Category Archives: Economy

Egypt’s envoy asserts importance of economic relations with Lebanon

Egypt's Ambassador to Lebanon Yasser Olwi asserted the importance of economic relations between Cairo and Beirut, hailing the key role of the Egyptian-Lebanese business council in boosting these relations.The Egyptian envoy made the remarks on Saturday...

ASCAME: Trade exchange bet. Egypt, China to increase by 24% in 2020

The volume of trade exchange between Egypt and China is expected to rise by more than 24 percent in 2020, President of the Association of the Mediterranean Chambers of Commerce and Industry (ASCAME) Ahmed el Wakil said.In 2019, the volume

CBE board forms new monetary policy committee

The Central Bank of Egypt (CBE) board of directors issued on Saturday 11/01/2020 a decision on the formation of the new monetary policy committee.The committee will be chaired by CBE Governor Tareq Amer, and will comprise two deputies and three

PM: Complaints about gov’t services up by 50% in 2019

The unified government complaint system must serve as a mechanism to ensure a fast communication with citizens, Prime Minister Mostafa Madbouli said Saturday 11/01/2020.Madbouli made his remarks during a meeting with Director of the government-run comp...

WB forecasts Egypt’s GDP to grow by 6% in 2021

Egypt's GDP will grow 6.0% in 2020-2021, the World Bank forecasts in a recent report.The World Bank highlighted the positive development of the Egyptian economy, which became more stable. The bank noted that increasing exports was behind improving the ...

PM – Investment file comes on top of govt agenda

Prime Minister Moustafa Madbouli asserted that the investment file comes on top of the government's agenda during the current stage.Madbouli said that his decision on forming a ministerial investment group aims at quickly solving the investors' problem...