Monetary Policy Committee keeps interest rates the same for the ninth time since February last year
Latest by Mohamed Salah
Head of exchange companies section at the ECC accuses the CBE of being the real reason behind the dollar shortage in the market
There has been no indication from the Egyptian government when gas supplies will return to normal levels
The index started the day at 5.688 down one point from Sunday; it rose to 5.702 points before starting the downward trend to close the day at 5.608 points, failing to stay above the 5.700 points level.
In 2012 the number of Egyptians online reached 31 million, or 38 per cent of the population. 45 per cent of those were connected through portable devices.
Ahmed Galal, the managing director of the Economic Research Forum (ERF), gives his diagnosis of the Egyptian economy based on his field expertise.
The government is in the process of updating the economic plan it presented to the International Monetary Fund (IMF) in an attempt to secure the $4.8 billion loan desperately sought by Egypt. “One part is to see, go back and revisit those measures that they had put on hold, which they need to reinstate” and …
Prominent economists gave their diagnosis of Egyptian economy and cast their predictions for 2013 at a media roundtable at the AUC
The energy issue is of major importance for the Egyptian economy and while a potential source of crises it also offers a lot of opportunities.
The strategy of the World Bank in the region consists of strengthening governance, creating jobs especially for women and youth, accelerating sustainable growth and ensuring economic and social inclusion.
The sovereign sukuk law is intended to organise the financing of the government, state budget, national projects and public institutions. It was released by the government but opposed by Al-Azhar and Islamic parties.
The benchmark index, EGX 30, started the week at 5.734 points to reach a two month high of 5.867 points, before falling to 5.755 points at the end of the week.
Governor of Cairo outlined the city’s investment potential in tourism and industry, highlighting a number of projects available with land secured for use under Build Operate Transfer (BOT) and Public Private Partnership (PPP) models
During his recent visit to Cairo, the director of the Middle East and Central Asia Department of the International Monetary Fund (IMF), Masood Ahmed, held meetings with numerous political figures
The sovereign sukuk law released by the government is intended to organise the financing of the government, state budget, national projects and public institutions.
The recurrent rise in the dollar’s exchange rate reflected on the price of imported goods such as steel, sugar and wheat and risks of triggering an inflationary wave
This loan will be a certificate of trust for the Egyptian economy, it proves that Egypt can repay its loans, so they can seek more loans
Last week, the market suffered dollar scarcity which handicapped importation, and frustrated dollar-seeking clients
The Central Bank reaffirmed its commitment to pay the instalments and interest of foreign debts
The governor of the Central Bank of Egypt (CBE) Farouk Al-Oqda denied tendering his resignation after attending the cabinet’s economic committee meeting Sunday. Rumours concerning the resignation of Al-Oqda spread after President Morsy’s meeting with Hisham Ramez, deputy governor of the CBE. State TV reported Saturday that Al-Oqda resigned and that he will be replaced …
Gulf investors show interest in the Egyptian market despite political turmoil
Report shows a drop in confidence in economic policies
French Development Agency seeks to support the sectors of employment and the private sector in Egypt
Analysts say that a “Yes” vote on the constitutional referendum would positively influence the Egyptian stock market
The company’s gold shipment to the Netherlands has cleared customs
Exporters see an opportunity while importers see disaster in devaluation of currency
President Morsy will issue a declaration in a few days to amend 2 articles of the presidential decree number 64 for 2004 governing the Central Bank of Egypt, according to state-owned Al-Ahram. The cabinet has already approved the modification to the law that was issued by the Supreme Council of Armed Forces (SCAF) last year. …
The International Monetary Fund said that Egypt had asked to delay its request for a $4.8 billion loan agreed in November as violent protests mount in Cairo ahead of a referendum on the constitution
Raise reportedly due mainly to political tension
Economic slowdown and low purchasing power curbed price increase