Business
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…
CBE responds to rise in US dollar exchange rate
October 15, 2022
CBE responds to rise in US dollar exchange rate
The Central Bank of Egypt (CBE) issued analysis showed that the US dollar index rose globally by 0.60 percent, benefiting…
Agility to establish two logistics services centers in Egypt with investments of $60 mln
October 12, 2022
Agility to establish two logistics services centers in Egypt with investments of $60 mln
The Kuwaiti Agility company plans to establish and operate two logistics and customs services centers in the industrial zone of…
Egypt reduces total deficit to 6.1% of GDP in FY 2021/22: ministry
October 12, 2022
Egypt reduces total deficit to 6.1% of GDP in FY 2021/22: ministry
Egypt recorded in the fiscal year ending in June 2022 a growth rate of 6.6 percent, and a primary surplus…
Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister
October 12, 2022
Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister
The Suez Canal achieved the highest return of about US$7 billion in the fiscal year 2021/2022, and the oil sector…
Egypt to register economic growth of 4.8% in 2023: World Bank
October 12, 2022
Egypt to register economic growth of 4.8% in 2023: World Bank
The World Bank stated that Egypt will have a positive economic growth rate in 2023 of 4.8 percent, TV host…