Saturday, 20 April 2024

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Recent News

  • Inflation rate rises by 0.3% in February: CAPMAS

    00:48 | 9/3/18
    Egypt Independent
    The annual inflation rate recorded 14.3 percent in February, compared to 31.7 percent in February 2017. The decrease was boosted by the flotation of the Egyptian pound by the end of 2016. The price of food and drink increased in February by 0.8 percent ... more»

  • Egypt's Ministry of Finance Denies Reports of Dollar Exchange Rate Increase ...

    23:12 | 7/3/18
    Egyptian Streets
    Since then, the cost of living has soared affecting the living condition of Egyptians. Before the devaluation of the Egyptian pound, about 40 percent of the population has been living under poverty line. Reports by the National Research and Statistics ... more»

  • Price hikes alone won't fix Egypt's ailing rail system

    06:26 | 5/3/18
    Al-Monitor
    The National Railways Authority has incurred losses of 1 million Egyptian pounds (roughly $57,000) annually, largely because of rising fuel prices. more»

  • Days of Egyptian pound's stagnation numbered: Bloomberg

    01:56 | 28/2/18
    Egypt Independent
    Financial news website Bloomberg reported on Monday that the days of the stagnation of the Egyptian pound may be numbered, explaining that “foreign holders of Egypt's local debt have been using the open currency market more frequently to get dollars ... more»

  • Majid Al Futtaim to open 100 additional Carrefour stores in Egypt

    02:41 | 20/2/18
    The National
    The company has signed a “cooperation protocol agreement” with the Egyptian investment ministry and the National Service Projects Organization, an affiliate of the country's armed forces to open new stores in industrial zones across various ... more»

  • Egypt's social safety net: Protecting the poor

    22:56 | 16/2/18
    Ahram Online
    In a bid to mitigate the negative impacts of its economic reform programme on some of the poorest segments of Egypt's population, the government has been investing in building and strengthening the social safety net that targets the poorest households ... more»

  • NBE, Banque Misr stop 20% savings certificates

    11:07 | 16/2/18
    Egypttoday
    CAIRO - 16 February 2018: The National Bank of Egypt (NBE) announced that it stopped on Thursday issuing its 18-month platinum savings certificate with 20% annual return rate, while the current certificate holders will continue to receive the same ... more»

  • Egypt: $2.6bn remittances received from expats in December

    03:48 | 13/2/18
    Middle East Monitor
    Egypt's Central Bank (CBE) said yesterday that the volume of remittances from Egyptians working abroad increased by 29.3 per cent year-on-year to reach $2.6 billion in December last year. more»

  • Egypt's non-oil business sector activity stabilises in Jan - PMI

    17:18 | 5/2/18
    Reuters Africa
    The pound lost half its value after the float. Non-oil business activity grew for the first time in 25 months in November, with a similar survey attributing the growth to the IMF-linked reforms. more»

  • Silver linings in Middle East's turmoil

    10:45 | 5/2/18
    Daily Times
    Under the Sisi regime, which includes the Saudi backed Salafists, the people of Egypt have been subjected to severe political and socioeconomic repression. more»
Global Indices
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