Economy

US Dollar to Egyptian pound exchange rates for Wednesday

US Dollar to Egyptian pound exchange rates for Wednesday

The US dollar to Egyptian pound exchange rate on Wednesday recorded a low of LE15.64 for purchase and LE15.74 for…
Egypt plans world’s largest spinning and weaving factory at LE900 mln

Egypt plans world’s largest spinning and weaving factory at LE900 mln

Egypt is preparing to announce the establishment of the largest spinning and weaving factory in the world in Mahalla al-Kubra,…
Gold prices rise in Egyptian market, 21-karat now LE764

Gold prices rise in Egyptian market, 21-karat now LE764

Gold prices in Egypt rose by at least nine LE for all kinds on Saturday compared to Friday. Friday saw…
Egypt gears up to manufacture vehicle tires of all kinds

Egypt gears up to manufacture vehicle tires of all kinds

Minister of Public Business Sector Hisham Tawfik, alongside Minister of State for Military Production Mohamed Ahmed Morsi, and Chairman of…
US dollar to Egyptian pound exchange rate increases by one piaster

US dollar to Egyptian pound exchange rate increases by one piaster

The US dollar to Egyptian pound exchange rate increased by one piaster on Thursday, recording LE15.66 for purchase and LE15.76…
Fitch Ratings affirms Egypt’s ‘B+’ with stable outlook

Fitch Ratings affirms Egypt’s ‘B+’ with stable outlook

American credit rating agency Fitch Ratings affirmed on Wednesday Egypt’s Long-Term Foreign Currency Issuer Default Rating (IDR) at ‘B+’, with…
EgyptAir’s flight to Morocco halted, losses amount to LE500 million per month

EgyptAir’s flight to Morocco halted, losses amount to LE500 million per month

EgyptAir’s daily flight to Casablanca, Morocco, has stopped operating after Moroccan authorities extended the state of emergency in the country…
Gold prices at lowest point, Egyptians encouraged to buy this week

Gold prices at lowest point, Egyptians encouraged to buy this week

The Secretary of the Gold Division at the Federation of Egyptian Chambers of Commerce Nady Naguib announced Saturday that gold…
World Bank approves US$440 million development fund to develop Egypt’s railways

World Bank approves US$440 million development fund to develop Egypt’s railways

Egypt’s Minister of International Cooperation Rania al-Mashat announced Saturday that the World Bank’s Board of Executive Directors on Friday approved…
Video: Egypt renovating Arish Port in North Sinai to reach international standards

Video: Egypt renovating Arish Port in North Sinai to reach international standards

The Suez Canal Economic Zone (SCZone) announced that it is developing the Arish Port in North Sinai to match up…
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