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News about Egyptian economy
News
After customs exemption, how much gold did Egypt receive in a month?
This comes after the implementation of Egyptian Prime Minister Mostafa Madbouly's decision to waive customs duty and other non-value added charges, in a way...
Middle East
How is Egypt coping with the scarcity of dollar liquidity?
Despite the delay in the disbursement of a large dollar resource represented in the second tranche of the IMF loan, which was due...
Africa
Where are red meat prices going in Egypt ahead of Eid al-Adha?
The price of fresh red meat in the market varies between 300 and 400 pounds, depending on the cut. While the Egyptian...
Asia
Egypt intends to put it in China. What are Panda Bonds?
These bonds, offered by issuers outside China and sold on the Chinese market in yuan, come with a partial guarantee to Egypt by...
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News
Despite growing pressures, Egypt’s economy is expected to grow by 3-4% in 2022-2023
On the other hand, agreements for the sale of certain public assets held by public and sovereign parties have been halted, given the...
Asia
What are the “Panda” bonds that Egypt intends to offer at the beginning of the year?
These bonds, offered by issuers outside China and sold on the Chinese market in yuan, come with a partial guarantee to Egypt by...
News
Telecom Egypt’s $130m Q1 profit
According to the company's statement, total consolidated revenue was £14 billion, achieving 48% growth over the same period a year earlier, driven by...
News
Egypt.. Steady steps to maximize tourism revenue to $30 billion
And according to Egyptian Finance Minister Dr Mohamed Maait's statements yesterday, the sector is expected to achieve record revenues this year amounting to 14...
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News
Egypt’s unemployment rate slowed to 7.1% in the first quarter
The unemployment rate in the third quarter of last year was 7.4%.
The number of unemployed fell in the first quarter of this year to...
Middle East
The Egyptian government confirms… that the problem with the supply of foreign currency is “temporary”
Al-Said said, in a press conference after a meeting of the Egyptian Council of Ministers, commenting on the measures taken by the Egyptian government...
News
Because of the exchange rate.. Egypt extends work to amend its accounting standards
The new decision allows companies to carry out an optional and temporary accounting treatment to cope with the effects of changes in exchange rates...
Europe
“Citigroup” reduces the possibility of an imminent devaluation of the Egyptian pound
The bank attributed the expectations to the fact that another sharp devaluation of the pound before the end of Egypt's fiscal year, which ends...
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