Economy

New flotation of Egyptian pound not possible: MP

New flotation of Egyptian pound not possible: MP

The Egyptian pound has already been floated, a measure that will continue for four years, said the Chairman of the…
Gold prices to continue rising during coming period: official

Gold prices to continue rising during coming period: official

The head of the General Division for Gold and Jewelry at the Federation of Egyptian Chambers of Commerce Hani Milad…
CBE to receive billion dollars from RSF in January

CBE to receive billion dollars from RSF in January

Informed sources said that the loan decided by the Resilience and Sustainability Facility (RSF), of the International Monetary Fund recently…
Saudi Arabia extends term of US$ 5 billion deposit for CBE

Saudi Arabia extends term of US$ 5 billion deposit for CBE

Saudi Arabia extended the term of a US$ 5 billion deposit with the Central Bank of Egypt, the Saudi Press…
Egypt says to receive US$1 billion from IMF loan soon

Egypt says to receive US$1 billion from IMF loan soon

Egyptian Finance Minister Mohamed Maait said that the loan agreed upon with the International Monetary Fund (IMF) amounting to about…
bp has been awarded new exploration blocks in Egypt’s Offshore Nile Delta

bp has been awarded new exploration blocks in Egypt’s Offshore Nile Delta

British Petroleum (bp) announced on Monday that it has been awarded two exploration blocks in the Mediterranean Sea, offshore Egypt…
US dollar price in Egypt on Monday

US dollar price in Egypt on Monday

On Monday, November 28, the price of the US dollar stabilized against the Egyptian pound, in most banks operating in…
Hani Genena reveals April as date of US dollar exchange rate stability

Hani Genena reveals April as date of US dollar exchange rate stability

Egyptian economist Hani Genena announced that the Central Bank of Egypt’s increase interest rate by three percent in March came…
US dollar price rises in Egypt

US dollar price rises in Egypt

The average price of the US dollar on Tuesday at the Central Bank of Egypt, compared to Monday, increased by…
Egypt, UAE to establish mega wind energy project with capacity of 10 GW

Egypt, UAE to establish mega wind energy project with capacity of 10 GW

The President of the UAE, Sheikh Mohamed bin Zayed Al Nahyan, announced the signing of an agreement to establish one…
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