Egypt’s Foreign Reserves Reach USD 44.5 bn in October: CBE

The Central Bank of Egypt (CBE) announced on November 5 that the country's foreign currency reserves continued its upward trend and increased by USD 44.501 bn at the end of October, a bit higher than USD 44.459 bn ...

Egypt’s Economy Grows 5.3% in Q1 FY2018/19

Egypt's economy grew by about 5.3% YoY during the first quarter of the FY 2018/19, with gas, telecommunication, and construction sectors, as well as revenues from the Suez Canal, mainly contributing to such growth ...

IMF Agrees on USD 2 bn Disbursement to Egypt

The International Monetary Fund (IMF) said on October 31 it had reached a staff-level agreement with Egypt to disburse another USD 2 bn in funds, bringing the total disbursements under the program to nearly USD 10 ...

Egypt to Receive 4th Tranche of IMF Loan July-End

Minister of Finance Mohamed Moeet has revealed that Egypt is set to receive the fourth tranche of the International Monetary Fund's (IMF) loan package by the end of July 2018

First Phase of New Administrative Capital Inaugurated

The long-awaited New Administrative Capital has come to light with President Abdel Fattah El Sisi inaugurating its first phase late October

IMF Predicts Egypt’s Inflation to Fall This Year

The International Monetary Fund IMF predicts Egypt's inflation to drop during the second quarter of 2017, state owned news portal, Ahram Online reported

Cityscape: Egypt to Boost Investment Climate in 2017

As Cityscape gears up to launch in March 2017, the annual regional real estate conference emphasizes Egypt’s role in reforming its economy through its real estate market, Daily News Egypt

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