Economy
Germany to allocate 151.5 million euros to support 15 projects in Egypt
August 18, 2021
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
August 18, 2021
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
August 15, 2021
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
August 11, 2021
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
August 8, 2021
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
August 6, 2021
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
August 6, 2021
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
August 2, 2021
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
August 1, 2021
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
August 1, 2021
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…