Business
Egypt’s Ministry of Oil signs two Mediterranean and Red Sea production-sharing agreements with Shell
January 3, 2021
Egypt’s Ministry of Oil signs two Mediterranean and Red Sea production-sharing agreements with Shell
The Egyptian Ministry of Oil and Mineral Resources has signed two production-sharing agreements (PSC) with Dutch Oil Company Shell for areas…
Egypt signs 9 oil and gas exploration agreements for Mediterranean and Red seas
January 2, 2021
Egypt signs 9 oil and gas exploration agreements for Mediterranean and Red seas
Egypt’s Minister of Petroleum and Mineral Resources, Tarek el-Molla, signed on Friday nine new agreements to search for oil and…
US dollar to Egyptian pound exchange rate increases for purchase and selling prices
December 31, 2020
US dollar to Egyptian pound exchange rate increases for purchase and selling prices
The US dollar to Egyptian pound exchange rate on Thursday saw a slight increase, recording LE15.67 for purchase and LE15.77…
US dollar to Egyptian pound exchange rate sees slight increase
December 30, 2020
US dollar to Egyptian pound exchange rate sees slight increase
The US dollar to Egyptian pound exchange rate on Wednesday saw a slight increase, recording LE15.66 for purchase and LE15.76…
CBE extends exemptions on fees and commissions due to coronavirus surge
December 29, 2020
CBE extends exemptions on fees and commissions due to coronavirus surge
The Central Bank of Egypt’s Board of Directors on Monday has chosen to extend several decisions taken to confront repercussions…
Egypt, Sudan agree on logistic measures for utilizing Egypt’s ports
December 27, 2020
Egypt, Sudan agree on logistic measures for utilizing Egypt’s ports
The head of the Egyptian Customs Authority Kamal Negm announced Sunday that an agreement has been reached with Sudan on…
Gold prices decline in Egyptian market with 21-karat at LE 817
December 27, 2020
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
December 25, 2020
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
December 24, 2020
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
December 22, 2020
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…