Latest Economy News
We annually invest about $17bn in region: WB’s vice president for Africa
African countries recommended to heavily invest in infrastructure, energy, ICT
Egyptians bought five tonnes of gold jewellery within three months: World Gold Council’s report
Iran, Turkey leading decline in jewellery demand in Middle East, states report
Fund project growth to reach 6%, unemployment rate, inflation to fall to 7%: IMF’s senior resident representative to Egypt
Strong private sector essential for job creation, this requires improving business environment,…
Customs dollar set at EGP 16 in August: finance minister
Capital Economics expects customs dollar to rise to EGP 19 by year…
EGP 324.4 spending on subsidy in FY 2017/2018
The spending on subsidy in state budget reached EGP 324.4 in fiscal…
$17.5bn foreign investments in debt instruments by the end of June
$3-4bn the volume of foreign investments exit in Egypt’s debt instruments during…
EGP 157bn increase in tax revenues in FY 2017/2018: Finance Minister
Decrease in budget deficit to reach 9.8% in FY2017/2018 compared to 10.9%…
In light of IMF’s third review report, analysts recommend authorities to boost Egyptian exports, refraining risks
Exports are projected to reach $53.1bn in current FY 2018/2019
GlassRock investments reached $63m by end of 2017
Company produces 50,000 tonnes per year, supplies insulation materials for 20 building…
Nasr negotiates with WB to expedite $500m social housing fund
Reports emerge that Egypt requests $2bn from WB
