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The Egyptian government aims during the current fiscal year to achieve a primary surplus of 1.5 percent of GDP, reduce the total deficit to 6.7 percent, and reach growth rates of 5.4 percent,…
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Alain Pilloux, vice president of the European Bank for Reconstruction and Development (EBRD) is visiting Egypt from October 17-20 for high-level meetings with government officials to discuss the…
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Remittances from Egyptian expatriates climbed 10.2 percent or $1.7 billion during the first seven months of 2021, recording $18.7 billion, compared to $17 billion during the same period of 2020,…
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Egypt’s annual headline urban inflation increased to 6.6% in September 2021 from 5.7% in August, driven by strong monthly dynamics as well as unfavourable base effects.
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Egypt’s balance of payments flipped to a surplus of USD 1.9 bn in the state fiscal year ending 30 June 2021, compared with a deficit of USD 8.6 bn in the previous fiscal year, when the early days of…
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Egypt's exports to Spain largely increased 69.1% to record €450.7 million in the first half of 2021 compared to €266.4 million during the same period in 2020, according a report on the Egyptian…
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Mashreq Bank Egypt has announced a strategic long-term partnership with Visa, the world’s leader in digital payments technology to support e-payments and provide digital solutions through the launch…
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The National Bank of Egypt (NBE) has managed to support a number of defaulting businesses and bring their economic activities back to life.
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Egypt's furniture exports rose by 19% year-on-year (YoY) to $161.413 million during the first eight months of 2021, compared to $136.154 million, according to local press.
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The European Bank for Reconstruction and Development (EBRD) is increasing economic opportunities in Egypt by collaborating with Hyundai Rotem to offer certified training to 80 unemployed young people.
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