Economy

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  • Dollar price stable at major banks during morning trading

    Dollar price stable at major banks during morning trading

    Date: 2018-04-24 12:17:21 GMT - Egypt - Economy - SN:16 - ID:7367364

    The US dollar exchange rate was stable at major banks during morning trading on Tuesday. The dollar rate stood at EGP 17.57 for buying and EGP 17.67 for selling at the National Bank of Egypt and Banque Misr. At Alexandria Bank and the Arab ....

  • Egypt's economic reform program made progress: IMF official

    Egypt's economic reform program made progress: IMF official

    Date: 2018-04-20 19:40:07 GMT - USA - Economy - SN:16 - ID:7361206

    Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) Jihad Azour said the Egyptian government's economic reform program has made progress and measures taken by Cairo were successful. During a press ....

  • Trade exchange between Egypt, EU hits €28 bln in 2017

    Trade exchange between Egypt, EU hits €28 bln in 2017

    Date: 2018-04-20 11:46:52 GMT - Egypt - Economy - SN:5 - ID:7360478

    The volume of trade exchange between Egypt and the EU countries registered €28 billion in 2017, up from €27.3 billion a year earlier, Minister of Trade and Industry Tareq Qabil said in a statement Friday. This increase was a result of the huge ....

  • Dollar rate stable at major banks

    Dollar rate stable at major banks

    Date: 2018-04-19 12:42:54 GMT - Egypt - Economy - SN:13 - ID:7358920

    The US dollar exchange rate was stable at major banks on Thursday. The dollar rate stood at EGP 17.57 for buying and EGP 17.67 for selling at the National Bank of Egypt and Banque Misr. At Banque du Caire and Abu Dhabi Islamic Bank, the rate ....

  • Oil Minister confers with top officials of Shell, Edison companies

    Oil Minister confers with top officials of Shell, Edison companies

    Date: 2018-04-19 11:30:03 GMT - Egypt - Economy - SN:10 - ID:7358733

    Minister of Petroleum Tarek el Mullah on Thursday conferred with Deputy Chief Executive Officer (CEO) of Shell International Petroleum Company Sami Iskander and Chairman of Shell Egypt Company Gasser Hantar on the work schedule of a Mediterranean ....

  • Garhy: New budget targets 5.8% economic growth,  9.7% unemployment rate

    Garhy: New budget targets 5.8% economic growth, 9.7% unemployment rate

    Date: 2018-04-19 10:31:31 GMT - USA - Economy - SN:7 - ID:7358577

    Finance Minister Amr el Garhy said the International Monetary Fund (IMF) forecasts for Egypt's economic growth rate hit 5.2 percent in the current fiscal year, expecting the rate to reach 5.8 percent in the coming budget of the Egyptian ....

  • Egypt owns needed criteria to be regional hub for oil, gas trading

    Egypt owns needed criteria to be regional hub for oil, gas trading

    Date: 2018-04-17 12:08:55 GMT - Egypt - Economy - SN:17 - ID:7355231

    Petroleum Minister Tareq el Mulla asserted that, in addition to its unique strategic location, Egypt owns all criteria enabling it to be a regional hub for oil and gas trading, with the aim to make the best use of the resources available in the ....

  • Tourism min. discusses means of boosting cooperation in tourism with Italy

    Tourism min. discusses means of boosting cooperation in tourism with Italy

    Date: 2018-04-17 11:00:44 GMT - Egypt - Economy - SN:16 - ID:7355045

    Minister of Tourism Rania al Mashaat on Tuesday stressed the strong ties between Egypt and Italy in various fields including the tourism sector. This came during the minister's meeting with Italian Ambassador to Egypt Giampaolo Cantini as they ....

  • Egypt's real GDP to grow by 5 pct in FY18 - WB

    Egypt's real GDP to grow by 5 pct in FY18 - WB

    Date: 2018-04-17 07:09:27 GMT - USA - Economy - SN:4 - ID:7354560

    The World Bank (WB) on Monday raised its forecast for the growth rate of the Egyptian economy to grow 5 percent in the 2017/2018 fiscal year from 4.9 percent in its latest report on the Middle East and North Africa. "As reform momentum is ....

  • ILO: Egypt pioneer in economic development, proceeding on right track

    ILO: Egypt pioneer in economic development, proceeding on right track

    Date: 2018-04-16 12:46:42 GMT - Egypt - Economy - SN:11 - ID:7353500

    International Labor Organization (ILO) Cairo Office director Peter Van Rooij said Egypt has become one of the pioneering countries in economic development by its declaration of the 2030 Strategy. Rooji, speaking at the 4th annual conference of ....

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