News
-
Exchange rate to balance in Q4 of 2017
US dollar in 2017 will range from EGP 16-18, likely to close year at EGP 16.5-17.
-
Egypt considering temporary stamp duty on stock market deals
The IMF agreement revealed that Egypt had committed to imposing either a capital gains tax or a stamp duty on stock market transactions by 2017/18.
-
Egypt’s economy is on the right track
Foreign investment of $15bn over next three years: Khorshid.
-
Future of Egypt’s automotive market is uncertain
50% decline in sales over the past three months, says Merchants.
-
Egypt fixes customs dollar exchange rate to help importers
The Finance Ministry fixed the customs exchange rate at 18.5 pounds per dollar until the end of February and said it will review the rate each month.
-
IMF to release staff report on Egypt's $12 bln loan agreement
The IMF deal was approved by the cabinet on 11 January, but is yet to be approved by parliament.
-
Egypt’s economy to grow 3.9% in 2016-17, missing government target
The poll predicts economic growth will slow in the fiscal year starting in July to 3.5% but pick up again in 2018/19 to reach 4.0%.
-
Egyptians among top investors in Dubai property market
In 2016, 1,364 Egyptian investors spent LE13 billion on real estate in Dubai, comparing to LE14 billion.
-
Sisi demands tight control on drug market
Sisi said that the government has rejected proposals to increase prices of all drugs with no exceptions.
-
GSMA celebrates 4G launch in Egypt
All four operators in African country signed up to 4G licenses after years of negotiations with the Egyptian government.
-
Ministry of Investment forms committee to study amendments to Capital Market Law
Examinations, proposals and community dialogues will be held by the new committee to ease investments.
-
Iraq to provide Egypt with first petroleum shipment in days
Iraqi Ambassador Habib El-Sadr praised Egypt's support for Iraq's counter-terrorism efforts and the strategic relations between the 2 countries.
-
Russian experts arrive in Egypt to inspect airports
The experts will examine security control systems installed at the airports of Sharm el-Sheikh and Hurghada.
-
Egypt's Sisi meets with 27 regional, global investment funds
the President met with representatives of regional and global funds to stress the government's efforts to overcome obstacles and encourage investments
-
Egypt appoints new head of agriculture quarantine
The new head, Najla Mousa Balabel will head the body that caused controversy last year when it tightened import regulations on a common wheat fungus.
-
Net foreign exchange reserves increase to $24.265bn
This means that the CBE has neared its target of foreign exchange reserves estimated at $25bn.
-
Return of Russian Tourism 'Will Give Strong Impetus' to Egypt's Economy
Russian tourists returning to Egypt after a year's pause will provide a significant boost to the country's economy.
-
Senior 'Economist' analyst expects Egyptian pound value to rise by 14%
12 currencies from a total of 60 currencies in the world will rise against the dollar this year, the luckiest of which would be the Egyptian pound.
-
Egypt approves bankruptcy law to spur investment
The law aims to minimize the need for companies or individuals to resort to the courts and will simplify post-bankruptcy procedures.
-
Egypt’s non-oil business activity continues to shrink
Inflation caused purchase costs to rise at a near-record pace.New orders dropped at slower pace of 38 points compared with 36.3 in November.