Economy
India is in talks to export wheat to Egypt
March 22, 2022
India is in talks to export wheat to Egypt
The Bloomberg Agency revealed that India is in final talks to start exporting wheat to Egypt, the world’s largest importer,…
Egypt allocates LE130 billion to handle repercussions of economic challenges
March 21, 2022
Egypt allocates LE130 billion to handle repercussions of economic challenges
Egyptian Finance Minister Mohamed Maait announced Monday that a package of financial and social protection measures worth LE130 billion have…
New package with measures to mitigate economic repercussions in Egypt
March 21, 2022
New package with measures to mitigate economic repercussions in Egypt
Egyptian President Abdel Fattah al-Sisi directed the government on Sunday to immediately prepare a package of financial and social…
Central Bank of Egypt announces interest rate increase
March 21, 2022
Central Bank of Egypt announces interest rate increase
The Monetary Policy Committee of the Central Bank of Egypt decided in its extraordinary meeting on Monday to raise…
Gold prices increase in Egypt, 21-karat gold at LE 891
March 15, 2022
Gold prices increase in Egypt, 21-karat gold at LE 891
Gold prices in futures contracts continued to decline on Tuesday while the price of gold rose in spot transactions, after…
CBE issues an exceptional decision on rice, beans and lentils
March 14, 2022
CBE issues an exceptional decision on rice, beans and lentils
The Central Bank of Egypt (CBE) decided to extend the grace period for banks to exclude rice, beans and lentils…
Egypt takes strict measures to stop the repercussions of inflation
March 13, 2022
Egypt takes strict measures to stop the repercussions of inflation
Egypt took strict measures to control the repercussions of inflation and price increases impacted by the Russian-Ukrainian war. The government…
Egypt halts exports of oil, grits and corn for 3 months
March 12, 2022
Egypt halts exports of oil, grits and corn for 3 months
The Egyptian Minister of Trade and Industry, Nevine Gamea, issued a decision starting Saturday to halt exports of oil of…
SCZone meets with A.P. Moller-Maersk to talk green fuel
March 12, 2022
SCZone meets with A.P. Moller-Maersk to talk green fuel
The Head of the Suez Canal Economic Zone (SCZone) Yahya Zaki met with a delegation from the A.P. Moller-Maersk Group…
Egypt achieves highest economic growth rate since beginning of the millennium
March 12, 2022
Egypt achieves highest economic growth rate since beginning of the millennium
Finance Minister Mohamed Maait announced Friday that Egypt recorded the highest semi-annual growth rate since the beginning of the millennium…