Economy

Egypt eager to increase funding on health and education sectors: Minister

Egypt eager to increase funding on health and education sectors: Minister

Finance Minister Mohamed Maait announced that Egypt aims to boost spending on its health, education and social development sectors to…
Suez Canal Zone signs LE10 billion financing contract with banking consortium

Suez Canal Zone signs LE10 billion financing contract with banking consortium

The head of the Suez Canal Economic Zone (SCZone), Yahya Zaki signed a financing contract for its projects with a…
Egypt’s trade balance deficit decreased by 9% during 2020

Egypt’s trade balance deficit decreased by 9% during 2020

An Egyptian government report on Sunday stated that the trade balance deficit fell during 2020 by nine percent, despite coronavirus…
Egypt’s ambassador to London and EBRD president discuss matters of cooperation

Egypt’s ambassador to London and EBRD president discuss matters of cooperation

Egypt’s ambassador to London, Tarek Adel held a video conference with the President of the European Bank for Reconstruction and…
Egypt welcomes Japan’s participation in major projects: Finance Minister

Egypt welcomes Japan’s participation in major projects: Finance Minister

Egyptian Finance Minister Mohamed Maait on Saturday met with a Japanese delegation headed by Matsunaga Hideki, Director General of the…
Financial indicators improve unprecedentedly in 2020-2021: minister

Financial indicators improve unprecedentedly in 2020-2021: minister

Egypt’s financial performance indicators from July to March in current fiscal year 2020-2021 saw an unprecedented improvement as a result…
Japan receives first shipment of Egyptian oranges

Japan receives first shipment of Egyptian oranges

After fulfilling the world’s strictest quarantine and technical requirements, a shipment of Egyptian oranges have made their way to Japan.…
US Dollar to Egyptian pound exchange rate for Tuesday

US Dollar to Egyptian pound exchange rate for Tuesday

The US dollar to Egyptian pound exchange rate on Monday recorded LE15.64 for purchase and LE15.74 for selling in the…
Central Bank of Egypt says foreign currency reserves up to $40.337 bn in March

Central Bank of Egypt says foreign currency reserves up to $40.337 bn in March

The Central Bank of Egypt (CBE) announced on Sunday that international foreign currency reserves increased at the end of March…
Egypt places a three-month ban on fava bean exports ahead of Ramadan

Egypt places a three-month ban on fava bean exports ahead of Ramadan

The official Egyptian Gazette published a decree on Sunday issued by the Minister of Trade and Industry Nevine Gamea to…
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