economy

Egyptian contractors to build ministerial district in new capital after aborted Chinese deal
Egypt

Egyptian contractors to build ministerial district in new capital after aborted Chinese deal

Egypt's New Administrative Capital annulled its agreement with the China State Construction Engineering Cooperation (CSCEC) to build and finance the…
Egypt ranks 108 out of 176 on Transparency International’s Corruption Perceptions Index for 2016
Egypt

Egypt ranks 108 out of 176 on Transparency International’s Corruption Perceptions Index for 2016

Egypt ranked 108 on Transparency International’s Corruption Perceptions Index for 2016, according to a recently published report.“More countries declined than improved in…
Egypt is the cheapest place to get your Big Mac
Business

Egypt is the cheapest place to get your Big Mac

If you are a big fan of the ubiquitous double-decker burger, you should probably roll up your sleeves and give it a…
Egypt to consider yen, yuan bonds after dollar sale last week
Business

Egypt to consider yen, yuan bonds after dollar sale last week

Egypt may issue bonds in other international currencies, after successfully selling $4 billion of Eurobonds last week, Finance Minister Amr…
Egypt plans currency swap with Russia
Business

Egypt plans currency swap with Russia

The Egyptian government is considering signing a currency swap agreement with Russia, following in the footsteps of its agreement with…
Hermes projects US dollar at LE15 by the end of 2017
Business

Hermes projects US dollar at LE15 by the end of 2017

EFG Hermes investment bank is expecting improvement in the Egyptian pound exchange rate by the end of the current year…
Egypt’s economy to grow 3.9 percent in 2016/17, missing government target: poll
Business

Egypt’s economy to grow 3.9 percent in 2016/17, missing government target: poll

Egypt's economy will expand by 3.9 percent in the fiscal year ending in June, missing the government's target of around…
Moody’s expects 4% economic growth for Egypt in 2017
Business

Moody’s expects 4% economic growth for Egypt in 2017

Moody's Investor Service expects that Egypt's economy will grow by 4% in 2017, and the growth rate will increase 4.5%…
Egyptian importers face bankruptcy after currency float
Egypt

Egyptian importers face bankruptcy after currency float

Mohsen al-Gedamy has run a successful business for the past seven years importing beans, a staple food for many Egyptians,…
Egyptian pound approaches 20 to US dollar in banks
Business

Egyptian pound approaches 20 to US dollar in banks

The Egyptian pound depreciated further against the dollar in some banks mid-Tuesday, reaching a selling price of 19.75 compared to…
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