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Yousef Saba

Egypt votes in referendum that could keep Sisi in power until 2030

20 Apr 2019

CAIRO Egyptians voted on Saturday in a three-day referendum on constitutional changes that could allow President Abdel Fattah al-Sisi to stay in office until 2030 and boost the role of the powerful military.

Egypt expects its debt to become 'euroclearable' in October - minister

14 Apr 2019

CAIRO Egypt has signed an agreement with Euroclear, Europe's biggest settlement house for securities, to allow holders of its sovereign debt to clear transactions outside the country beginning in six months' time, its finance minister said.

Egypt to slash fuel subsidies as it nears end of IMF programme

06 Apr 2019

CAIRO Egypt will remove subsidies on most energy products by June 15, it told the International Monetary Fund in a January letter released by the IMF on Saturday as part of a review of Cairo's three-year, $12 billion (9 billion pounds) loan programme with the lender.

UPDATE 2-Egypt current account deficit widens, tourism picks up, FDI falls

01 Apr 2019

CAIRO, April 1 Egypt's current account deficit widened to $2.1 billion in the last three months of 2018 from a deficit of $1.78 billion in the same period a year previously, according to Reuters calculations based on central bank data released on Monday.

Egypt's central bank seen maintaining key rates: Reuters poll

25 Mar 2019

CAIRO Egypt's central bank is likely to maintain interest rates at its meeting on Thursday, a Reuters poll showed on Monday, although some analysts predicted a cut ahead of expected fuel price increases this summer.

Egyptian pound appreciates to highest in over two years

17 Mar 2019

CAIRO, March 17 The Egyptian pound strengthened on Sunday to its highest in over two years, boosted by an increase in foreign funds into the country.

Egyptians put the brakes on new car purchases in push for lower prices

12 Mar 2019

CAIRO, March 12 A campaign calling on Egyptians to stop buying new cars to curb price rises has dented sales, but supporters say values must fall further before cash-strapped customers can return to the forecourts.

UPDATE 3-Egypt's urban inflation jumps to 14.4 pct in Feb

10 Mar 2019

CAIRO, March 10 Egypt's annual urban consumer price inflation increased to 14.4 percent in February from 12.7 percent in January, the official statistics agency CAPMAS said on Sunday, confounding some analysts' expectations of an imminent easing cycle.

Egypt's economy seen growing 5.3 percent in year ending in June: Reuters poll

24 Jan 2019

CAIRO Egypt's economy is expected to grow 5.3 percent in the fiscal year that ends in June, according to forecasts economists polled by Reuters, the same view found in a survey three months ago.

Sudan restricts social media access to counter protest movement

02 Jan 2019

CAIRO/DUBAI Sudanese authorities are blocking access to popular social media platforms used to organise and broadcast nationwide anti-government protests triggered by an economic crisis, internet users say. | Video

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