The government is struggling to afford Egyptian-grown rice, leading to shortages, higher prices and lower-quality rice for Egyptians relying on food subsidies.…
Egypt’s Central Bank announced Sunday that it plans to reduce its regular currency auctions to once a week, down from three times…
The Central Bank of Egypt’s (CBE) Monetary Policy Committee decided to raise benchmark interest rates by 150 basis points (1.5 percentage points)…
Egypt’s Central Bank auctioned off US$1.5 billion in an exceptional auction Wednesday, selling dollars at LE8.78, state news agency MENA reports. On…
After months of a relatively downward slope, the stock price of the telecom operator formerly known as Mobinil shot up more than…
At its Monday currency auction, the Central Bank of Egypt (CBE) allowed the pound’s official exchange rate to reach LE8.85 per dollar.…
Fugitive businessman and Mubarak ally Hussein Salem has reached a reconciliation agreement with the Egyptian government, Egypt’s Justice Minister said Saturday during…
A year ago today, President Abdel Fattah al-Sisi launched the Egypt Economic Development Conference (EEDC) in Sharm el-Sheikh. The conference was a public relations coup for Egypt’s government, attracting thousands of…
Annual headline consumer price inflation slowed to 9.13 percent in February, the lowest rate in six months. Annual core inflation — which excludes…
Amid simmering tensions between taxi drivers and users of the two main transportation apps on the streets of Cairo, David Plouffe, Uber's chief strategist and senior advisor, was in town…
Importers of “necessary commodities” will no longer face limits on deposits or withdrawals of hard currency, Egypt’s Central Bank announced Wednesday. On…
"The bank is walking back its tough stance on the black market. All eyes are on the Central Bank."
A new wave of labor strikes is sweeping Egypt, from Alexandria to Aswan, primarily in public sector companies. In the Mediterranean governorate of Alexandria, hundreds of bus drivers and other…
Egypt’s tourism sector continued to falter in January, as the number of tourists visiting Egypt dropped by 46.3 percent year-on-year, according to…
Egypt’s deficit looks set to widen this fiscal year, countering projections the government has made in high-profile policy documents. According to figures…
An official at the center of a wheat-import controversy has been removed from his post by the agriculture minister. Saad Mousa, who…
Amid reports the black market exchange rate for US dollars had climbed to a new record of LE9.80 on Sunday, Egyptian MPs called on…
In optometry, a person with 20/30 vision suffers from mild short-sightedness — able to navigate everyday life, but a bit fuzzy on fine details or at long distances. In titling Egypt’s newly…
President Abdel Fattah al-Sisi arrived in Japan on Monday for his first official state visit to the country. Sisi and Japanese Prime…
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