Economy

Hermes: Resumption of all Egypt-Russia flights will return US$3.5 billion in tourism revenue to Egypt

Hermes: Resumption of all Egypt-Russia flights will return US$3.5 billion in tourism revenue to Egypt

Mohamed Abu-Basha, deputy head of the research sector at EFG Hermes, praised the decision to resume flights between Egypt and…
US dollar to Egyptian pound exchange rate on Tuesday

US dollar to Egyptian pound exchange rate on Tuesday

The US dollar to Egyptian pound exchange rate on Tuesday recorded LE15.61 for purchase and LE15.71 for sale at the…
Egypt’s engineering exports up to $1.8 billion during first 9 months of 2020/21

Egypt’s engineering exports up to $1.8 billion during first 9 months of 2020/21

The Engineering Export Council of Egypt announced on Saturday that there has beenĀ  noticeable increase in engineering exports in the…
Egyptian non-oil exports up by 6% during first quarter of 2021

Egyptian non-oil exports up by 6% during first quarter of 2021

Egypt’s Ministry of Trade and Industry announced Saturday that the nation’s non-oil exports have achieved a remarkable six percent increase…
Egypt eager to increase funding on health and education sectors: Minister

Egypt eager to increase funding on health and education sectors: Minister

Finance Minister Mohamed Maait announced that Egypt aims to boost spending on its health, education and social development sectors to…
Suez Canal Zone signs LE10 billion financing contract with banking consortium

Suez Canal Zone signs LE10 billion financing contract with banking consortium

The head of the Suez Canal Economic Zone (SCZone), Yahya Zaki signed a financing contract for its projects with a…
Egypt’s trade balance deficit decreased by 9% during 2020

Egypt’s trade balance deficit decreased by 9% during 2020

An Egyptian government report on Sunday stated that the trade balance deficit fell during 2020 by nine percent, despite coronavirus…
Egypt’s ambassador to London and EBRD president discuss matters of cooperation

Egypt’s ambassador to London and EBRD president discuss matters of cooperation

Egypt’s ambassador to London, Tarek Adel held a video conference with the President of the European Bank for Reconstruction and…
Egypt welcomes Japan’s participation in major projects: Finance Minister

Egypt welcomes Japan’s participation in major projects: Finance Minister

Egyptian Finance Minister Mohamed Maait on Saturday met with a Japanese delegation headed by Matsunaga Hideki, Director General of the…
Financial indicators improve unprecedentedly in 2020-2021: minister

Financial indicators improve unprecedentedly in 2020-2021: minister

Egypt’s financial performance indicators from July to March in current fiscal year 2020-2021 saw an unprecedented improvement as a result…
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