Economy

US dollar exchange rate stable in Egypt banks

US dollar exchange rate stable in Egypt banks

  The US dollar exchange rate maintained stable prices in Egypt banks against the local currency on Tuesday. Despite increasing…
Significant decline in gold prices in Egypt and globally on Wednesday

Significant decline in gold prices in Egypt and globally on Wednesday

Gold prices declined on Wednesday in Egypt at the start of trading, with prices declining globally after traders flocked to…
Egyptian exports to Arab countries up by 27% in 2021

Egyptian exports to Arab countries up by 27% in 2021

Egypt’s exports achieved unprecedented positive indicators in 2021, reaching US$32.13 billion, compared to $25.43 billion in 2020 – an increase…
CAPMAS announces 22.3% increase in bank deposits during 2020/2021

CAPMAS announces 22.3% increase in bank deposits during 2020/2021

The Central Agency for Public Mobilization and Statistics announced that bank deposit balances in 2020/2021 were LE5,731.5 billion, an increase…
Egypt to establish ‘City for Gold’ in the New Administrative Capital: Minister

Egypt to establish ‘City for Gold’ in the New Administrative Capital: Minister

Egypt’s Minister of Trade and Industry Nevine Gamea announced that the government is currently working on establishing a “City of…
World Bank says it is eager to strengthen partnership with Egypt

World Bank says it is eager to strengthen partnership with Egypt

World Bank officials have affirmed their desire to strengthen the existing successful partnership with Egypt, during a meeting between Egyptian…
Egypt’s unemployment rate records 7.4% in Q4-2021: CAPMAS

Egypt’s unemployment rate records 7.4% in Q4-2021: CAPMAS

The Central Agency for Public Mobilization and Statistics (CAPMAS) announced the labor force statistics for the fourth quarter (October-December) of…
UAE Dragon Oil announces 1st oil discovery in the Gulf of Suez

UAE Dragon Oil announces 1st oil discovery in the Gulf of Suez

Dragon Oil Company, wholly owned by the Dubai government, announced a new petroleum discovery in the Gulf of Suez in…
Egypt has achieved an impressive progress in benefiting from gas assets: IEA head

Egypt has achieved an impressive progress in benefiting from gas assets: IEA head

The Executive Director of the International Energy Agency Fatih Birol said that what Egypt has achieved during the past years…
Sisi: Egypt spent US$ 400 billion to develop infrastructure over 7 years

Sisi: Egypt spent US$ 400 billion to develop infrastructure over 7 years

Egyptian President Abdel Fattah al-Sisi said on Monday that his country has implemented infrastructure projects worth US$ 400 billion over…
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