Business
CBE confirms daily maximum limit for cash withdrawal or deposit at ATMs
December 27, 2021
CBE confirms daily maximum limit for cash withdrawal or deposit at ATMs
The Central Bank of Egypt (CBE) has set a daily maximum limit for cash withdrawals or deposits at ATM machines,…
Foreign direct investment in Egypt records $23.5 bln, compared to $18 bln in 2016: economist
December 27, 2021
Foreign direct investment in Egypt records $23.5 bln, compared to $18 bln in 2016: economist
The flow of foreign direct investment to Egypt represented $23.5 billion in 2021, a 9.3 percent increase from 2016 when…
Famous American company invests US$ 3.5 billion in an Egyptian vital sector
December 27, 2021
Famous American company invests US$ 3.5 billion in an Egyptian vital sector
Egypt signed an agreement with the American Apache Corporation in which the company will invest in the energy sector, which…
President Sisi inaugurates Al-Baghdadi Industrial Zone in Luxor at LE816 million cost
December 26, 2021
President Sisi inaugurates Al-Baghdadi Industrial Zone in Luxor at LE816 million cost
Egyptian President Abdel Fattah al-Sisi inaugurated the Al-Baghdadi Industrial Zone in southern Luxor, as part of a bunch of projects…
CBE extends exemptions on fees until end of June
December 25, 2021
CBE extends exemptions on fees until end of June
The Central Bank of Egypt has set a maximum daily limit for cash withdrawals or deposits through ATMs, that the…
Wednesday’s US dollar to Egyptian pound exchange rates
December 22, 2021
Wednesday’s US dollar to Egyptian pound exchange rates
US dollar exchange rate is stable on Wednesday in several Egyptian banks. The prices of the US dollar witnessed remarkable…
Remittances of Egyptians abroad up by 1.5 percent in 3 months
December 22, 2021
Remittances of Egyptians abroad up by 1.5 percent in 3 months
The Central Bank of Egypt announced on Tuesday that remittances of Egyptians working abroad during the first quarter of the…
Central Bank of Egypt issues treasury bonds worth LE 14.5 billion on Monday
December 21, 2021
Central Bank of Egypt issues treasury bonds worth LE 14.5 billion on Monday
The Central Bank of Egypt on Monday issued treasury bonds worth LE14.5 billion, in coordination with Finance Ministry, to finance…
2.1 million women benefit from micro-enterprises financing at LE 11.8 billion
December 15, 2021
2.1 million women benefit from micro-enterprises financing at LE 11.8 billion
The Financial Regularity Authority in Egypt said, on Wednesday, that 2.1 million women were able to benefit from the activity…
Military Production Ministry partners with private sector for first Egyptian electric bus
December 13, 2021
Military Production Ministry partners with private sector for first Egyptian electric bus
The Military Production Ministry concluded partnerships with the private sector to produce the first electric Egyptian bus that works with…