Economy
Five coalitions express interest in land of former Egyptian National Democratic Party headquarters
December 8, 2021
Five coalitions express interest in land of former Egyptian National Democratic Party headquarters
The CEO of the Sovereign Fund of Egypt Ayman Soliman announced Tuesday that five coalitions have expressed their desire to…
Central Bank of Egypt says foreign currency reserves up to $40.909 bn in November
December 7, 2021
Central Bank of Egypt says foreign currency reserves up to $40.909 bn in November
The Central Bank of Egypt (CBE) announced on Tuesday that international foreign currency reserves increased at the end of November…
Egypt’s apparel exports up by 40 percent from January to October
December 5, 2021
Egypt’s apparel exports up by 40 percent from January to October
Egypt’s Ready-Made Garments Export Council (RMGEC) announced Sunday that the sector’s exports increased by 40 percent from January to October,…
Egypt increases prices for gas cylinders
December 4, 2021
Egypt increases prices for gas cylinders
The Ministry of Petroleum and Mineral Resources in Egypt began on Saturday to enforcing an increase to the prices of…
Egypt discusses with Belarusian MAZ the production of natural gas buses
December 4, 2021
Egypt discusses with Belarusian MAZ the production of natural gas buses
The Egyptian Minister of the Public Business Sector, Hisham Tawfek, discussed with a delegation from the Belarusian MAZ company a…
Investors flee U.S. corporate junk debt on inflation, Omicron concerns
December 4, 2021
Investors flee U.S. corporate junk debt on inflation, Omicron concerns
CHICAGO, Dec 2 (Reuters) – Worries over surging inflation and a new variant of the coronavirus are roiling the U.S.…
Egypt reaches agreement with Transmashholding for maintenance of passenger coaches
December 4, 2021
Egypt reaches agreement with Transmashholding for maintenance of passenger coaches
The Egyptian Minister of Transport Kamel al-Wazir announced, on Saturday, that an agreement had been reached with the Russian company…
Romanian delegation hold talks in Egypt over investments in SCZONE
December 4, 2021
Romanian delegation hold talks in Egypt over investments in SCZONE
A Romanian delegation held talks with officials of the Suez Canal Economic Zone (SCZONE) to discuss ways to enhance cooperation…
CBE exemptions on fees expire by the end of December
December 1, 2021
CBE exemptions on fees expire by the end of December
Thee Central Bank of Egypt’s (CBE) initiative cancelling fees on withdrawal and inquiry via ATM machines for non-customers will expire…
Egyptian parliament introduces 10% tax on mobile phones
November 28, 2021
Egyptian parliament introduces 10% tax on mobile phones
The House of Representatives approved during Sunday’s plenary session the Presidential Decree No. 558 of 2021 to amend some categories…