Business
US dollar, euro exchange rates hike on Thursday
August 25, 2022
US dollar, euro exchange rates hike on Thursday
The price of the US dollar rose by one piaster on Thursday in the National Bank of Egypt, while the…
Remittances from expats rise 1.6% to $31.9 bln in 2022: CBE
August 23, 2022
Remittances from expats rise 1.6% to $31.9 bln in 2022: CBE
Remittances from Egyptian expatriates increased during the fiscal year 2021/2022 at a rate of 1.6 percent, recording about US$31.9 billion,…
US dollar maintains stable exchange rate in Egypt on Monday
August 22, 2022
US dollar maintains stable exchange rate in Egypt on Monday
The US dollar exchange rate maintained stable rates in Egyptian banks on Monday. The price of the US dollar against…
Central banks add 270 tons of gold reserves so far in 2022
August 22, 2022
Central banks add 270 tons of gold reserves so far in 2022
Central banks around the world continue to add gold to their reserves, with 270 tons of gold added since the…
CAPMAS reports 169% increase in UAE investments in Egypt in the first half of 2020/2021
August 21, 2022
CAPMAS reports 169% increase in UAE investments in Egypt in the first half of 2020/2021
Data from the Central Agency for Public Mobilization and Statistics revealed on Sunday, that the value of Emirati investments in…
Arab countries invest the most in Egypt, UAE comes first
August 21, 2022
Arab countries invest the most in Egypt, UAE comes first
The Central Bank of Egypt announced that Arab countries are at the forefront of nations investing with Egypt, with net…
Sisi appoints Hassan Abdullah as acting governor of CBE
August 19, 2022
Sisi appoints Hassan Abdullah as acting governor of CBE
President Abdel Fattah al-Sisi issued a decree appointing Hassan Abdullah, Chairman of the Board of Directors of the United Company,…
CBE decision to fix interest rate contradicts expectations: expert
August 19, 2022
CBE decision to fix interest rate contradicts expectations: expert
The decision of the Monetary Policy Committee of the Central Bank came in contravention of the expectations of most international…
Sawiris sells his share in Beltone to Emirati Chimera Investments
August 18, 2022
Sawiris sells his share in Beltone to Emirati Chimera Investments
The board of directors of Orascom Financial Holding, whose main shareholder is Egyptian business tycoon Naguib Sawiris, has agreed to…
Egypt needs to depreciate its currency again: Bloomberg
August 17, 2022
Egypt needs to depreciate its currency again: Bloomberg
Bloomberg news agency reported that the increasing pressure on the Egyptian economy has led the largest banks in the world…