Latest Economy News
Upper Egypt will become poorer due to corruption: expert
Corruption creates poverty with Upper Egypt being the most affected
Poverty rate rises while solutions are lacking, low-income citizens in Upper Egypt, Sinai most affected: experts
The Central Agency for Public Mobilisation and Statistics (CAPMAS) announced that the…
The Economist article is void of objective analysis of Egypt’s economy: Foreign Affairs spokesperson
It is obvious that The Economist has chosen to take sides with…
Rise in electricity prices not related to IMF loan: Shaker
Electricity budget is marked at EGP 52bn for the fiscal year 2016/2017,…
Egypt pays $2.25bn of external debt in July: CBE
Foreign exchange reserves dropped $2bn in July, reaching lowest point since January…
The Economist’s biased reports will not affect IMF deal: economists
Al-Sisi has gone “beret in hand” to the IMF for a $12bn…
Egypt seeks to boost foreign direct investment
The government’s drive to boost foreign capital flows has moved forward with…
Egypt’s external debt to climb to 21.8% of GDP in 2020: FocusEconomics
US dollar exchange rate expected to increase to EGP 10.19 by the…
Egypt begins economic recovery
Despite the number of layoffs increasing, Egypt’s private sector experiences its smallest…
International pressure builds on Egypt to liberalise exchange rate
A floating exchange rate is likely in Egypt’s future due to pressure…