Business
EU approves cryptocurrency regulation law
October 7, 2022
EU approves cryptocurrency regulation law
The Council of the EU has approved a bill regulating cryptocurrencies, especially bitcoin. The final text of the regulation…
US dollar stabilizes on Friday
October 7, 2022
US dollar stabilizes on Friday
The price of the US dollar stabilized against the Egyptian pound, on Friday, to record an average exchange rate of…
Banks in Egypt reduce cash withdrawal limits abroad
October 6, 2022
Banks in Egypt reduce cash withdrawal limits abroad
A number of Egyptian banks have reduced the limits of cash withdrawals for customers outside Egypt, in a measure aimed…
Sawiris plans to establish four new hotels in Egypt
October 6, 2022
Sawiris plans to establish four new hotels in Egypt
Egyptian billionaire Naguib Sawiris plans to establish four hotels in Egypt, with investments ranging between US$200 and $300 million through…
Egypt’s Tarboul industrial city first phase investments amount to $3 billion
October 5, 2022
Egypt’s Tarboul industrial city first phase investments amount to $3 billion
The investments of the first phase of the “Tarboul” industrial city project amounts to US$3 billion, Chairman of the Board…
Egypt’s Finance Ministry to provide LE2 bln in liquidity to exporters
October 5, 2022
Egypt’s Finance Ministry to provide LE2 bln in liquidity to exporters
The Finance Ministry will pay two billion LE to exporting companies, with the aim of providing the liquidity required to…
Finance min. says Sisi reshaping Egypt’s economy
October 5, 2022
Finance min. says Sisi reshaping Egypt’s economy
Finance Minister Mohamed Maait said Wednesday that President Abdel Fattah al-Sisi is reshaping Egypt’s economy by empowering the private sector,…
US$16 billion worth of Kuwaiti investments in Egypt, official
October 5, 2022
US$16 billion worth of Kuwaiti investments in Egypt, official
Member of the Egyptian-Kuwaiti Cooperation Council, Ahmed Kilany, said that the volume of Kuwaiti investments in Egypt exceeds US$…
Saudi Egyptian Investment Company acquires 34% of B.TECH
October 4, 2022
Saudi Egyptian Investment Company acquires 34% of B.TECH
The Saudi Egyptian Investment Company (SEIC), which is affiliated with the Saudi Public Investment Fund (the sovereign fund), acquired a…
Egypt announces an increase in foreign assets deficit
October 4, 2022
Egypt announces an increase in foreign assets deficit
The Central Bank of Egypt announced that the net foreign assets deficit in the banking sector increased by about fiv…