Economy

Egypt authorities reduce compensation on Ever Given from $916 million to $550 mn

Egypt authorities reduce compensation on Ever Given from $916 million to $550 mn

The head of the Suez Canal Authority Osama Rabie announced Monday that the Suez Canal Authority is engaged in a…
Polymer plastic money to be put up on Egyptian market in June

Polymer plastic money to be put up on Egyptian market in June

The deputy governor of the Central Bank of Egypt for the cash printing house Khaled Farouk revealed in earlier statements…
Egypt to establish 1st factory in Africa to produce high-precision lathing machines

Egypt to establish 1st factory in Africa to produce high-precision lathing machines

Egyptian President Abdel Fattah al-Sisi on Saturday received the CEO of Germany’s DMG MORI Christian Thönes to discuss cooperation between…
South Korean companies interested in investing in Egypt’s Suez Canal

South Korean companies interested in investing in Egypt’s Suez Canal

South Korean companies have expressed interest in cooperating with Egypt in areas such as investments in the Suez Canal, alongside…
US dollar to Egyptian pound exchange rate for Thursday

US dollar to Egyptian pound exchange rate for Thursday

The US dollar to Egyptian pound exchange rate on Thursday recorded LE15.61 for purchase and LE15.71 for selling in most…
US dollar to Egyptian pound exchange rate for Wednesday

US dollar to Egyptian pound exchange rate for Wednesday

The US dollar to Egyptian pound exchange rate on Wednesday recorded LE15.61 for purchase and LE15.71 for sale in most…
Egyptian senate approves sovereign bonds law in principle

Egyptian senate approves sovereign bonds law in principle

Egypt’s parliament on Monday approved in principle a draft law submitted by the government regarding the issuance of a sovereign…
Egypt reduces compensation claims over Suez Canal closure

Egypt reduces compensation claims over Suez Canal closure

Head of the Suez Canal Authority (SCA) Osama Rabie said on Sunday that Egypt has offered to reduce its compensation…
Egypt’s agricultural exports up to 2.7 million tons from January to April

Egypt’s agricultural exports up to 2.7 million tons from January to April

The Egyptian Ministry of Agriculture and Land Reclamation announced Friday that the volume of agricultural exports has increased to more…
US$1 billion in new investments for Khaleda and Qarun oil fields

US$1 billion in new investments for Khaleda and Qarun oil fields

Egyptian Minister of Petroleum and Mineral Resources, Tarek al-Molla, chaired, on Wednesday, the meeting of the general assembly of both…
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