Economy

Egypt to purchase 475,000 tons of Russian and Ukrainian wheat

Egypt to purchase 475,000 tons of Russian and Ukrainian wheat

  Egypt’s General Authority for Supply Commodities (GASC) made contracts on behalf of the Supply Ministry to purchase 475,000 tons…
Egypt contracts PRL to purchase 50 new locomotives

Egypt contracts PRL to purchase 50 new locomotives

  Egyptian Railways Authority signed a memorandum of understanding with Progress Rail Locomotives (PRL), for the maintenance and upgrading of…
Egypt to choose sovereign wealth fund manager in global competition: Planning Minister

Egypt to choose sovereign wealth fund manager in global competition: Planning Minister

  Minister of Planning, Monitoring and Administrative Reformation Hala al-Said stated on Saturday that a ministerial committee would choose the…
Output for Egypt’s Zohr gas field increases to 2 billion cubic feet per day

Output for Egypt’s Zohr gas field increases to 2 billion cubic feet per day

  Egypt’s Minister of Petroleum and Mineral Resources Tariq al-Mulla announced on Friday that production at the Zohr gas field…
Egypt to offer 4.5 pct stake in cigarette maker Eastern Company

Egypt to offer 4.5 pct stake in cigarette maker Eastern Company

Egypt will launch its programme for offering shares in state companies by offering a 4.5 percent stake in its top…
Egypt’s foreign currency reserve rose to US $44.41 billion in August: CBE

Egypt’s foreign currency reserve rose to US $44.41 billion in August: CBE

  The Central Bank of Egypt (CBE) announced on Wednesday that Egypt’s foreign currency reserves rose to US $44.41 billion…
Times are a-changin’ in London where contactless is king

Times are a-changin’ in London where contactless is king

  For centuries, London has sustained a street-level economy where performers and vendors make a living from the spare change…
World Bank offers Egypt $500 mn for agriculture

World Bank offers Egypt $500 mn for agriculture

In a meeting with Agriculture Minister Ezz El-Din Abu Steit, the World Bank offered Egypt a flexible loan of US$…
Dollar maintains prices against Egyptian Pound

Dollar maintains prices against Egyptian Pound

  The US Dollar exchange rate saw stable prices against Egyptian Pound in several Egyptian banks with average of LE17.80…
Egypt’s economic credit rating best since 2011: Minister

Egypt’s economic credit rating best since 2011: Minister

  Minister of Planning, Monitoring and Administrative Reform Hala al-Said announced on Saturday that Moody’s credit outlook rating for the…
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