Business
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…
Sisi accepts resignation of CBE governor
August 17, 2022
Sisi accepts resignation of CBE governor
President Abdel Fattah al-Sisi accepted the resignation of Tarek Amer, the former head of the Central Bank of Egypt, on…
US dollar price stabilizes in mid-trading on Tuesday
August 16, 2022
US dollar price stabilizes in mid-trading on Tuesday
The price of the US dollar stabilized in mid-trading, on Tuesday, August 16, as the average price of the dollar…
Gold prices down LE5 in Egypt on Monday
August 15, 2022
Gold prices down LE5 in Egypt on Monday
The price of gold in Egypt recorded a new decrease of five LE in mid trading on Monday, August 15.…
US dollar price stabilizes in mid-trading for Egyptian banks
August 10, 2022
US dollar price stabilizes in mid-trading for Egyptian banks
The price of the US dollar stabilized in mid-trading, Wednesday, August 10, after slight changes over the past few days.…
Saudi Sovereign Fund buys share of Egypt’s MOPCO
August 10, 2022
Saudi Sovereign Fund buys share of Egypt’s MOPCO
Government sources revealed an agreement between the Saudi Egyptian Investment Company – the investment arm of the Saudi Sovereign Fund…
LE3.5 mln in tax collected from Eid al-Adha concerts in North Coast
August 10, 2022
LE3.5 mln in tax collected from Eid al-Adha concerts in North Coast
The amusement tax collected for concerts held in El Alamein and El Dabaa in the North Coast during Eid al-Adha…