Business

Gold prices decline in Egyptian market with 21-karat at LE 817

Gold prices decline in Egyptian market with 21-karat at LE 817

Gold prices declined in Egypt on Sunday with the price of 21-karat (the market’s highest selling gold) falling by three…
NBE reduces interest rate on 3-year Platinum Certificates

NBE reduces interest rate on 3-year Platinum Certificates

The National Bank of Egypt reduced the interest rate or return on its three-year Platinum Certificates, the return of which…
Eni announces new oil discovery in Egypt’s Western Desert

Eni announces new oil discovery in Egypt’s Western Desert

The Italian Oil Company Eni announced on Wednesday the discovery of new oil resources in Egypt’s Western Desert, adding 10,000…
Coronavirus lockdown abroad forces Egypt’s potato farmers to abandon their crops

Coronavirus lockdown abroad forces Egypt’s potato farmers to abandon their crops

Wholesale prices for potatoes have decreased sharply over the past week, driving Egyptian farmers to abandon their own crops due…
US dollar to Egyptian pound exchange rates decrease by one piaster

US dollar to Egyptian pound exchange rates decrease by one piaster

The US dollar to Egyptian pound exchange rates on Sunday slightly decreased by one piaster for purchase and sale rates,…
Egypt signs agreements with USTDA to upgrade major refineries

Egypt signs agreements with USTDA to upgrade major refineries

Egypt’s Ministry of Petroleum and Mineral Resources signed two grant agreements with the US Trade and Development Agency on Thursday…
Sisi approves $500 mn housing loan agreement with IBRD

Sisi approves $500 mn housing loan agreement with IBRD

Egypt’s President Abdel Fattah al-Sisi issued a decreeon Wednesday approving a US$500 million loan agreement between Egypt and the International…
US Dollar to Egyptian Pound exchange rates witness slight increase

US Dollar to Egyptian Pound exchange rates witness slight increase

The US dollar to Egyptian pound exchange rate on Sunday slightly increased for purchase and sale rates, recording LE15.6 for…
Italian Agency for Development Cooperation grants €3 million to projects in Egypt

Italian Agency for Development Cooperation grants €3 million to projects in Egypt

The director of the Italian Agency for Development Cooperation, Martino Milli, announced that work is currently underway for a manufacturing…
Amid Brexit, Egypt, Britain sign free trade agreement

Amid Brexit, Egypt, Britain sign free trade agreement

Egypt and Britain signed an agreement establishing a trade partnership between the two countries, which will go into effect on…
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