Economy
Over 72% of Egyptians shopped online more since coronavirus outbreak: Report
January 16, 2021
Over 72% of Egyptians shopped online more since coronavirus outbreak: Report
A recent economic report from the MasterCard Economics Institute showed that over 72 percent of Egyptians have shopped online more…
Marsa Alam investors beg for government support after 95% of city’s hotels shut down
January 16, 2021
Marsa Alam investors beg for government support after 95% of city’s hotels shut down
Dozens of hotel and tourist villages owners in Marsa Alam are now facing a crisis as the coronavirus pandemic has…
Gold prices decline in Egyptian market by LE3 on Thursday
January 14, 2021
Gold prices decline in Egyptian market by LE3 on Thursday
Gold prices declined in Egypt on Thursday, with the price of 21-karat (the market’s highest selling gold) falling by LE3…
US dollar to Egyptian pound exchange rates slightly decrease
January 12, 2021
US dollar to Egyptian pound exchange rates slightly decrease
The US dollar to Egyptian pound exchange rate on Tuesday saw a slight decrease for purchase and selling rates, recording…
US congress breach causes lower Gold prices in Egypt, 21-karat at LE 810
January 9, 2021
US congress breach causes lower Gold prices in Egypt, 21-karat at LE 810
Gold prices declined in Egypt on Saturday with the price of 21-karat (the market’s highest selling gold) falling by LE14…
Egypt signs 9 oil and gas exploration agreements for Mediterranean and Red seas
January 2, 2021
Egypt signs 9 oil and gas exploration agreements for Mediterranean and Red seas
Egypt’s Minister of Petroleum and Mineral Resources, Tarek el-Molla, signed on Friday nine new agreements to search for oil and…
CBE extends exemptions on fees and commissions due to coronavirus surge
December 29, 2020
CBE extends exemptions on fees and commissions due to coronavirus surge
The Central Bank of Egypt’s Board of Directors on Monday has chosen to extend several decisions taken to confront repercussions…
Coronavirus lockdown abroad forces Egypt’s potato farmers to abandon their crops
December 22, 2020
Coronavirus lockdown abroad forces Egypt’s potato farmers to abandon their crops
Wholesale prices for potatoes have decreased sharply over the past week, driving Egyptian farmers to abandon their own crops due…
Egypt signs agreements with USTDA to upgrade major refineries
December 19, 2020
Egypt signs agreements with USTDA to upgrade major refineries
Egypt’s Ministry of Petroleum and Mineral Resources signed two grant agreements with the US Trade and Development Agency on Thursday…
Sisi approves $500 mn housing loan agreement with IBRD
December 17, 2020
Sisi approves $500 mn housing loan agreement with IBRD
Egypt’s President Abdel Fattah al-Sisi issued a decreeon Wednesday approving a US$500 million loan agreement between Egypt and the International…