The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 17.5 billion in treasury bills (T-bills) on Sunday, Nov. 14. The T-bills were offered in two installments, with the first valued at LE 3.5 billion with a 91-day...اقرأ المزيد
The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 10.5 billion in treasury bills (T-bills) on Sunday, Sep. 26. The T-bills were offered in two installments, with the first valued at LE 6 billion with a 91-day term,...اقرأ المزيد
The quantitative targets of the communications and information technology sector in the medium term are to achieve three main goals by 2025, which are to raise the sector’s contribution to the grpss domestic product (GDP) to reach 5 percent, compared...اقرأ المزيد
The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 18.5 billion in treasury bills (T-bills) on Sunday, June 27. The T-bills were offered in two installments, with the first valued at LE 10.5 billion with a 91-day...اقرأ المزيد
Egypt will receive the last tranche of its $5.2 billion loan from the International Monetary Fund (IMF) before the end of June, Minister of Finance Mohamed Maait suggested in remarks to Egypt Today. The value of the tranche is $ 1.6 billion. After the...اقرأ المزيد
Egypt’s President Abdel Fattah El-Sisi ordered increasing the minimum wage to LE 2,400 a month from LE 2,000 for state employees and also raising the pensions by 13 percent. The decisions came as Sisi met with Prime Minister Mostafa Madbouli and Minister...اقرأ المزيد
Egypt is expected to achieve a real growth domestic product (GDP) of 3.5 percent during 2020/2021, the World Bank stated in a report Monday. It also anticipated the Egyptian economy to hit a growth rate of 5.8 percent in 2022/2023, which matches the International...اقرأ المزيد
Egypt achieved an initial budget surplus of LE 103 billion during the last fiscal year, Finance Minister Mohamed Ma’it said. Such an unprecedented initial surplus, representing 2 percent of the GDP, makes Egypt the second among the world’s...اقرأ المزيد
The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 18.5 billion in treasury bills on Sunday, Nov. 24. The T-bills will be offered in two installments; the first installment is valued at LE 9 billion with a 91-day...اقرأ المزيد
The International Monetary Fund (IMF) said growth in Egypt is expected to remain strong, supported by gas production and a return of tourism. The IMF’s Regional Outlook report said “Overall, though, growth in most countries is projected to...اقرأ المزيد