PM urges continuing efforts to execute development projects

Prime Minister Moustafa Madbouli has called for all ministries to proceed with their efforts to carry out various development and service projects, as well as applying all measures related to rationalizing government spending.

In the cabinet’s weekly meeting on Thursday, …

Egypt cuts interest rates by 150 basis points

The Monetary Policy Committee (MPC) decided Thursday 22/08/2019 to cut the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation by 150 basis points to 14.25 percent, 15.25 percent, and 14.75 …

Egypt’s textile exports to Arab states jump 21.5 percent in Jan-June 2019

Egypt’s textile exports to Arab states surged 21.5 percent to $113 million in January-June 2019, up from $93 million in the same period a year earlier, the Textile Export Council said in a report Thursday 22/08/2019.

The European Union is …

EGX gains EGP 6.8 bln over past week

The Egyptian Exchange (EGX) gained EGP 6.8 billion this week as the market capital went up 0.9 percent to EGP 759.3 billion, compared to EGP 752.5 billion in the previous week.

The EGX 30 benchmark index increased 0.27 percent, registering …

Sisi’s participation in G7 Summit, TICAD chance to lure investments — former diplomat

President Abdel Fattah El Sisi’s participation in the G7 Summit in France and the Tokyo International Conference on African Development (TICAD 7) in Japan in one week will provide him with a key opportunity for consultation with leaders of major …