Business
Capiter has not decided to liquidate its assets or lay off employees: CEO
September 12, 2022
Capiter has not decided to liquidate its assets or lay off employees: CEO
Capiter Holding Company – the Egyptian company specialized in the field of e-commerce – is going through financial difficulties, but…
After fleeing with US$33 million, Noah brothers isolated from Egyptian Capiter company
September 10, 2022
After fleeing with US$33 million, Noah brothers isolated from Egyptian Capiter company
The Board of Directors of Capiter Holding Company – the Egyptian company specialized in the field of electronic commerce –…
Customs dollar hits highest rate in Egypt’s history at LE19.3
September 8, 2022
Customs dollar hits highest rate in Egypt’s history at LE19.3
The Egyptian Ministry of Finance raised to the price of the customs dollar used for import deals in Egypt to…
Net foreign reserves record $33.141 bln at end of August
September 8, 2022
Net foreign reserves record $33.141 bln at end of August
The net foreign reserves recorded US$33.141 billion at the end of August 2022, the Central Bank of Egypt announced. The…
Qatar reportedly buying a stake in Egypt’s largest telecom company
September 6, 2022
Qatar reportedly buying a stake in Egypt’s largest telecom company
A Bloomberg report revealed that the Qatar Investment Authority is negotiating with the government-owned Telecom Egypt to buy a stake…
Sisi discusses electricity export to Europe via Greece
September 2, 2022
Sisi discusses electricity export to Europe via Greece
President Abdel Fattah al-Sisi discussed joint cooperation with the Greek energy and infrastructure giant Copelouzos Group, to establish clean energy…
Recent finance minister’s decisions to temporarily return goods to market
September 1, 2022
Recent finance minister’s decisions to temporarily return goods to market
The Egyptian market is thirsty for many products, but the recent measures give an indication and hope that many goods…
Foreign currencies exchange rate against Egyptian pound on Wednesday
August 31, 2022
Foreign currencies exchange rate against Egyptian pound on Wednesday
Wednesday’s exchange rates for foreign currencies at the Central Bank of Egypt (CBE) are as follows: The US dollar is…
CBE: Remittances of Egyptians abroad hit dlrs 31.9 bln in FY 2021-22
August 31, 2022
CBE: Remittances of Egyptians abroad hit dlrs 31.9 bln in FY 2021-22
The Central Bank of Egypt (CBE) said on Tuesday that remittances of Egyptians working abroad recorded about dlrs 31.9 billion…
US dollar exchange rate continues to soar against Egyptian pound
August 31, 2022
US dollar exchange rate continues to soar against Egyptian pound
The US dollar exchange rates witness a slight rise in Egyptian banks on Wednesday: The US dollar against the Egyptian…