Egypt’s annual headline inflation rate plummeted to 4.8% in September, compared to 7.5% a month ago, and remained almost stationary on a month-on-month basis, easing to its lowest hit since November 2012 and chart ...
The Central Bank of Egypt (CBE) made the second consecutive cut to key rates by 1% (100 bps), driven by the declining inflation rates, which hit a six-year low in August, alongside the falling unemployment and soa ...
Egypt’s annual headline inflation rate fell to a six-and-a-half-year low in August, registering 7.5% from 8.7% in July, opening the way for further rate cuts by the Central Bank of Egypt (CBE).
The Central Bank of Egypt (CBE) has revealed that nearly USD 53 mn were added up to the country's net foreign reserves in August, logging USD 44.969 bn from USD 44.917 bn in the previous month.
Moody's Investors Service has kept Egypt's credit profile at "B2 stable," reflecting concerns over the government’s weak, but gradually improving, finances and fiscal metrics, which shall boost annual growth to 6% ...
Egypt will launch an electronic platform for investors to buy industrial plots soon, amid efforts to promote transparency and fair competition within the sector, while promoting and making use of the available lan ...
Egypt’s Planning Minister Hala El-Saeed said the government has allocated investments totaled at EGP 15.4 bn for the local development program in FY 2019/20.
The Central Bank of Egypt (CBE) said remittances of Egyptian expatriates, one of the country’s main sources of foreign currency, leaped to almost USD 3 (EGP 49.7) bn in May, up 43% from USD 2.1 (EGP 34.8) bn a mon ...
President Abdel-Fattah El-Sisi mandated on August 15 the launching of a government portal for the unified industrial investment map by next month, in line with the state's efforts to promote the Egyptian industria ...
Egypt’s annual headline inflation rate had fallen to a four-year low, dipping to 8.7% in July from 9.4% a month earlier, despite the fresh round of subsidy cuts that pushed domestic fuel prices up by 16-30%.
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