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Egypt: Cabinet ratifies bills on Agadir Agreement, coop. with Japan
Egypt: Cabinet ratifies bills on Agadir Agreement, coop. with Japan Egypt >> 11/3/2016 - The Cabinet ratified, during its weekly meeting, a bill floated by President Abdel Fattah El Sisi on the mutual recognition agreement adopted by member states of the Arab-Mediterranean Free Trade Agre...
NBE, Banque Misr, To Offer 18-Month Certificates Of Deposit At 20 Pct, 3-Year Cds At 16 Pct
Egypt >> 11/3/2016 - Egypt’s two largest state-owned banks will offer 18-month certificates of deposit at 20 percent and three-year certificates of deposit at 16 percent, the National Bank of Egypt and Banque Misr chiefs ...
Egypt, Serbia Discuss Cooperation in Project of Reclaiming 1.5 Mln Feddans
Egypt, Serbia Discuss Cooperation in Project of Reclaiming 1.5 Mln Feddans Egypt >> 11/3/2016 - Egyptian Minister of the International Cooperation Sahar Nasr met with the Serbian ambassador to Cairo Dragan Bisenic, discussing the bilateral cooperation in several fields, particularly in agricultu...
Egypt Central Bank Hikes Interest Rates 300 Basis Points
Egypt Central Bank Hikes Interest Rates 300 Basis Points Egypt >> 11/3/2016 - Egypt's central bank said it had floated its pound currency and hiked interest rates by 300 basis points in a move to rebalance currency markets.

Bankers told Reuters they had been informed t...
Egypt's Central Bank Floats Pound, Raises Key Interest Rates 300 Basis Points
Egypt >> 11/3/2016 - Egypt's central bank decided to freely float the pound as it announced a set of measures aimed at alleviating a dollar shortage and stabilizing the country's flagging economy.

The central ban...
Global Business Forum on Latin America to Explore Trade, Investment Opportunities
United Arab Emirates >> 11/5/2016 - Experts attending the Global Business Forum, GBF, on Latin America will look at opportunities where the Gulf Co-operation Council, GCC, may act as a facilitator of economic co-operation and investment...
EU Among UAE's Largest Trading Partners
United Arab Emirates >> 11/5/2016 - The European Union, EU, is among the UAE's largest trading partners where non-oil trade between the country and the regional bloc stood at more than US$65 billion in 2015, up from $10.2 in 1999, inclu...
WB Welcomes Economic Reforms in Egypt
Egypt >> 11/5/2016 - The World Bank has welcomed economic and social reform measures which are carried out by the Egyptian government.

A package of reforms, which have been recently announced by Egypt, would co...
Sahar Nasr probes expanding EU school feeding programs
Sahar Nasr probes expanding EU school feeding programs Egypt >> 11/5/2016 - Minister of International Cooperation Sahar Nasr discussed with representatives from the European Union and World Food Program expanding school feeding programs in the country.

The meeting c...
Washington Praises Egypt's New Economic Measures
Egypt >> 11/6/2016 - US Secretary of State John Kerry has commended Egypt for undertaking economic reforms last week, calling them "important steps" to stabilize an economy hit by years of political turmoil.

Egyp...
Egypt Banks to Lift Limits On Use of Credit Cards Abroad
Egypt >> 11/6/2016 - Two days after Egyptian pound devaluation, banks working in Egypt started to review restrictions on the use of credit and debit cards abroad.

Chairman of the United Bank Ashraf al-Qadi told a...
Sisi Reviews Progress in Several National Projects
Sisi Reviews Progress in Several National Projects Egypt >> 11/6/2016 - President Abdel Fattah El Sisi, at a ministerial meeting, reviewed the progress realized so far in several national projects, including the national housing project, the new administrative capital and...
Mohammed Omran Signs MOU with Brazil's BM&F BOVESPA
Mohammed Omran Signs MOU with Brazil's BM&F BOVESPA Egypt >> 11/6/2016 - Egyptian Stock Exchange (EGX) Chairman Mohammed Umran signed a memorandum of understanding (MOU) with Brazilian stock-exchange and futures-market operator BM&F BOVESPA on exchange of information and e...
Yehia Rashed To Attend WTM in London
Egypt >> 11/6/2016 - Tourism Minister Yehia Rashed will leave for London to take part in the World Tourism Market (WTM) that will be held on November 7-9.

Rashed asserted the importance of Egypt’s participation ...
Dollar Rate Stable at Trading of Major Egyptian Banks
Dollar Rate Stable at Trading of Major Egyptian Banks Egypt >> 11/6/2016 - The US dollar's exchange rate has stabilized to score EGP 15.50 pounds to buy and 15.75 pounds to sell sale at some main banks three days after the Central Bank of Egypt (CBE) floated the Egyptian pou...
UAE Seeks Stronger Economic Ties with Hong Kong
United Arab Emirates >> 11/6/2016 - The UAE seeks to expand economic relations and trade with Hong Kong, even as it remains the Chinese island’s largest trade partner in the region, Under-Secretary for Foreign Trade and Industry Affairs...
Egypt Finance Ministry Raises Interest Rates of Suez Canal Certificates to 15.5 Pct
Egypt Finance Ministry Raises Interest Rates of Suez Canal Certificates to 15.5 Pct Egypt >> 11/6/2016 - Egypt's finance ministry has raised interest rates on Suez Canal investment certificates to 15.5 percent, minister Amr El-Garhy announced.

El-Garhy said that the increase will be for the rema...
Egyptians to Pay More for Private Transport Services
Egypt >> 11/6/2016 - A day after the Egyptian government slashed fuel subsidies, raising prices by 30-47 percent, several governorates increased fares for vital privately-owned transportation means, setting the stage for ...
Sisi reviews efforts on fighting corruption, economic conditions
Sisi reviews efforts on fighting corruption, economic conditions Egypt >> 11/7/2016 - President Abdel Fattah El Sisi discussed the efforts on combating corruption, the recent economic situation and developments with regard to other issues.

This was during his meeting with t...
Egypt's Trade Deficit Down 3.1 Percent Year-On-Year in August
Egypt >> 11/7/2016 - Egypt's trade deficit was down 3.1 percent in August compared to the same month last year, reaching EGP 37.8 billion, the state's statistics body CAPMAS said statement.

On a monthly basis, th...

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