Economy
Photos: Egypt releases first Polymer banknotes
July 5, 2022
Photos: Egypt releases first Polymer banknotes
The Central Bank of Egypt has introduced the ten-pound denomination of plastic (polymer) notes, produced using the latest banknote production…
US dollar rises by 148 piasters in about a month against Egyptian pound
July 3, 2022
US dollar rises by 148 piasters in about a month against Egyptian pound
The price of the US dollar in Egypt witnessed an increase since June 5 until Sunday. According to the prices…
Russian ruble rises against the US dollar, hitting highest level since 2015
June 22, 2022
Russian ruble rises against the US dollar, hitting highest level since 2015
The Russian ruble rose against the US dollar, hitting its highest level since July 2015. This could raise the Russian…
US dollar exchange rate continues to rise in Egypt
June 22, 2022
US dollar exchange rate continues to rise in Egypt
The price of the US dollar in Egypt is still of interest to many in Egypt during this period,…
Egypt hosts the 5th round of trade negotiations with Eurasian Union
June 19, 2022
Egypt hosts the 5th round of trade negotiations with Eurasian Union
The Egyptian Minister of Industry and Trade, Nevine Gamea announced Saturday that Cairo will host the fifth round of negotiations…
US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years
June 19, 2022
US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years
The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive…
COVID-19 made pharmaceutical industry in Africa a continental priority: Egypt minister
June 18, 2022
COVID-19 made pharmaceutical industry in Africa a continental priority: Egypt minister
Egyptian Finance Minister Mohamed Maait said on Saturday that the coronavirus pandemic has made the pharmaceutical industry in Africa a…
Egypt Stock Exchange worst performance in Arab region during 1st quarter of 2022
June 14, 2022
Egypt Stock Exchange worst performance in Arab region during 1st quarter of 2022
The Financial Supervisory Authority revealed that the Egyptian Stock Exchange was the worst performing among the stock exchanges in the…
Sovereign Fund of Egypt to cooperate with Islamic Development Bank in upcoming projects
June 11, 2022
Sovereign Fund of Egypt to cooperate with Islamic Development Bank in upcoming projects
The President of the Islamic Development Bank Group Mohamed Al-Jasser praised Egypt’s experience in establishing the Sovereign Fund of Egypt…
World Bank raises forecast for growth of Egypt economy to 6.1% in 2022
June 8, 2022
World Bank raises forecast for growth of Egypt economy to 6.1% in 2022
The World Bank on Tuesday raised its forecast for the growth of the Egyptian economy during 2022 to 6.1 percent,…