With the Africa Cup of Nations (AFCON) football tournament kicking off in Cairo tomorrow, it is not only the sport's fans that are elated that the tournament is being held in Egypt. So is the country's tourism sector in the hope that the competition (...)
With the Africa Cup of Nations (AFCON) football tournament kicking off in Cairo tomorrow, it is not only the sport's fans that are elated that the tournament is being held in Egypt. So is the country's tourism sector in the hope that the competition (...)
Since the beginning of the year, the US dollar has been taking a plunge, with the buying price at most of Egypt's banks hovering around LE16.99.
The trend was not anticipated by economic experts, who nevertheless believe that the dollar's journey (...)
Egypt is making new efforts to promote tourism on the international stage by partnering with the US channel CNN to launch a global tourism campaign and making a series of documentaries on Egypt's archaeological wonders with an Italian media group, (...)
Egypt is making new efforts to promote tourism on the international stage by partnering with the US channel CNN to launch a global tourism campaign and making a series of documentaries on Egypt's archaeological wonders with an Italian media group, (...)
Since the beginning of the year, the US dollar has been taking a plunge, with the buying price at most of Egypt's banks hovering around LE16.99.
The trend was not anticipated by economic experts, who nevertheless believe that the dollar's journey (...)
Banque du Caire has announced it will offer a portion of its shares for sale on the stock market. The offering will take place before the end of the year and is expected to garner between $300 and $400 million.
The bank, owned by Banque Misr, the (...)
The Suez Canal city of Port Said will be the first in Egypt to witness the implementation of the government's new e-payment act, effective on 1 May, that regulates cashless payments and assists the country on its journey towards digital (...)
The International Monetary Fund (IMF) released its fourth review of Egypt's economy on 6 April as part of the economic reform programme carried out as a condition of an extended loan of $12 billion.
The report, the fifth and final one being due (...)
The International Monetary Fund (IMF) released its fourth review of Egypt's economy on 6 April as part of the economic reform programme carried out as a condition of an extended loan of $12 billion.
The report, the fifth and final one being due (...)
Egypt's draft budget for 2019-20 is with the House of Representatives, the lower house of the country's parliament, for approval after having passed cabinet scrutiny. The House has three months to deliberate on the document before it is signed into (...)
To the delight of pensioners, President Abdel-Fattah Al-Sisi ordered the Ministry of Social Solidarity last week to withdraw its appeal against a High Administrative Court ruling issued in February on the right of pensioners to receive annual (...)
The government's strategy to lower Egypt's public debt to 80 per cent of gross domestic product (GDP) by 2022 has now started, after the country's domestic and foreign public debt stood at around 97 per cent of GDP in June 2018.
Two key components (...)
The Egyptian Stock Exchange last week saw the sale of 4.5 per cent of Eastern Tobacco, a publicly owned cigarette and tobacco company, or the equivalent of around one million shares, in the first sale of any public-sector company shares for many (...)
Egypt's real-estate market is in a slump. People's purchasing power has declined with a rise in the prices of properties on the back of costlier building materials and land, and this has led to a series of setbacks in the property market.
After the (...)
Egypt's real-estate market is in a slump. People's purchasing power has declined with a rise in the prices of properties on the back of costlier building materials and land, and this has led to a series of setbacks in the property market.
After the (...)
Pictures of new vehicles lined up in port in Alexandria have repeatedly appeared on social networks in Egypt of late, most of them released by members of the “Let it Rust” campaign, an initiative that kicked off on Facebook towards the end of 2018 (...)
The business community has high hopes that Egypt's presidency of the African Union (AU) this year will boost trade and investments with African countries.
Egypt has strong economic and commercial ties with Nile Basin countries, including Rwanda, the (...)
Egypt's parliament has approved in principle a new law introducing an amnesty on building violations and giving those convicted of them the opportunity to come to an agreement with the state.
The House of Representatives' Housing Committee said the (...)
“Let it Rust”, a campaign started on social networks towards the end of 2018 protesting against the high prices of cars in Egypt, went viral in early January as consumers continued to wait for a decrease in automotive prices following the full (...)
“Let it Rust”, a campaign started on social networks towards the end of 2018 protesting against the high prices of cars in Egypt, went viral in early January as consumers continued to wait for a decrease in automotive prices following the full (...)
Egypt's parliament last week approved a new law introducing an amnesty on building violations and giving those convicted of them the opportunity to come to an agreement with the state.
The House of Representatives' Housing Committee said the new law (...)
Official statements are indicating that the government's initial public offerings (IPOs) programme to privatise some state-owned companies may be inching towards take-off. Head of Egypt's stock market Mohamed Farid also anticipated earlier this (...)
The new national e-payment card Meeza (meaning “merit” in Arabic) is being released onto the market through the National Bank of Egypt (NBE) and Banque Misr and will soon be rolled out at other banks such as Banque du Caire.
Meeza is the latest (...)
Minister of Trade and Industry Amr Nassar has issued a decision to extend custom duties on exported scrap metals, paper waste and ores for an additional year.
According to the decision, custom duties will be extended on different forms of (...)
