Economy

Gold prices retreat in Egypt on Friday

Gold prices retreat in Egypt on Friday

The price of gold bullion witnessed a decline on Friday coinciding with the global decline in the price of the…
Central Bank of Egypt issues statement clarifying limits on foreign and domestic currency exchange

Central Bank of Egypt issues statement clarifying limits on foreign and domestic currency exchange

The Central Bank of Egypt (CBE) has denied recent rumors suggesting that banks will be required to impose daily and…
Egypt seeks to import wheat from Turkey

Egypt seeks to import wheat from Turkey

Egypt is looking to import wheat from Turkey in addition to other sources, the Asharq Business website reported the head…
SCZone slams reports claiming it has borrowed LE19 billion

SCZone slams reports claiming it has borrowed LE19 billion

The General Authority of the Suez Canal Economic Zone (SCZone) in a statement on Tuesday slammed reports claiming it planned…
Egypt’s bourse shows mixed performance at close of Sunday’s trading

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 strong purchases by local institutions…
US dollar exchange rate across major Egyptian banks

US dollar exchange rate across major Egyptian banks

The US dollar exchange rate against the Egyptian pound remained relatively stable across several major Egyptian banks on Friday. Below…
Turkey establishes ready-made clothes project in Egypt with investments worth US$40 million

Turkey establishes ready-made clothes project in Egypt with investments worth US$40 million

The Chairman for the General Authority of the Suez Canal Economic Zone (SCZONE) Waleid Gamal al-Dein, on Tuesday, laid the…
Experts note 10% decline in online purchases after rising inflation in Egypt

Experts note 10% decline in online purchases after rising inflation in Egypt

Experts in the online purchasing sector confirmed that the increase in Egypt’s inflation rates will impact the rate of consumer…
Is the Egyptian pound facing new losses?

Is the Egyptian pound facing new losses?

Fitch Solutions revealed its expectations for the US dollar exchange rate against the Egyptian pound during the current fiscal year…
Stock market indices show mixed performance at close of trading

Stock market indices show mixed performance at close of trading

CAIRO, Aug 12 (MENA) – Egyptian Exchange (EGX) indices showed mixed performance at close of Monday’s trading backed by strong…
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