Latest Economy News
CBE postpones decision regarding EGP interest rate to negotiate with coordination council
The Monetary Policy Committee’s (MPC) meeting took three hours Thursday and ended…
World Bank agrees on $3bn loan to support Egypt’s economic development
World Bank (WB) agreed to give Egypt a $3bn loan to support…
Coordinating council for monetary policies held its first meeting
Council reviewed current situation of state general budget
Government expands ministers’ authorities in direct assignment operations
The cabinet approved in its weekly meeting Wednesday new modifications in the…
US Federal Reserve raises interest rates on dollar to 0.5%
The US Federal Reserve raised the interest rates on the dollar with…
Cabinet approves business in existing private free zone, declines establishing new ones
Giving license to established projects requiring heavy energy is not allowed except…
Government eyes 9.5% budget deficit, 5.5% economic growth
FY 2016/2017 draft budget will be the first discussed by parliament in…
Government did not yet determine VAT rate, execution depends on political leadership: Head of ETA
The burden on citizens will not increase after tax application
Oriental weavers facing challenges of local currency and Euro depreciation: Khamis
Political and economic turbulences in some export countries reduced exports’ revenues, company…
34.5% increase in public revenues during July, August: Ministry of Finance
Spending on public investment amounted to EGP 3.3bn, with an increase rate…