Business

Three ports in Ukraine ready to resume export of wheat to Egypt

Three ports in Ukraine ready to resume export of wheat to Egypt

There are three or four ports in Ukraine ready to re-export grain shipments to countries around the world, including Egypt,…
Alibaba stock jumps after announcing Hong Kong primary listing

Alibaba stock jumps after announcing Hong Kong primary listing

New York (CNN Business) – Alibaba announced a plan to allow more mainland Chinese investors to invest in the stock.…
We want more direct investments from Europe, Egypt FM

We want more direct investments from Europe, Egypt FM

Egyptian Foreign Minister Sameh Shoukry said that his country wants more direct investments from Europe. Shoukry’s remarks came during an…
Global wheat prices fell by 20% after the grain export agreement

Global wheat prices fell by 20% after the grain export agreement

Wheat prices fell on global stock exchanges by more than 20 percent on Saturday after Ukraine and Russia signed two…
Egypt signs on $20 million initiative to manufacture smartphones locally

Egypt signs on $20 million initiative to manufacture smartphones locally

Egyptian Minister of Communications Amr Talaat conducted an inspection tour on Friday for the the new Vivo Telecom Technology Company…
Sisi meets with French economy minister in Paris

Sisi meets with French economy minister in Paris

President Abdel Fattah al-Sisi expressed during a meeting, Friday, in Paris, with the French Minister of Economy and Finance, Bruno…
US dollar rose to highest level in 4 years against the Egypt pound

US dollar rose to highest level in 4 years against the Egypt pound

  The US dollar exchange rate witnessed an increase with the beginning of trading, on Monday, after a period of…
Europe braces for a potential gas crisis as historic heatwave boosts demand

Europe braces for a potential gas crisis as historic heatwave boosts demand

London (CNN Business)Europe is bracing for the potential of a full-blown gas crisis later this week just as an historic heatwave has hiked demand…
Egyptian pound declines to lowest level against US dollar since 2016

Egyptian pound declines to lowest level against US dollar since 2016

The price of the Egyptian pound declined against the US dollar to its lowest level in five years at LE18.91…
Egypt can’t take on more fuel subsides amid soaring oil prices: minister

Egypt can’t take on more fuel subsides amid soaring oil prices: minister

Egyptian Finance Minister, Mohamed Maait announced Wednesday that the state’s budget cannot continue to bear the additional burden resulting from…
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