Business
CBE announces date of the Monetary Policy Committee meeting
May 7, 2022
CBE announces date of the Monetary Policy Committee meeting
An official source at the Central Bank of Egypt said that the Monetary Policy Committee of the bank will meet…
Us dollar nearing its highest price in 20 years
May 6, 2022
Us dollar nearing its highest price in 20 years
The US dollar index approached its highest level in 20 years against other major currencies, in Friday’s trading, as the…
Egypt expected to raise interest rates as well soon: expert
May 5, 2022
Egypt expected to raise interest rates as well soon: expert
The US Federal Reserve’s decision to raise interest rates was expected, Mohamed Kamal, an expert in the financial sector, said,…
Hurghada hotels are ‘full’ on the second day of the Eid holiday
May 4, 2022
Hurghada hotels are ‘full’ on the second day of the Eid holiday
Most of the hotels and tourist villages “of various classifications” recorded occupancy rate of about 100 percent from domestic…
Egypt discusses with Mercedes-Benz plans to localize electric car industry
May 3, 2022
Egypt discusses with Mercedes-Benz plans to localize electric car industry
Egyptian Minister of Trade and Industry, Neivin Gamea on Tuesday met with a delegation from Mercedes-Benz Egypt headed by the…
Amendments to income tax aim to relieve burden on citizens, assures Egypt’s Finance Minister
May 3, 2022
Amendments to income tax aim to relieve burden on citizens, assures Egypt’s Finance Minister
Egyptian Finance Minister Mohamed Maait said that amendments to the income tax law, approved by the Cabinet and referred to…
Suez Canal records highest monthly revenue in its history at S$629 mln
May 2, 2022
Suez Canal records highest monthly revenue in its history at S$629 mln
The navigation statistics of the Suez Canal recorded, during April, new and unprecedented heights, achieving the highest monthly revenue in…
Suez Canal Authority says it has made unprecedented records during April
May 1, 2022
Suez Canal Authority says it has made unprecedented records during April
The head of the Suez Canal Authority, Osama Rabie announced on Sunday that navigation statistics in the canal during April…
Egypt’s public debt to GDP ratio expected to decline to pre-pandemic levels: IMF
April 28, 2022
Egypt’s public debt to GDP ratio expected to decline to pre-pandemic levels: IMF
The International Monetary Fund (IMF) expects that the ratio of public debt to GDP in Egypt will decline to the…
FEI’s Tobacco Division warns of disruptions in tobacco production
April 26, 2022
FEI’s Tobacco Division warns of disruptions in tobacco production
The Tobacco Division of the Federation of Egyptian Industries warned against the cessation of cigarette and tobacco factories from production…