Latest in Tag: Egypt Highlight

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Latest in Tag: Egypt


IMF executive directors welcome Egypt’s economic reform policies.(AFP Photo)

IMF-backed reform programme is Egypt’s best shot but poses high potential risk: FocusEconomics

November was a month of interesting developments for Egypt, from the Central Bank of Egypt’s (CBE) decision to float the national currency, to the International Monetary Fund’s (IMF) approval of the $12bn loan, a correction of external balances, and an expected soaring fiscal deficit. According to FocusEconomics Consensus Forecast for the Middle East and North …

Mohamed Samir

Egypt’s population will reach 90 million people at 9:55pm on Sunday according to the state’s Central Agency for Public Mobilisation and Statistics (CAPMAS).

Congratulations, we have 2 million newborn Egyptians every year

The Central Agency for Public Mobilization and Statistics (CAPMAS) has announced that the population of Egyptians inside Egypt reached 92 million on Thursday at 8:00pm. CAPMAS stressed on 5 June that the population reached 91 million, which means that the recent increase has taken place in less than six months. It is worth mentioning that …

Moataz Bellah Abdel-Fattah

us-dollar-currency-forecast-10

Dollar climbs to EGP 18 at banks on Monday

The US dollar climbed to EGP 18 on Monday at banks operating in Egypt. The average rate for the dollar at most banks on Monday registered EGP 17.55 to buy and EGP 17.95 to sell. HSBC Bank was offering to sell US dollars at EGP 18. The dollar has been gaining ground against the Egyptian …

Daily News Egypt

imports, exports

13.9% increase in value of Egyptian imports from East Asian countries in 2015

The Central Agency for Public Mobilization and Statistics (CAPMAS) recently issued its annual bulletin of trade exchange between Egypt and East Asian countries for 2015, including export and import statistics from Malaysia, China, India, Japan, Indonesia, Pakistan and South Korea The total value of imports from East Asian countries reached EGP 151.6bn in 2015 versus …

Hossam Mounir

alexandria port

Alexandria, Damietta, Red Sea ports pay EGP 439m in taxes

A number of public sector companies and bodies affiliated to the state paid more than EGP 951m in taxes for fiscal year (FY) 2015/2016. The companies submitted their tax declaration during the past period after the end of the specified time, ending on 31 April of each year, based on the fact that their fiscal …

Ahmed Farahat

ARCO

ARCO announces launch of Oriental Bay Resort Jabbal El Rosas

Al Arabia Real Estate (ARCO) announced on Thursday the launch of the Oriental Bay Resort Jabbal El Rosas project, located on the Red Sea coast in the city of Marsa Allam. The project will occupy 650,000 sqm, have a panoramic view of the area and include various forms of beachside entertainment. Being located in what …

Daily News Egypt