Business
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…
US dollar to Egyptian pound exchange rates slightly decrease
January 12, 2021
US dollar to Egyptian pound exchange rates slightly decrease
The US dollar to Egyptian pound exchange rate on Tuesday saw a slight decrease for purchase and selling rates, recording…
US congress breach causes lower Gold prices in Egypt, 21-karat at LE 810
January 9, 2021
US congress breach causes lower Gold prices in Egypt, 21-karat at LE 810
Gold prices declined in Egypt on Saturday with the price of 21-karat (the market’s highest selling gold) falling by LE14…
Qatari Finance Minister inaugurates the St. Regis Hotel in Cairo
January 6, 2021
Qatari Finance Minister inaugurates the St. Regis Hotel in Cairo
On Tuesday, Qatari Finance Minister Ali Sharif Al-Emadi inaugurated the new St. Regis hotel in Cairo, owned by state-run Qatari…
Gold prices stabilize at LE842 for 21-Karat gold
January 5, 2021
Gold prices stabilize at LE842 for 21-Karat gold
Gold prices in Egypt stabilized to record LE842 for 21-karat gold, amid expectations that the prices will vary on Tuesday’s…