Business
Egypt’s exports to Nile Basin countries rise 1.4 percent to US$1.22 billion in 2019
November 22, 2020
Egypt’s exports to Nile Basin countries rise 1.4 percent to US$1.22 billion in 2019
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that the total value of Egyptian exports to Nile Basin…
Sisi holds two meetings, discussing IMF’s economic evaluation and clean energy vehicles
November 22, 2020
Sisi holds two meetings, discussing IMF’s economic evaluation and clean energy vehicles
Egyptian President Abdel Fattah al-Sisi held two meetings on Saturday, one to discuss an agreement with the International Monetary fund…
Egypt tops emerging markets in containing inflation: Report
November 21, 2020
Egypt tops emerging markets in containing inflation: Report
The Egyptian Cabinet media center announced Saturday that Egypt has topped all other emerging markets in containing inflation. According to…
Gold prices take another dive in Egyptian market, 21-karat falls LE5 to LE818
November 17, 2020
Gold prices take another dive in Egyptian market, 21-karat falls LE5 to LE818
Gold prices dropped agian in Egypt on Tuesday, as the price of 21-karat gold (the market’s highest selling gold) fell…
Gold prices decline by LE30 as price of an ounce falls
November 15, 2020
Gold prices decline by LE30 as price of an ounce falls
Gold prices on Sunday declined by LE30 as the price of an ounce of gold fell to US$65 in global…
Egypt’s central bank cuts interest rates by 50 basis points
November 13, 2020
Egypt’s central bank cuts interest rates by 50 basis points
Egypt’s central bank cut its main interest rates by 50 basis points on Thursday, moving to support an economy badly…
Sixteen hotels planned to open on Red Sea archipelago by Saudi Arabia in 2023
November 12, 2020
Sixteen hotels planned to open on Red Sea archipelago by Saudi Arabia in 2023
The Red Sea Development Company (TRSDC), a tourism project of Saudi Arabia, is planning to inaugurate 16 hotels by the…
Egypt’s debt declines to 78 percent in June 2020: Minister
November 11, 2020
Egypt’s debt declines to 78 percent in June 2020: Minister
Minister of Finance Mohamed Maait on Wednesday announced that Egypt’s debt declined to 78 percent in June 2020 and 90.2…
Egypt, World Bank agree to invest US$450 mn to battle coronavirus
November 11, 2020
Egypt, World Bank agree to invest US$450 mn to battle coronavirus
Egyptian Minister of International Cooperation Rania al-Mashat and the World Bank on Tuesday has agreed to invest US$450 million to…
Egypt’s headline inflation quickens to 4.5% in October
November 10, 2020
Egypt’s headline inflation quickens to 4.5% in October
Egypt’s annual urban consumer price inflation rose to 4.5 percent in October from 3.7 percent in September, official statistics agency…