Economy
US$1 billion in new investments for Khaleda and Qarun oil fields
April 28, 2021
US$1 billion in new investments for Khaleda and Qarun oil fields
Egyptian Minister of Petroleum and Mineral Resources, Tarek al-Molla, chaired, on Wednesday, the meeting of the general assembly of both…
Hermes: Resumption of all Egypt-Russia flights will return US$3.5 billion in tourism revenue to Egypt
April 27, 2021
Hermes: Resumption of all Egypt-Russia flights will return US$3.5 billion in tourism revenue to Egypt
Mohamed Abu-Basha, deputy head of the research sector at EFG Hermes, praised the decision to resume flights between Egypt and…
US dollar to Egyptian pound exchange rate on Tuesday
April 27, 2021
US dollar to Egyptian pound exchange rate on Tuesday
The US dollar to Egyptian pound exchange rate on Tuesday recorded LE15.61 for purchase and LE15.71 for sale at the…
Egypt’s engineering exports up to $1.8 billion during first 9 months of 2020/21
April 24, 2021
Egypt’s engineering exports up to $1.8 billion during first 9 months of 2020/21
The Engineering Export Council of Egypt announced on Saturday that there has been noticeable increase in engineering exports in the…
Egyptian non-oil exports up by 6% during first quarter of 2021
April 17, 2021
Egyptian non-oil exports up by 6% during first quarter of 2021
Egypt’s Ministry of Trade and Industry announced Saturday that the nation’s non-oil exports have achieved a remarkable six percent increase…
Egypt eager to increase funding on health and education sectors: Minister
April 17, 2021
Egypt eager to increase funding on health and education sectors: Minister
Finance Minister Mohamed Maait announced that Egypt aims to boost spending on its health, education and social development sectors to…
Suez Canal Zone signs LE10 billion financing contract with banking consortium
April 11, 2021
Suez Canal Zone signs LE10 billion financing contract with banking consortium
The head of the Suez Canal Economic Zone (SCZone), Yahya Zaki signed a financing contract for its projects with a…
Egypt’s trade balance deficit decreased by 9% during 2020
April 11, 2021
Egypt’s trade balance deficit decreased by 9% during 2020
An Egyptian government report on Sunday stated that the trade balance deficit fell during 2020 by nine percent, despite coronavirus…
Egypt’s ambassador to London and EBRD president discuss matters of cooperation
April 11, 2021
Egypt’s ambassador to London and EBRD president discuss matters of cooperation
Egypt’s ambassador to London, Tarek Adel held a video conference with the President of the European Bank for Reconstruction and…
Egypt welcomes Japan’s participation in major projects: Finance Minister
April 11, 2021
Egypt welcomes Japan’s participation in major projects: Finance Minister
Egyptian Finance Minister Mohamed Maait on Saturday met with a Japanese delegation headed by Matsunaga Hideki, Director General of the…