Business
US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years
June 19, 2022
US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years
The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive…
COVID-19 made pharmaceutical industry in Africa a continental priority: Egypt minister
June 18, 2022
COVID-19 made pharmaceutical industry in Africa a continental priority: Egypt minister
Egyptian Finance Minister Mohamed Maait said on Saturday that the coronavirus pandemic has made the pharmaceutical industry in Africa a…
Egypt signs MoU with Israel, EU to transfer gas to Europe
June 16, 2022
Egypt signs MoU with Israel, EU to transfer gas to Europe
The East Mediterranean Gas Forum, witnessed an exceptional event with the signing of the tripartite memorandum of understanding between Egypt,…
Egypt Stock Exchange worst performance in Arab region during 1st quarter of 2022
June 14, 2022
Egypt Stock Exchange worst performance in Arab region during 1st quarter of 2022
The Financial Supervisory Authority revealed that the Egyptian Stock Exchange was the worst performing among the stock exchanges in the…
Video: Italian newspaper: Alamein is the land of coastal tourism and of great color contrasts
June 13, 2022
Video: Italian newspaper: Alamein is the land of coastal tourism and of great color contrasts
In a report that expresses the extent of Egypt’s success during the last period, the Italian newspaper II Fatto…
Sovereign Fund of Egypt to cooperate with Islamic Development Bank in upcoming projects
June 11, 2022
Sovereign Fund of Egypt to cooperate with Islamic Development Bank in upcoming projects
The President of the Islamic Development Bank Group Mohamed Al-Jasser praised Egypt’s experience in establishing the Sovereign Fund of Egypt…
Egyptian pound falls to its lowest price in 5 years: Refinitiv
June 9, 2022
Egyptian pound falls to its lowest price in 5 years: Refinitiv
The Egyptian pound price fell to LE18.71 against the US dollar: its lowest price in the past five years, Refinitiv data…
World Bank raises forecast for growth of Egypt economy to 6.1% in 2022
June 8, 2022
World Bank raises forecast for growth of Egypt economy to 6.1% in 2022
The World Bank on Tuesday raised its forecast for the growth of the Egyptian economy during 2022 to 6.1 percent,…
Egypt’s foreign currency reserves down by US$ 1.628 billion in May, CBE
June 6, 2022
Egypt’s foreign currency reserves down by US$ 1.628 billion in May, CBE
The Central Bank of Egypt (CBE) said that the foreign currency reserves reached about US$35.495 billion at the end of…
Egypt’s private sector received US$ 5 billion from development partners in 2 years, minister
June 5, 2022
Egypt’s private sector received US$ 5 billion from development partners in 2 years, minister
Egyptian Minister of International Cooperation Rania al-Mashat announced Saturday that the development financing agreements obtained by the private sector from…