Economist Sameh Abu Arayes says loans make up large chunk of purported $42bn of foreign reserves in Egypt Egyptian economics expert Sameh Abu Arayes said on Monday that a claim by the Egyptian Central Bank [ More … ]
“There is no official confirmation from the Russian government or officials on lifting the ban on the Russian tourism to Egypt,” Minister of Tourism Yahiya Rashed told AL-Shorouk. Egypt’s tourism has declined since the first half [ More … ]
The Egyptian Foreign Ministry has dispatched a cable, of which Mada Masr obtained a copy, to all the Egyptian diplomatic missions aboard. The cable said that the August salary will be postponed as “the payroll has not [ More … ]
Ahead to reaching an agreement with the International Monetary Fund (IMF), Abdel Fattah al-Sisi warned Egyptians of hard days. Al-Sisi stated on Monday that tough measures would be needed to turn the country’s ailing economy [ More … ]
The Dollar has witnessed an unprecedented increase in Egypt’s black market recently. According to local reports, the dollar selling price ranged between 12.50 and 12.60 Egyptian pounds while its purchase price was around 12.30 pounds. In [ More … ]
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