Economy

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…
Friday’s US dollar to Egyptian pound exchange rates

Friday’s US dollar to Egyptian pound exchange rates

The US dollar to Egyptian pound exchange rate on Friday recorded LE15.63 for purchase and LE15.73 for sale in the…
Friday’s Euro to Egyptian pound exchange rate

Friday’s Euro to Egyptian pound exchange rate

The Euro to Egyptian pound exchange rate on Friday recorded LE18.48 for purchase and LE18.63 for sale at the NBE…
Egyptian expatriate remittances expected to reach US$30 billion

Egyptian expatriate remittances expected to reach US$30 billion

Egypt’s economic and social development plan for the fiscal year 2021/22, which was approved by the House of Representatives, predicted…
Egypt says will release plastic money by early November

Egypt says will release plastic money by early November

The Egyptian presidency announced Saturday that new polymer plastic banknotes will be released into circulation by early November. Its statement…
Moody’s keeps Egypt’s credit rating at B2 with Stable Outlook

Moody’s keeps Egypt’s credit rating at B2 with Stable Outlook

Egyptian Finance Minister Mohamed Maait announced Saturday that the Moody’s credit rating institute has kept Egypt’s credit rating in both…
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