In a bid to encourage Egyptians working abroad to help ease a hard-currency shortage by putting their dollars in local banks, Egypt’s…
The Central Bank of Egypt has amended its 2014 mortgage scheme in what is says is an effort to allow more low…
The official exchange rate for the Egyptian pound has remained steady at LE7.73 to the US dollar since November, but the black market exchange rate shot up to over LE9…
Amid relatively restrained fanfare, Egypt inaugurated the East Port Said Canal, a 9.5 kilometer long side-channel that links the East Port Said…
The African Export-Import Bank (Afreximbank) and the Central Bank of Egypt (CBE) signed a US$500 million financing agreement aimed at maintaining the flow…
Egypt attracted the heads of state of six African countries, along with numerous ministers and businesspeople, to a “Africa 2016” Sharm el-Sheikh…
Stepping off a small boat as it docks along the Nile, Ahmed Khaled, a 22-year-old fisherman, looks dissatisfied. For the fifth consecutive time in just three weeks, he carefully prepared…
“Well, let me put it this way ... We have to see what we can do ... I can’t tell you yet.” These were some of the answers Swiss Prosecutor Michael Lauber…
General Motors (GM) has still not made an official statement reacting to reports that it has suspended its Egypt operations due to…
The fate of the US$1 billion loan from the World Bank is still uncertain, but a $900 million loan from China has arrived…
A series of back-and-forth announcements by Egyptian authorities has roiled global wheat markets and, if left unresolved, could potentially threaten supplies of the country's most crucial food commodity. In the…
A deal with the World Bank for a US$1 billion loan could fall through if the Egyptian government does not adopt a value-added tax (VAT), documents exclusively obtained by Mada…
Egypt will launch the Middle East’s first commodities exchange by the end of 2016, Supply and Internal Trade Minister Khaled Hanafy said…
Beginning Monday, customs duties on hundreds of consumer goods will increase by 5 to 10 percentage points, making total import taxes as high…
Reports of unpaid bills and friction with foreign oil and gas companies are once again dogging Egypt’s petroleum authorities. Privately owned Al Watan newspaper reported Wednesday that, according to an…
In a partial rollback of a policy local businesses have blamed for harming local importers and manufacturers, the Central Bank of Egypt…
Chinese President Xi Jinping met with Egyptian President Abdel Fattah al-Sisi on Thursday and signed a financing agreement that will see China's…
«At the World Social Science Forum in September 2015 in Durban, South Africa, many presentations offered a grim perspective on the state of poverty and inequality…»
Chinese President Xi Jinping arrived in Cairo on Wednesday for a state visit forecast to strengthen Sino-Egyptian relations. Egypt is also anticipating…
International tourism hit record levels worldwide in 2015, growing by 4.4 percent year-on-year to reach almost 1.2 billion tourists worldwide, according to…
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