Economy

Egypt aims to increase Suez Canal returns by LE6 billion in 2021/22

Egypt aims to increase Suez Canal returns by LE6 billion in 2021/22

Egypt’s Ministry of Planning and Economic Development said on Sunday that it plans to increase the returns of the Suez…
The internal trade sector contributes 21% of the GDP, assistant minister

The internal trade sector contributes 21% of the GDP, assistant minister

The first Assistant Minister of Supply and Internal Trade Ibrahim Ashmawy announced that the internal trade sector contributed 21 percent…
Presidential mandate aims to transform Egypt into a developed global logistics area: Minister

Presidential mandate aims to transform Egypt into a developed global logistics area: Minister

Egyptian Finance Minister Mohamed Maait announced Wednesday that there are presidential orders in place to speed up a modernized customs…
Egypt’s non-oil exports up 22 percent within 7 months

Egypt’s non-oil exports up 22 percent within 7 months

Egyptian Minister of Trade and Industry Nevine Gamea announced Saturday that the nation’s non-oil exports have increased by 22 percent…
Friday’s US dollar to Egyptian pound exchange rates

Friday’s US dollar to Egyptian pound exchange rates

On Friday, the US dollar recorded LE15.63 for purchase and LE15.70 for sale at Banque Misr and the National Bank…
Germany to allocate 151.5 million euros to support 15 projects in Egypt

Germany to allocate 151.5 million euros to support 15 projects in Egypt

Germany has agreed to allocate funds worth 151.5 million euros to finance 15 development projects within Egypt’s technical education, vocational…
Egyptian expats remittances up by US$ 3.3 billion

Egyptian expats remittances up by US$ 3.3 billion

The Central Bank of Egypt (CBE) has showed that remittances from Egyptians working abroad during the first 11 months of…
Egypt says moving steadily towards cashless economy

Egypt says moving steadily towards cashless economy

The Egyptian Cabinet’s Information and Decision Support Center (IDSC) announced Sunday that Egypt has joined the list of countries whose…
SCZone: Russian Industrial Zone will be first of its kind for Moscow

SCZone: Russian Industrial Zone will be first of its kind for Moscow

Head of the Suez Canal Economic Zone (SCZone) Yahya Zaki said on Tuesday that the Russian Industrial Zone (RIZ), which…
Egypt reports over 32% increase in mobile phone imports in May

Egypt reports over 32% increase in mobile phone imports in May

The Central Agency for Public Mobilization and Statistics (CAPMAS) reported a 32.25 percent increase in mobile phone imports in May…
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