The financial crisis is over and 2018 will see a boom, said Governor of the Central Bank …
currency
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Industry & Trade
Newly-discovered gas fields for around $3.6 bln yearly: Egypt’s Sisi
by Yomna Yasserby Yomna YasserEgyptian President Abdel Fattah al-Sisi said he expected that recently discovered gas fields would save Egypt about …
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forex news
Dollar falls broadly after Trump says currency getting too strong
by Yomna Yasserby Yomna YasserU.S. dollar prices slumped broadly on Thursday, falling to a five-month low against the yen, after American …
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forex news
Dollar at 5-month lows vs yen on rising geopolitical tensions
by Yomna Yasserby Yomna YasserDollar prices languished at a five-month low versus the yen early on Wednesday, as simmering geopolitical tensions …
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Egypt expects to see inflation fall to an average of 15.2 percent during the financial year 2017/2018, …
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Industry & Trade
Foreign direct investment in Egypt rises to $6.8bn during 2015/16
by Yomna Yasserby Yomna YasserThe net foreign direct investment in Egypt during the financial year 2015/2016 reached $6.8 billion, said International …
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Industry & Trade
Suez Canal’s revenues falls to $375.8 mln in Egypt last month
by Yomna Yasserby Yomna YasserEgypt’s revenues from Suez Canal trade recorded a three-year low in February 2017, registering $375.8 million, according …
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Banks
Egypt’s banks cleared to repatriate foreign firms’ long-held profits
by Yomna Yasserby Yomna YasserEgyptian banks are set to allocate about a quarter of their excess hard currency to foreign firms …
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Egypt News
Egypt delays fee hike for tourist entry visas to July- ministry
by Yomna Yasserby Yomna YasserEgypt is postponing a fee hike in tourist entry visas- a decision announced last week- until July, …
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Egypt News
Egypt continues to suffer from currency float consequences
by Yomna Yasserby Yomna YasserEguypt’s economy continues to suffer from the harsh consequences of the government’s reform programme. The liberalisation of …