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January 10, 2023
CAIRO (Reuters) - Egyptian annual urban consumer inflation in December rose to 21.3% from 18.7% in November, exceeding analyst expectations, data from...
January 4, 2023
CAIRO (Reuters) - Activity in Egypt's non-oil private sector contracted in December for the 25th straight month as inflation, a weaker currency and co...
December 29, 2022
CAIRO: Egyptโs President Abdel Fattah El-Sisi on Thursday approved a document outlining 62 economic activities the state will withdraw from and turn over the private sector, a cabinet statement said. The documentโs approval was required by the International Monetary Fund, which this month approved a 46-month, $3 billion financial support package for Egypt. The policy aims to
December 17, 2022
CAIRO (Reuters) -The International Monetary Fund (IMF) executive board has approved a 46-month $3 billion financial support package for Egypt, saying ...
December 5, 2022
CAIRO (Reuters) - Egypt's non-oil private sector shrank in November at its sharpest rate since the outbreak of the coronavirus pandemic in early 2020,...
November 25, 2022
By Patrick Werr and Marc Jones CAIRO/LONDON (Reuters) - Egypt's finances remain in a precarious state despite two major currency devaluations this yea...
November 21, 2022
CAIRO (Reuters) - Egypt's central bank is transferring the administration and costs of its main subsidised loan programmes to the ministry of finance,...
November 1, 2022
By Mahmoud Salama CAIRO (Reuters) - The gap between the official and black market price of dollars in Egypt has narrowed significantly since the centr...
October 24, 2022
CAIRO (Reuters) - Egypt will develop a new currency indicator partly to wean people off the idea that the Egyptian pound should be pegged to the U.S. dollar, the new central bank governor said on
October 23, 2022
CAIRO (Reuters) - Egypt will develop a new currency indicator partly to wean people off the idea that the Egyptian pound should be pegged to the U.S. ...