Economy

US dollar price in Egypt now returns to its true value: Economist 

US dollar price in Egypt now returns to its true value: Economist 

Economist Sherif Awad explained on Friday that the Central Bank‘s one percent interest rate cut will have a positive impact…
Qatar to launch massive Red Sea tourism project with St. Regis

Qatar to launch massive Red Sea tourism project with St. Regis

The Qatari Ambassador to Egypt, Tariq Faraj al-Ansari, has revealed that Qatari Diar Real Estate Investment Company is preparing to…
Egyptian expat remittances double in a decade, hitting record $36.5 billion

Egyptian expat remittances double in a decade, hitting record $36.5 billion

The Egyptian Cabinet Media Center has released several infographics highlighting the record surge in remittances from Egyptians working abroad and…
Egypt secures fourth tranche of Japanese funding for Cairo Metro Line 4

Egypt secures fourth tranche of Japanese funding for Cairo Metro Line 4

Egypt and Japan have signed the exchanged letters and a financing agreement for the fourth tranche of the Greater Cairo…
Everything you need to know about the prices of iPhone 17 series in Egypt

Everything you need to know about the prices of iPhone 17 series in Egypt

Starting Friday, the Egyptian market is ready to receive pre-orders for the new iPhone 17 series. Consumers can place a…
Sawiris demands government offer employees 40-year apartment installments

Sawiris demands government offer employees 40-year apartment installments

In a televised interview on the “Hadret al-Mowaten” program, businessman Naguib Sawiris commented on the significant recent increase in real…
Gold heads for fourth weekly gain amid rate cut expectations

Gold heads for fourth weekly gain amid rate cut expectations

Global gold prices rose during early trading on Friday, heading for their fourth consecutive weekly increase. The growing concerns about…
No electricity price hike: Egypt’s Prime Minister

No electricity price hike: Egypt’s Prime Minister

Prime Minister Mostafa Madbouly affirmed that there is currently no increase in electricity prices. During a government press conference on…
Egypt launches massive LE 900 billion tourism project on Red Sea coast

Egypt launches massive LE 900 billion tourism project on Red Sea coast

Prime Minister Mostafa Madbouly on Monday evening witnessed the signing of partnership contracts between the Egyptian government, Emaar Misr and…
Egypt plans to reduce its debt to lowest level in history: PM

Egypt plans to reduce its debt to lowest level in history: PM

Prime Minister Mostafa Madbouly announced that Egypt is currently aiming to achieve the lowest debt reduction in its history, RT…
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