Economy
CBE announces 87% increase in remittances of Egyptians working abroad
September 10, 2024
CBE announces 87% increase in remittances of Egyptians working abroad
The Central Bank of Egypt (CBE) announced an 86.8 percent increase in remittances of Egyptians working abroad during July, for…
Egyptian banks increase withdrawal limit for travelers abroad
September 10, 2024
Egyptian banks increase withdrawal limit for travelers abroad
The Chairman of the Board of Directors of Banque Misr and Chairman of the Federation of Egyptian Banks, Mohamed al-Etreby,…
Egypt and China sign contracts worth $1 billion
September 7, 2024
Egypt and China sign contracts worth $1 billion
Egyptian Prime Minister Mostafa Madbouly on Friday witnessed a billion dollar project signing ceremony in the Chinese capital Beijing, on…
Economic indicators improve, Central Bank decides to keep rates steady
September 6, 2024
Economic indicators improve, Central Bank decides to keep rates steady
The Central Bank of Egypt has forecast a recovery in the country’s Gross Domestic Product (GDP) in the near future.…
Drop in US dollar exchange rate at Egypt banks
September 3, 2024
Drop in US dollar exchange rate at Egypt banks
The US dollar exchange rate saw noticeable stability on Tuesday against the Egyptian pound, after the dollar price decreased against…
Egypt welcomes Black & Decker’s first factory in MENA region
August 30, 2024
Egypt welcomes Black & Decker’s first factory in MENA region
Hussam Heiba, CEO of the General Authority for Investment and Free Zones, and a delegation from the American company Black…
Min. stresses offering needed support for Saint-Gobain Egypt to boost its investments
August 29, 2024
Min. stresses offering needed support for Saint-Gobain Egypt to boost its investments
Foreign Trade and Investment Minister Hassan Khatib asserted offering all needed support for Saint-Gobain Egypt to boost its investments in…
IMF eases support package conditions for Egypt
August 28, 2024
IMF eases support package conditions for Egypt
The International Monetary Fund (IMF) announced in a review that it has eased several conditions in its eight billion dollar…
Egypt’s bourse shows mixed performance at close of Sunday’s trading
August 26, 2024
Egypt’s bourse shows mixed performance at close of Sunday’s trading
Egyptian Exchange (EGX) indices showed mixed performance at the close of Sunday’s trading, backed by sales by institutions and Egyptian…
US Federal Reserve chairman’s remarks to drive up gold prices in Egypt: Official
August 25, 2024
US Federal Reserve chairman’s remarks to drive up gold prices in Egypt: Official
The global gold market is in a volatile state following statements from the Chairman of the US Federal Reserve Jerome…