Moody’s Keeps Egypt Credit Rating at B2 Thanks to Economic Strength

Moody’s Investors Service has kept Egypt’s credit profile at “B2 stable,” with a stable outlook underpinned by the country's economic strength.

Egypt’s Annual Urban Inflation Rises to 3.6% in November

The Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that Egypt's annual urban consumer price inflation rate increased for the first time in five months to reach 3.6% in November from 3. ...

Hurghada, Cairo Among Most Visited Cities in 2018

London-based Euromonitor International said Egypt made a comeback on account of its tourism reform program, placing Cairo and Hurghada among the world's 100 most visited tourist cities in 2018.

Egypt’s GDP Reaches Highest Level Since 11 Yrs

Egypt’s gross domestic product (GDP) leaped by 5.6% in Q1 2019, registering the highest rate in 11 years, despite the slowdown in global economic growth, which reached 3.8% last year.

Egypt Decreases Period To Obtain Industrial License

The Egyptian government announces executive regulations for a new industrial licensing law to decrease the waiting time for new projects, Reuters reports.

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