Economy
Gold prices retreat in Egypt on Friday
August 23, 2024
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
August 22, 2024
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
August 21, 2024
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
August 21, 2024
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
August 19, 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 strong purchases by local institutions…
US dollar exchange rate across major Egyptian banks
August 16, 2024
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
August 14, 2024
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
August 14, 2024
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?
August 14, 2024
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
August 14, 2024
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…