Economy

USD bank exchange rate below LE18, stable

USD bank exchange rate below LE18, stable

The USD exchange rate on Thursday is stable in Egyptian banks, according to local bankers. The US dollar is being…
Egypt Reserves Reach Record High of Over $36 Billion

Egypt Reserves Reach Record High of Over $36 Billion

Egypt’s foreign reserves reached $36.036 billion in July, a record high, which the prime minister described as “good news” as…
US dollar still stands below LE18

US dollar still stands below LE18

The US exchange rate against the Egyptian pound slightly stood under LE18 within the bank dealings on Tuesday morning. According to…
Private sector still faces “risks” after EGP devaluation: Financial Times

Private sector still faces “risks” after EGP devaluation: Financial Times

Factories and entrepreneurs in Egypt are still facing tremendous “risks” after the flotation of the Egyptian pound in November 2016, the…
Custom US dollar price declines to LE16.25: Minister of Finance:

Custom US dollar price declines to LE16.25: Minister of Finance:

In a statement Sunday, the Minister of Finance Amr al-Garhi said the Ministry will decline the custom US dollar price…
US dollar records less than LE18

US dollar records less than LE18

US dollar exchange rates against Egyptian pound fell below LE18 in bank dealings on Sunday morning. According to the latest currency…
Countries where North Korea makes money despite sanctions

Countries where North Korea makes money despite sanctions

Though facing tough international sanctions, North Korea uses an elaborate network of countries around the world to earn money. Here’s…
Official denies Egypt imports LNG from Qatar

Official denies Egypt imports LNG from Qatar

An official source from the Ministry of Petroleum has said that Egypt has never directly imported natural gas from Qatar,…
Egypt eyes $30 billion investments in SCZone

Egypt eyes $30 billion investments in SCZone

Minister of International Cooperation Sahar Nasr said that Egypt aims to attract investments of about $30 billion in the Suez…
Social Solidarity Ministry to provide citizens with disabilities financial support

Social Solidarity Ministry to provide citizens with disabilities financial support

For the first time in Egypt, monetary support will be provided to people with disabilities, said Social Solidarity Minister Ghada…
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