Business
Standard & Poor’s affirms Egypt’s rating at B/B with a stable outlook
October 23, 2022
Standard & Poor’s affirms Egypt’s rating at B/B with a stable outlook
Standard & Poor’s affirmed Egypt’s rating at B/B with a stable outlook. In April, Moody’s credit rating agency decided to…
Egypt’s FRA participates in IOSCO’s meetings in Morocco
October 22, 2022
Egypt’s FRA participates in IOSCO’s meetings in Morocco
The Chairman of the Board of Directors of the Financial Regulatory Authority (FRA), Mohamed Farid, participated in the meeting of…
Fitch Solutions expects Egyptian economy growth to decline to 4.3%
October 22, 2022
Fitch Solutions expects Egyptian economy growth to decline to 4.3%
Fitch Solutions, a research company of Fitch Ratings Agency, expects a slowdown in the growth of economic activity in Egypt…
Ban on rice export continues in Egypt to cover local needs
October 21, 2022
Ban on rice export continues in Egypt to cover local needs
The Egyptian government announced the continuation of the ban on the export of rice abroad in order to secure the…
IMF loan to not solve economic crisis in Egypt radically: economist
October 20, 2022
IMF loan to not solve economic crisis in Egypt radically: economist
The IMF loan will not radically solve the economic crisis in Egypt, Hisham Badawy, an economist, stressed, adding that rationalizing…
US dollar prices decline in Egypt Tuesday
October 18, 2022
US dollar prices decline in Egypt Tuesday
On Tuesday, the price of the US dollar witnessed a decline at the end of the day against the Egyptian…
Egypt’s water deficit 21 billion cubic meters per year, food gap more than US$10 bln: minister
October 18, 2022
Egypt’s water deficit 21 billion cubic meters per year, food gap more than US$10 bln: minister
Egypt suffers from water scarcity and is close to a state of absolute scarcity, with a water deficit of about…
Egypt receives Russian wheat shipment via Damietta Port
October 17, 2022
Egypt receives Russian wheat shipment via Damietta Port
Cargo ship OXANA V, flying the flag of Panama and coming from Russia, delivered 38,850 tons of wheat imported by…
Eastern Mediterranean can backup energy security in Europe: Egyptian minister
October 16, 2022
Eastern Mediterranean can backup energy security in Europe: Egyptian minister
The Egyptian Minister of Petroleum and Mineral Resources, Tarek al-Mulla, said that natural gas reserves in the eastern Mediterranean can…
India seeks to increase trade exchange with Egypt to US$ 2 billion: Minister
October 16, 2022
India seeks to increase trade exchange with Egypt to US$ 2 billion: Minister
Indian Foreign Minister Subramaniam Jaishankar announced that his country is seeking to increase trade exchange with Egypt by up to…