Business
US dollar price stabilizes on Wednesday in Egypt
December 14, 2022
US dollar price stabilizes on Wednesday in Egypt
On Wednesday, December 14, the price of the US dollar stabilized against the Egyptian pound, in most banks operating in…
US dollar price on Tuesday in Egypt
December 13, 2022
US dollar price on Tuesday in Egypt
On Tuesday, December 13, the price of the US dollar rose against the Egyptian pound, in most banks operating in…
Bloomberg: PIF prepares to acquire a bank in Egypt
December 13, 2022
Bloomberg: PIF prepares to acquire a bank in Egypt
The Saudi Public Investment Fund is in advanced talks for the acquisition of The United Bank, which is owned by…
Finance Ministry refutes rumors on US dollar rate reaching LE40
December 10, 2022
Finance Ministry refutes rumors on US dollar rate reaching LE40
During a phone-in with Sada al-Balad channel on Thursday, Maait touched on rumors on social media regarding the rise in…
IMF stresses need to maintain flexibility of exchange rate in Egypt
December 9, 2022
IMF stresses need to maintain flexibility of exchange rate in Egypt
Deputy Director of the Fiscal Affairs Department of the International Monetary Fund, Katherine Baer, stressed the need to maintain the…
Vodacom acquires 55% stake of Vodafone Egypt
December 9, 2022
Vodacom acquires 55% stake of Vodafone Egypt
The telecommunications company Vodacom Group, South Africa, completed the purchase of 132 million shares of Vodafone Egypt. This happened on…
US dollar price rises in Egypt on Thursday’s mid-trading
December 8, 2022
US dollar price rises in Egypt on Thursday’s mid-trading
On Thursday December 8, the price of the US dollar rose against the Egyptian pound. This is the case in…
MP calls on govt to clarify plans about floating the Egyptian pound
December 8, 2022
MP calls on govt to clarify plans about floating the Egyptian pound
Member of the Egyptian Parliament, Amira Abu Shaqqa, called on the Ministry of Industry and Trade to draw up a…
Cabinet approves draft resolution to establish the New Development Bank
December 7, 2022
Cabinet approves draft resolution to establish the New Development Bank
The cabinet approved, during Wednesday’s meeting chaired by Prime Minister Mostafa Madbouly, a draft decision of from the president approving…
MP requests briefing from PM on economic situation in Egypt
December 7, 2022
MP requests briefing from PM on economic situation in Egypt
Member of the House of Representatives and Vice President of the Egyptian Social Democratic Party, Freddy al-Bayady, submitted a request…