Business

Egypt approves 362 million euro agreement for railway development

Egypt approves 362 million euro agreement for railway development

The cabinet on Wednesday approved  a 362 million euro agreement between Egypt and the International Bank for Reconstruction and Development…
US dollar to Egyptian pound exchange rate for Wednesday

US dollar to Egyptian pound exchange rate for Wednesday

The US dollar to Egyptian pound exchange rate on Wednesday recorded LE15.61 for purchase and LE15.71 for selling at most…
Egypt authorities reduce compensation on Ever Given from $916 million to $550 mn

Egypt authorities reduce compensation on Ever Given from $916 million to $550 mn

The head of the Suez Canal Authority Osama Rabie announced Monday that the Suez Canal Authority is engaged in a…
Polymer plastic money to be put up on Egyptian market in June

Polymer plastic money to be put up on Egyptian market in June

The deputy governor of the Central Bank of Egypt for the cash printing house Khaled Farouk revealed in earlier statements…
Egyptian cabinet prepares bill to impose taxes on e-commerce

Egyptian cabinet prepares bill to impose taxes on e-commerce

Sources familiar with the Ministry of Finance confirmed that a bill regarding taxes on e-commerce was recently referred by the…
Egypt to establish 1st factory in Africa to produce high-precision lathing machines

Egypt to establish 1st factory in Africa to produce high-precision lathing machines

Egyptian President Abdel Fattah al-Sisi on Saturday received the CEO of Germany’s DMG MORI Christian Thönes to discuss cooperation between…
South Korean companies interested in investing in Egypt’s Suez Canal

South Korean companies interested in investing in Egypt’s Suez Canal

South Korean companies have expressed interest in cooperating with Egypt in areas such as investments in the Suez Canal, alongside…
Deezer appoints Jeronimo Folgueira as new CEO

Deezer appoints Jeronimo Folgueira as new CEO

Audio streaming giant Deezer announced on Friday that Jeronimo Folgueira has been appointed as the company’s new CEO and will move…
US dollar to Egyptian pound exchange rate for Thursday

US dollar to Egyptian pound exchange rate for Thursday

The US dollar to Egyptian pound exchange rate on Thursday recorded LE15.61 for purchase and LE15.71 for selling in most…
US dollar to Egyptian pound exchange rate for Wednesday

US dollar to Egyptian pound exchange rate for Wednesday

The US dollar to Egyptian pound exchange rate on Wednesday recorded LE15.61 for purchase and LE15.71 for sale in most…
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