502771

    The exchange rate of the US dollar was relatively stable during morning transactions on Tuesday at major banks. The dollar exchange rate settled at EGP 17.78 for buying and EGP 17.88 for selling at the National Bank of Egypt and Banque ....

  • industry min: Gov't to up VAT on Egyptian products

    Date: 2018-07-22 12:31:58 GMT - Egypt - Economy - SN:6 - ID:7500154

    The government works on upping value added tax (VAT) on Egyptian products and banning exportation of raw materials except after going into the manufacturing process, the trade and industry minister said. Amr Nassar made the remarks during an ....

  • US delegation to visit Egypt in October for investment opportunities

    Date: 2018-07-22 10:07:27 GMT - Egypt - Economy - SN:3 - ID:7499804

    The American Chamber of Commerce has confirmed that an investment delegation from large American companies will visit Egypt in October to get acquainted with promising investment opportunities in various fields. During a meeting organized by ....

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