Economy
Egypt’s central bank keeps key interest rates unchanged
May 27, 2019
Egypt’s central bank keeps key interest rates unchanged
CAIRO, May 23 (Reuters) – Egypt’s central bank on Thursday kept its key interest rates unchanged, in line with a…
Egypt govt to found new company for establishing wholesale markets
May 27, 2019
Egypt govt to found new company for establishing wholesale markets
The Egyptian Cabinet is considering a request from the Supply Ministry to establish a company specializing in the establishment and…
US dollar prices in Egypt continue decline on Sunday: CBE
May 26, 2019
US dollar prices in Egypt continue decline on Sunday: CBE
US dollar prices continued their decline in several banks in Egypt on Sunday, according to price updates issued by the…
Seven startups to represent Egypt globally in 2019 GES
May 21, 2019
Seven startups to represent Egypt globally in 2019 GES
Seven of Egypt’s most prominent startups will represent the country in the 2019 Global Entrepreneurship Summit (GES) in The Hague…
Electricity prices to increase in July: minister
May 21, 2019
Electricity prices to increase in July: minister
The Minister of Electricity and Renewable Energy Mohamed Shaker revealed that the new increase in electricity prices, which will be…
Average weekly wage LE1,104 in 2018: CAPMAS
May 20, 2019
Average weekly wage LE1,104 in 2018: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Monday that the average weekly wage in 2018 for…
US dollar maintains stable rates against Egyptian pound
May 19, 2019
US dollar maintains stable rates against Egyptian pound
The US dollar maintained stable rates against the Egyptian pound on Sunday morning, with an average exchange rate of LE17.…
Central Bank of Egypt to increase capital to LE20 bn
May 19, 2019
Central Bank of Egypt to increase capital to LE20 bn
The Central Bank of Egypt (CBE) will raise its capital to LE20 billion following the adoption of the new bill…
IMF agrees with Egyptian authorities on fifth review of Egypt’s economic reform program
May 17, 2019
IMF agrees with Egyptian authorities on fifth review of Egypt’s economic reform program
The International Monetary Fund (IMF) mission to Cairo reached a staff-level agreement with the Egyptian authorities for the completion of…
Parliament approves grant of more than €4 mn to develop entrepreneurship
May 15, 2019
Parliament approves grant of more than €4 mn to develop entrepreneurship
Egypt’s House of Representatives on Tuesday approved an agreement signed in February to receive a €4.012 million grant for the…