Al-Masry Al-Youm
Suez Canal revenues decline up to 50% due to Red Sea tensions: Sisi at EGYPES 2024
Egypt
February 20, 2024
Suez Canal revenues decline up to 50% due to Red Sea tensions: Sisi at EGYPES 2024
Egyptian President Abdel Fattah al-Sisi confirmed on Monday that Suez Canal revenues have fallen by between 40-50 percent due to…
Eastern Company explains reasons behind tobacco price increase in Egypt
Egypt
February 17, 2024
Eastern Company explains reasons behind tobacco price increase in Egypt
The CEO of the Eastern Company for Tobacco Products, Hani Aman discussed the increase in prices for the company’s products,…
Gold prices rise in Egypt on Thursday for 3rd day in a row
Business
February 15, 2024
Gold prices rise in Egypt on Thursday for 3rd day in a row
The price of gold in Egypt continues to rise for the third day in a row, in conjunction with the…
Cairo meetings seek truce in Gaza and prisoners swap
Egypt
February 14, 2024
Cairo meetings seek truce in Gaza and prisoners swap
Extensive international pressure continues to reject the Israeli occupation’s plan to invade Rafah in the southern Gaza Strip, while the…
Philip Morris Egypt announces increase in foreign cigarette prices
Egypt
February 12, 2024
Philip Morris Egypt announces increase in foreign cigarette prices
Philip Morris Egypt announced new price list of cigarettes for all of its heated tobacco products, HEETS and TEREA, and…
Egypt’s Minister of Finance assures no increase in tax rates
Economy
February 10, 2024
Egypt’s Minister of Finance assures no increase in tax rates
Finance Minister Mohamed Maait assured that there are no new burdens in Egypt’s tax policy strategy for 2024/2030, no increase…
IMF in the final stage of formulating increased financing for Egypt
Business
February 10, 2024
IMF in the final stage of formulating increased financing for Egypt
The International Monetary Fund (IMF) is formulating a new financial support package for Egypt, following upon its plans to increase…
National Bank of Egypt increases interest rates for certificates in 2024
Economy
February 7, 2024
National Bank of Egypt increases interest rates for certificates in 2024
The National Bank of Egypt (NBE) has adjusted the return on the Platinum Savings Certificate with a variable return, in…
Cold weather, rainfall expected for Tuesday across Egypt
Egypt
February 6, 2024
Cold weather, rainfall expected for Tuesday across Egypt
The Egyptian Meteorological Authority (EMA) anticipates Tuesday’s weather to be warm during the day in Greater Cairo, Lower Egypt, the…
Banking expert explains differences between clean and dirty float
Economy
February 5, 2024
Banking expert explains differences between clean and dirty float
Banking expert Hany Abul-Fotouh explained that the exchange rate policies followed globally involve either linking the country’s currency to another…