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The World Bank lowered its expectation for the economic growth rate in Egypt for the fiscal year 2015/2016 by 0.7 per cent compared to its forecast last June, warning of the implications of the Russian jetliner's crash for the tourism industry and foreign currency shortage.
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Thursday 07-01-2016 10:28 PMEgypt will press ahead with plans to cut costly energy subsidies and introduce further tax reforms to boost the economy and halve the budget deficit within seven years, the country's finance minister said on Tuesday.
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Tuesday 16-09-2014 08:21 PMNewly inaugurated President Abdel Fattah al-Sisi reappointed Egypt's prime minister on Monday, signalling continuity as he sets out to fix the economy and overcome political divisions after a long period of turmoil and bloodshed.
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Monday 09-06-2014 03:26 PMEgypt prepared to announce on Tuesday the result of a vote on a new constitution that Islamist President Mohamed Mursi hails as a step toward stability in a country beset by political and economic crisis.
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Tuesday 25-12-2012 02:49 PM