Business
Tripartite industrial strategy between Egypt, UAE and Jordan in the works: Egyptian PM
May 28, 2022
Tripartite industrial strategy between Egypt, UAE and Jordan in the works: Egyptian PM
Egyptian Prime Minister Mostafa Madbouly met with some senior Emirati investors at his residence in the UAE capital Abu Dhabi,…
Russia aims to conclude free trade agreement with Egypt
May 27, 2022
Russia aims to conclude free trade agreement with Egypt
Russian President Vladimir Putin announced that negotiations are actively underway to conclude a full free trade agreement with Iran, adding…
CBE governor to chair annual meetings of World Bank Group and IMF in October
May 26, 2022
CBE governor to chair annual meetings of World Bank Group and IMF in October
The World Bank Group has chosen Tarek Amer, Governor of the Central Bank of Egypt (CBE), to chair the upcoming…
Egypt expects Suez Canal revenues to rise in 2022
May 25, 2022
Egypt expects Suez Canal revenues to rise in 2022
Egyptian Finance Minister Mohamed Maait expected that Suez Canal revenues will reach US$7 billion by the end of the current…
US dollar price rises in middle of Tuesday’s trading
May 24, 2022
US dollar price rises in middle of Tuesday’s trading
US dollar prices witnessed an increase of 11 piasters against the Egyptian pound in the middle of trading on Tuesday,…
Egypt, EIB sign financing agreements worth 300 million euros
May 24, 2022
Egypt, EIB sign financing agreements worth 300 million euros
The development financing agreements signed with the European Investment Bank (EIB), since the beginning of 2022 have recorded 300 million…
US dollar exchange rate increases against Egypt pound
May 23, 2022
US dollar exchange rate increases against Egypt pound
The US dollar exchange rate against the Egyptian pound rose during Monday’s trading, by about 5 piasters, for the…
Cash reserves within safe limits, cover six months: Banque du Caire head
May 19, 2022
Cash reserves within safe limits, cover six months: Banque du Caire head
The Central Bank of Egypt uses its tools with flexibility and unconventional form to maintain price levels, Tarek Fayed, Chairman…
Investing in Egyptian pound to be more profitable in medium term: CBE governor
May 18, 2022
Investing in Egyptian pound to be more profitable in medium term: CBE governor
The Central Bank of Egypt governor Tarek Amer pledged that investing in the Egyptian pound will be more profitable than…
Egyptian government to exit 79 sectors in 3 years
May 18, 2022
Egyptian government to exit 79 sectors in 3 years
The Egyptian government is set to exit 79 sectors within three years and maintain investments in 45 sectors. The draft…