Economy
US dollar price stabilizes in Egypt on Monday
November 7, 2022
US dollar price stabilizes in Egypt on Monday
The price of the US dollar stabilized Monday, on the second working day for banks, after the Federal Reserve raised…
EU provides support of up to US$300 mln to Egypt’s start-up sector: Official
November 6, 2022
EU provides support of up to US$300 mln to Egypt’s start-up sector: Official
The Secretary-General of the Federation of Egyptian Chambers of Commerce (FEDCOC), and head of the Union for Euro-Mediterranean Business Organizations,…
Will CBE raise interest rate in next meeting?
November 4, 2022
Will CBE raise interest rate in next meeting?
An economic expert expects that the Central Bank of Egypt would not resort to raising the interest rate at the…
US dollar exchange rate skyrockets on Friday
November 4, 2022
US dollar exchange rate skyrockets on Friday
The price of the US dollar jumped during the past days, after the Central Bank of Egypt raised the interest…
Gold price drops on Wednesday
November 2, 2022
Gold price drops on Wednesday
The price of gold on Wednesday fell by LE2 per gram in conjunction with the rise in the price of…
Increase in rebar prices, factories not selling
November 2, 2022
Increase in rebar prices, factories not selling
Ahmed al-Zainy, Chairman of the Building Materials Division, at the Federation of Egyptian Chambers of Commerce (FEDCOC), said that there…
Egypt’s energy sector expected to generate over US19 billions in revenues
November 1, 2022
Egypt’s energy sector expected to generate over US19 billions in revenues
Egypt is expected to generate alot of revenue from the energy sector in 2022. Predictions are to be exceeding US$19…
US dollar price exceeds LE24 in Egypt
October 31, 2022
US dollar price exceeds LE24 in Egypt
The price of the US dollar rose on Sunday evening to reach its highest level in 2022 so far breaking…
Egypt suffering from US$40 billion gap between exports and imports: Engineering Export Council
October 30, 2022
Egypt suffering from US$40 billion gap between exports and imports: Engineering Export Council
The head of the Egyptian Engineering Export Council (EEC) Sherif al-Sayyad announced Saturday that Egypt is suffering from a large…
Egypt’s GDP rises by 6.6% in 2021/2022 Fiscal Year: Forbes
October 29, 2022
Egypt’s GDP rises by 6.6% in 2021/2022 Fiscal Year: Forbes
Forbes Middle East has reported that Egypt’s gross domestic product has grown by 6.6 percent during the 2021/2022 fiscal year.…