Business
US dollar to Egyptian pound exchange rate sees decline
July 6, 2020
US dollar to Egyptian pound exchange rate sees decline
The US dollar to Egyptian pound exchange rate declined by five piasters at the Central Bank of Egypt on Monday,…
US dollar to Egyptian pound exchange rates decline at CBE on Tuesday
June 30, 2020
US dollar to Egyptian pound exchange rates decline at CBE on Tuesday
The US dollar to Egyptian pound exchange rate declined at the Central Bank of Egypt on Tuesday to record LE16.10…
US dollar exchange rates stay consistent against Egyptian pound
June 29, 2020
US dollar exchange rates stay consistent against Egyptian pound
US dollar to Egyptian pound exchange rates at the Central Bank of Egypt (CBE) remained unchanged on Monday, recording LE16.11…
Over five million Egyptians work in the SME sector: Planning Minister
June 28, 2020
Over five million Egyptians work in the SME sector: Planning Minister
Egypt’s Minister of Planning and Economic Development Hala al-Saeed said that around 5.8 million Egyptians work in the small and…
CBE launches LE7 billion initiative to help banks fund larger companies
June 28, 2020
CBE launches LE7 billion initiative to help banks fund larger companies
The Central Bank of Egypt (CBE) on Sunday launched a seven billion LE pledge issuance initiative for the Credit Risk…
Saudi Arabia committee agrees to inject LE200 billion to 5 Egyptian projects
June 28, 2020
Saudi Arabia committee agrees to inject LE200 billion to 5 Egyptian projects
The Saudi Arabia Grant Committee on Sunday agreed to inject LE200 billion to fund five Egyptian projects, Egypt’s Minister of…
IMF approves US$5.2 billion loan for Egypt against COVID-19
June 27, 2020
IMF approves US$5.2 billion loan for Egypt against COVID-19
The International Monetary Fund (IMF) approved on Friday a 12-month US$5.2 billion Stand-By Arrangement (SBA) loan for Egypt. The new…
Egypt top recipient of foreign direct investment in Africa in 2019
June 26, 2020
Egypt top recipient of foreign direct investment in Africa in 2019
The Information Center of the Egyptian Cabinet published an infographic showing that Egypt ranked first in Africa in attracting foreign…
Egypt’s central bank keeps key interest rates on hold – statement
June 26, 2020
Egypt’s central bank keeps key interest rates on hold – statement
CAIRO, June 25 (Reuters) — The Central Bank of Egypt (CBE) kept its main interest rates steady on Thursday, despite…
Dutch minister throws carrier KLM 3.4 bn euro lifeline
June 26, 2020
Dutch minister throws carrier KLM 3.4 bn euro lifeline
THE HAGUE, Netherlands (AP) — The Dutch government announced Friday that it will throw national carrier KLM a 3.4 billion-euro…