Bloomberg
Billionaire Sawiris to invest in Venezuela right after Maduro’s exit
Business
February 13, 2019
Billionaire Sawiris to invest in Venezuela right after Maduro’s exit
Egyptian billionaire Naguib Sawiris declared his desire to invest in Venezuela once President Nicolas Maduro leaves his office, during a television…
Egypt Sees More Pound Volatility After Repatriation Fund Ends
Economy
January 23, 2019
Egypt Sees More Pound Volatility After Repatriation Fund Ends
Written by Mirette Magdy Egypt’s stagnant exchange rate is likely to see more movement after a system that…
Egypt witnesses “steep rebound” in tourism industry: Bloomberg report
Travel
November 11, 2018
Egypt witnesses “steep rebound” in tourism industry: Bloomberg report
Egyptian tourism has been witnessing a strong improvement recently as recorded by several international organizations such as the United…
Egypt is now a ‘haven’ for debt investors: Bloomberg
Business
August 16, 2018
Egypt is now a ‘haven’ for debt investors: Bloomberg
Egypt has turned into a “haven” for debt investors in the region in the period since it floated its pound…
Egypt’s foreign direct investment rises 15%: Nasr to Bloomberg
Egypt
April 26, 2018
Egypt’s foreign direct investment rises 15%: Nasr to Bloomberg
Egypt’s Investment Minister Sahar Nasr told Bloomberg in a video interview aired Wednesday that the focus of the investment side…
Egypt’s economic reforms begin to bear fruit: Bloomberg
Economy
April 6, 2018
Egypt’s economic reforms begin to bear fruit: Bloomberg
The economic reforms in Egypt are starting to bear fruit, with the domestic deficit shrinking by 67 percent in the…
Days of Egyptian pound’s stagnation numbered: Bloomberg
Business
February 27, 2018
Days of Egyptian pound’s stagnation numbered: Bloomberg
Financial news website Bloomberg reported on Monday that the days of the stagnation of the Egyptian pound may be numbered,…
Egypt tourism revenue bounces back after crippling dollar shortage: Bloomberg
Economy
August 16, 2017
Egypt tourism revenue bounces back after crippling dollar shortage: Bloomberg
Egypt’s tourism revenues rose to $1.5 billion in the fourth quarter of 2017, up from $510 million in the same…
Bloomberg says foreign currency crisis starting to ease
Business
May 11, 2017
Bloomberg says foreign currency crisis starting to ease
Bloomberg said the lifting of restrictions imposed on the customers’ credit card purchases overseas is an indication that the foreign currency crisis…
US dollar bond yields jump in Egypt: Bloomberg
Business
May 8, 2017
US dollar bond yields jump in Egypt: Bloomberg
The US dollar bond yields in Egypt have jumped this year, causing the cost of borrowing to reach its lowest…