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Tag: Egypt

An employee counts Egyptian pounds in a foreign exchange office in central Cairo, Egypt December 27, 2016. REUTERS/Mohamed Abd El Ghany

Egyptian tax change could spur banks to step up private lending

December 1, 2018

CAIRO (Reuters) - A proposed change to the way Egypt taxes bank profits could encourage lenders to boost credit to ...

Libyan-British Muhammed Fathi AbulKasem’s arrest took place shortly after he arrived in Egypt’s coastal city of Alexandria on Nov. 21 from neighboring Libya. (File/AFP)

Family says Egypt arrested Brit for military chopper video

December 1, 2018

CAIRO: Egyptian authorities arrested a 19-year-old British tourist over a video he filmed on his cellphone that showed a military ...

FILE PHOTO: Birds fly over docked fishing boats as container ships cross the Gulf of Suez towards the Red Sea before entering the Suez Canal, near Ismailia port city, northeast of Cairo, Egypt, October 31, 2018. REUTERS/Amr Abdallah Dalsh

Egypt targets narrower budget deficit of 7 percent in 2019/20 – ministry document

November 15, 2018

Egypt is targeting a budget deficit of 7 percent of GDP for the 2019-20 fiscal year that begins in July, ...

The headquarters of Egypt's Central Bank are seen in downtown Cairo, Egypt January 11, 2018. REUTERS/Mohamed Abd El Ghany/File Photo

Egypt’s headline inflation surges to 17.7 percent in October

November 10, 2018

CAIRO (Reuters) - Egypt's headline inflation continued to climb year-on-year in October, rising to 17.7 percent from 16 percent in ...

A vendor picks up potatoes at a temporary tent with government subsidised goods, after consumer prices increase across the country, in Cairo, Egypt October 28, 2018. REUTERS/Mohamed Abd El Ghany

Sisi’s hot potato: Egyptians hit back after remarks on austerity

November 7, 2018

Egypt's President Abdel Fattah al-Sisi spoke daily at the World Youth Forum in the resort of Sharm al-Sheikh this week, ...

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