Egyptian economy
IMF approves US$5.2 billion loan for Egypt against COVID-19
Business
June 27, 2020
IMF approves US$5.2 billion loan for Egypt against COVID-19
The International Monetary Fund (IMF) approved on Friday a 12-month US$5.2 billion Stand-By Arrangement (SBA) loan for Egypt. The new…
Egypt’s central bank keeps key interest rates on hold – statement
Economy
June 26, 2020
Egypt’s central bank keeps key interest rates on hold – statement
CAIRO, June 25 (Reuters) — The Central Bank of Egypt (CBE) kept its main interest rates steady on Thursday, despite…
Egyptian economy’s growth rate falls to 4% during fiscal year 2020/21: Minister
Egypt
June 9, 2020
Egyptian economy’s growth rate falls to 4% during fiscal year 2020/21: Minister
The growth rate of the Egyptian economy decreased from six percent to four percent during fiscal year 2020/21, due to…
US Dollar exchange rates maintain prices against Egyptian pound due to declining imports
Business
May 10, 2020
US Dollar exchange rates maintain prices against Egyptian pound due to declining imports
US Dollar exchange rates will stabilize against the Egyptian pound due to a decline in demand and imports resulting from…
Gold prices in Egypt rise by LE5, 21-karat gold now worth LE745
Egypt
May 2, 2020
Gold prices in Egypt rise by LE5, 21-karat gold now worth LE745
Gold prices in the Egyptian market rose by about five LE on Saturday compared to Friday. The price of 21-karat…
Egypt to allocate 20 bln Egyptian pounds to support bourse
Business
March 22, 2020
Egypt to allocate 20 bln Egyptian pounds to support bourse
Egypt will allocate 20 billion Egyptian pounds ($1.27 billion) to support the stock exchange, President Abdel Fattah al-Sisi said on…
Egypt’s unemployment rate rises to 8% in the last quarter of 2019
Egypt
February 16, 2020
Egypt’s unemployment rate rises to 8% in the last quarter of 2019
Egypt’s unemployment rate increased by 0.2 percent in the fourth quarter of 2019, rising to eight percent compared to 7.8…
US Dollar maintains stable prices against Egypt Pound: CBE
Egypt
November 24, 2019
US Dollar maintains stable prices against Egypt Pound: CBE
US dollar exchange rates maintained stable prices against the Egyptian pound on Sunday in several banks, falling by over LE1.75…
Unemployment rate increases by 0.3% in Q3: CAPMAS
Egypt
November 15, 2019
Unemployment rate increases by 0.3% in Q3: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) said that the unemployment rate in Egypt increased 0.3 percent during…
Unemployment rate in Egypt at its lowest in 30 years: Infographics
Business
October 27, 2019
Unemployment rate in Egypt at its lowest in 30 years: Infographics
The unemployment rate in Egypt reached its lowest level in 30 years, at 7.5 percent in the second quarter of…