Economy
CBE announces increase of US$ 41 million in foreign reserves during April
May 8, 2022
CBE announces increase of US$ 41 million in foreign reserves during April
The balance of foreign exchange reserves at the Central Bank of Egypt increased at the end of April by about…
US dollar exchange rate on Sunday in Egypt banks
May 8, 2022
US dollar exchange rate on Sunday in Egypt banks
The US dollar exchange rate witnessed stability over the past week due to the closure of banks during Eid al-Fitr…
CBE announces date of the Monetary Policy Committee meeting
May 7, 2022
CBE announces date of the Monetary Policy Committee meeting
An official source at the Central Bank of Egypt said that the Monetary Policy Committee of the bank will meet…
Us dollar nearing its highest price in 20 years
May 6, 2022
Us dollar nearing its highest price in 20 years
The US dollar index approached its highest level in 20 years against other major currencies, in Friday’s trading, as the…
Amendments to income tax aim to relieve burden on citizens, assures Egypt’s Finance Minister
May 3, 2022
Amendments to income tax aim to relieve burden on citizens, assures Egypt’s Finance Minister
Egyptian Finance Minister Mohamed Maait said that amendments to the income tax law, approved by the Cabinet and referred to…
FEI’s Tobacco Division warns of disruptions in tobacco production
April 26, 2022
FEI’s Tobacco Division warns of disruptions in tobacco production
The Tobacco Division of the Federation of Egyptian Industries warned against the cessation of cigarette and tobacco factories from production…
Egypt government supports private sector and expands in free zones: PM
April 24, 2022
Egypt government supports private sector and expands in free zones: PM
Egyptian Prime Minister Mostafa Madbouly assured that the government is working hard to attract more investments and support the private…
Egypt presents its economic reform experience at the World Bank and IMF Spring Meetings
April 24, 2022
Egypt presents its economic reform experience at the World Bank and IMF Spring Meetings
Egyptian Finance Minister Mohamed Maait presented his country’s experience in economic reform before the Spring Meetings of the World Bank…
US dollar exchange rates in Egypt banks on Sunday
April 24, 2022
US dollar exchange rates in Egypt banks on Sunday
The US dollar exchange rate maintained stable prices on Sunday, with rates increasing by eight piasters on Thursday. The US…
Egypt government discusss with Italy’s Technip development of Delta Fertilizers
April 23, 2022
Egypt government discusss with Italy’s Technip development of Delta Fertilizers
Egypt’s Minister of Public Business Sector Hisham Tawfik met on Friday with officials from the Italian company Technip, which is…