economy
Egypt’s foreign reserves jump to $36.7 bln in October, highest in history
Economy
November 6, 2017
Egypt’s foreign reserves jump to $36.7 bln in October, highest in history
Egypt recorded its highest level of foreign reserves in its history, Egypt’s Central Bank announced on Sunday, climbing from $36.535 billion at…
Is Egypt reaching its aspired economic goals 1 year after the currency float?
Features/Interviews
November 3, 2017
Is Egypt reaching its aspired economic goals 1 year after the currency float?
One year after Egypt took the dramatic step of floating its pound, inflation is still taking its toll on the…
Marsa Alam airport receives first YanAir flight from Ukraine
Economy
October 30, 2017
Marsa Alam airport receives first YanAir flight from Ukraine
Correction: Name of the airliner was changed to YanAir, from RyanAir. Marsa Alam airport received the first YanAir flight out of…
Inaugural flights land at Sphinx International Airport in Giza next summer
Egypt
October 29, 2017
Inaugural flights land at Sphinx International Airport in Giza next summer
Flights will begin to land at Sphinx International Airport in Giza in the summer of 2018, Sherif Fathy, Civil Aviation…
Alcohol to be banned in NEOM: Saudi Crown Prince
Egypt
October 27, 2017
Alcohol to be banned in NEOM: Saudi Crown Prince
Following his declaration of plans to establish a new zone known as NEOM in the kingdom’s northwest region that would…
ENPPI would be first company to go on IPOs program
Egypt
September 26, 2017
ENPPI would be first company to go on IPOs program
The Egyptian government is in meetings on Tuesday to discuss the details of putting ENPPI company up for an initial…
Suez Canal revenues up by 5.1% in a year to August
Egypt
September 21, 2017
Suez Canal revenues up by 5.1% in a year to August
Head of the General Authority for the Suez Canal Economic Zone (SCZone) Mohab Mamish said Thursday that the global trade…
US dollar price stable on Wednesday trading
Egypt
September 20, 2017
US dollar price stable on Wednesday trading
The US dollar exchange rate was stable against the Egyptian pound at the beginning of Wednesday morning trading at banks…
Egypt to build first industrial city, stretching over 33mm square meters
Egypt
September 19, 2017
Egypt to build first industrial city, stretching over 33mm square meters
Egypt singed an agreement with Singapore on Tuesday to establish the first industrial city, located north of Fayoum governorate, stretching over…
Egypt’s trade deficit drops by 50.4% in June
Business
September 18, 2017
Egypt’s trade deficit drops by 50.4% in June
Egypt’s trade deficit dropped to $1.82 billion during June, compared to $3.66 billion during the same month of last year,…