Business

Sisi appoints Hassan Abdullah as acting governor of CBE

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

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

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

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

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

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

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

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

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

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…
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