Latest Economy News
Information Technology growth goal
Minister of Communications Atif Halmi says government seeks 10% growth in IT…
Egypt’s top companies: the Power 34
Forbes Middle East published its Power 500 list, giving an account of…
New real estate construction in 6th of October City
Wadi El Nile Company for Agricultural Development to begin real estate project…
French oil company buys Shell’s fuel network in Egypt
The details of the transaction and its price have not been disclosed.
Qatar gas deal postponed
Natural gas import agreement between Egypt and Qatar delayed because of “unresolved…
Egyptian pound slumps to seven against US dollar
Egypt’s currency continues to devalue despite attempts by Central Bank to slow…
IMF: Tax reforms to increase Egypt’s GDP by 0.75%
The IMF expected Egypt’s GDP to grow 2% over the next year…
Finance minister requests aid from Saudi Arabia
Egypt asks for $500m in aid from Saudi Arabia to support its…
Egyptian foreign debt increases by $8bn
Internal debts hit an alarming EGP 1.4tn, equivalent to about $200bn.