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CBE governor Tarek Amer- Reuters photo

fund to upgrade the inter-bank infrastructure to be established under new bill

Foreign investments in treasury bills (T-bills) increased by about $650 million, reaching $14.895 billion by the end of March, compared to $14.245 billion by the end of February, according to data from the Central Bank of Egypt (CBE).

Foreign investments in T-bills record $14.895B by end of March: CBE

Egypt's Electricity Minister Mohamed Shaker has declared new electricity prices after a 14.9 percent rise that will be applied as of July.

Egypt's electricity bills to increase 4.9% starting July

Egypt pumped three billion Egyptian pounds ($176.4 million) into a number of development projects located in Sinai governorate, Investment Minister Sahar Nasr said on Monday.

Egypt invests $176.4 M in Sinai’s development projects

Seven Egyptian startups have been selected to represent the country in the 2019 Global Entrepreneurship Summit (GES) in The Hague, Netherlands, June 3-5.

Seven Local Startups to Represent Egypt in GES 2019

The experts of International Monetary Fund has recommended the disbursement of the 6th and last tranche of $2 billion to Egypt in their review to its economic reform program.

IMF experts agree to final tranche of $12b loan to Egypt

Egypt's exports of fruits and vegetables rose to one million and 700,000 tons since the beginning of the new export season of fruits and vegetables

Egypt's exports of fruits, vegetables rise to 1.7M tons

The total amount of electricity generated from renewable energy in Egypt has reached 6,000 megawatt, Executive Chairman of New and Renewable Energy Authority (NREA) Mohamed el-Khayat said.

Electricity generated from renewable energy in Egypt reached 6,000 megawatt: NERA

state statistics agency CAPMAS

Egypt's unemployment rate falls to 8.1% in Q1 2019: CAPMAS

The Central Bank of Egypt (CBE) announced on Tuesday that the exchange rate of the US dollar was relatively stable on Tuesday at major banks, following a wave of declines over the past few days which reached on Monday to five piasters, recording a retrea

Dollar prices stable following a wave of declines

The Egyptian General Petroleum Corporation (EGPC) is anticipated to export 12 million tons of natural gas worth US $2 billion (LE 36 billion) during the upcoming fiscal year 2019-2020, an EGPC official said before the parliament on Tuesday.

Egypt to export 12 million tons of natural gas in 2019-2020

Head of chamber of petroleum and mining at the Federation of Industries (FEI), Mohamed Saad announced that Egypt’s petroleum sector has witnessed investments valued at $30 billion during the last three years.

Egypt’s petroleum sector’s investments reached $30 B during 3 years

Investment Minister, Sahar Nasr

Egyptian free zone’s exports hit $6 billion in four months

Egypt's free zone

Egypt plans to establish seven new free zones to attract investment

Egypt has exported 1,220,999 million tons of citrus abroad since the beginning of the new export season of fruits and vegetables

Egypt's citrus exports increase to 1.20 million tons

Minister of Investment and International Cooperation Sahar Nasr

New free zone in Aswan to include 160 projects with $2.3 B investment

Egypt's Planning Ministry stated that LE 1.545 billion has been set for the Agriculture Ministry's investments in the framework of the country's 2019-2020 plan.

Egypt's Planning Ministry allocates LE 1.5B investments for Agriculture

The Central Bank of Egypt (CBE)

Egypt’s annual inflation declines to 8.1% in April: CBE

Egypt’s government is working to reduce inflation rate to less than 10 percent during fiscal year 2019/20, and to a range of 6 to 7 percent during the fiscal year 2020/21, according to the Minister of Finance Mohamed Ma'it on Tuesday.

Egypt's finance ministry targets to reduce inflation rate to less than 10% during 2019/20

The International Monetary Fund (IMF)

Egypt expected to receive 6th tranche of IMF worth $2 B in July 2019

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