Foreign direct investment (FDI) in Egypt’s non-oil economy fell in the second quarter to its lowest levels since just after an IMF-backed austerity plan began nearly two years ago, a sign more pain may lie [ More … ]
Egypt’s Foreign minister Sameh Shoukry ended his two-day visit to Berlin where he met with German Foreign minister and members of parliament and held interviews with German media. Shoukry’s meeting with German Foreign Minister Frank-Walter Steinmeier [ More … ]
Since Abdel Fattah al-Sisi has pursued office in mid-2014 after he led a military coup in 2013 against Mohamed Morsi, the first democratically elected president, the two main goals of al-Sisi were to maintain social [ More … ]
Ahmed Abu Zeid, the spokesperson of Egypt’s Foreign Ministry, has welcomed the US State Department spokesperson regarding the US support to Egypt’s economic reform ahead of the IMF loan, according to Al-Shorouk. Egypt’s FM spokesperson [ More … ]
This month, Egypt celebrated the 60th. anniversary of the Suez Canal. In fact, the anniversary offered Abdel Fattah al-Sisi “a ready-made opportunity to bask in the reflected light of Nasser’s – and Egypt’s – historic [ More … ]
– Turkey to announce new foreign investments this month in meeting hosted by PM, head of investment agency says – More than 150 new investment projects, with a total value of $24 billion, are a [ More … ]
The Egyptian pound continues its decline in black market trading, with speculations that policy makers will weaken the official exchange rate to end the country’s shortage of foreign currency, reported Bloomberg. According to the average quote [ More … ]
During two years in office, Egypt’s general-turned president Abdel-Fattah Al-Sisi has sought to impose a military-style discipline on Egypt after he led a military coup in 2013 against the first democratically elected President Mohamed Morsi. [ More … ]
The efforts of the Central Bank of Egypt (CBE) to abolish illegal currency trading are pushing black market dealers towards carrying out external transactions, to remain away from the reach of the law. The black [ More … ]
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