Business
National Bank of Egypt’s foreign currency exchange rates for Tuesday
January 26, 2021
National Bank of Egypt’s foreign currency exchange rates for Tuesday
Al-Masry Al-Youm has published exchange rate for foreign currencies such as the US dollar and others at the National Bank…
Egyptian ready-made garment exports to the US fell by 17 percent in 2020
January 24, 2021
Egyptian ready-made garment exports to the US fell by 17 percent in 2020
Egyptian ready-made garments exports to the American market through the QIZ protocol fell by 17 percent between January to November…
Central Bank of Egypt to begin printing secure, eco-friendly polymer banknotes in June
January 19, 2021
Central Bank of Egypt to begin printing secure, eco-friendly polymer banknotes in June
The Central Bank of Egypt (CBE) will begin printing polymer banknotes upon inauguration of its new printing house in June,…
Egypt’s foreign currency reserves up to US$40.0625 billion in December
January 17, 2021
Egypt’s foreign currency reserves up to US$40.0625 billion in December
The Central Bank of Egypt’s (CBE) net international foreign currency reserves bumped up slightly by the end of last December,…
Over 72% of Egyptians shopped online more since coronavirus outbreak: Report
January 16, 2021
Over 72% of Egyptians shopped online more since coronavirus outbreak: Report
A recent economic report from the MasterCard Economics Institute showed that over 72 percent of Egyptians have shopped online more…
Marsa Alam investors beg for government support after 95% of city’s hotels shut down
January 16, 2021
Marsa Alam investors beg for government support after 95% of city’s hotels shut down
Dozens of hotel and tourist villages owners in Marsa Alam are now facing a crisis as the coronavirus pandemic has…
Bank ABC acquires Blom Bank Egypt for $480 million – sources
January 15, 2021
Bank ABC acquires Blom Bank Egypt for $480 million – sources
CAIRO (Reuters) – Bahrain’s Bank ABC completed its purchase of the Egyptian subsidiary of Lebanon’s Blom Bank for $480 million…
China’s Genex Pharmaceutical signs agreement with vaccine giants to produce new coronavirus test in Middle East
January 15, 2021
China’s Genex Pharmaceutical signs agreement with vaccine giants to produce new coronavirus test in Middle East
The Chinese Genex Pharmaceutical company on Thursday inked a cooperation protocol with two of the world’s largest manufacturers of vaccines, serums,…
Gold prices decline in Egyptian market by LE3 on Thursday
January 14, 2021
Gold prices decline in Egyptian market by LE3 on Thursday
Gold prices declined in Egypt on Thursday, with the price of 21-karat (the market’s highest selling gold) falling by LE3…
Egypt’s Ministry of Oil, ITFC signs $1.1 billion agreement to import commodities
January 13, 2021
Egypt’s Ministry of Oil, ITFC signs $1.1 billion agreement to import commodities
Egypt’s Ministry of Oil on Wednesday has signed an agreement with the International Islamic Trade Finance Corporation (ITFC) of the…