Business
IMF to discuss Egypt’s request for US$5.2 bn loan
June 26, 2020
IMF to discuss Egypt’s request for US$5.2 bn loan
The Executive Board of the International Monetary Fund will discuss on Friday Egypt’s request for a US$5.2 billion loan to…
No movement on Thursday in US dollar exchange rates in Egyptian banks
June 25, 2020
No movement on Thursday in US dollar exchange rates in Egyptian banks
The US dollar maintained its price against the Egyptian pound on Thursday, following a slight decline on Wednesday. The US…
Alexandria port receives 22 train vehicles as part of largest deal in Egypt’s history
June 24, 2020
Alexandria port receives 22 train vehicles as part of largest deal in Egypt’s history
The Alexandria port on Wednesday received 22 train vehicles as part of a 1.16 billion euro deal signed between the…
US dollar stabilizes against Egyptian pound exchange rates
June 22, 2020
US dollar stabilizes against Egyptian pound exchange rates
The US dollar maintained its prices against the Egyptian pound’s exchange rates on Monday, recording LE16.11 for purchase and LE16.24…
Egypt to invest more in agriculture, irrigation during 2020-2021: Minister
June 21, 2020
Egypt to invest more in agriculture, irrigation during 2020-2021: Minister
Egypt plans to increase public investments in the agriculture and irrigation sector during the fiscal year 2020/2021, Minister of Planning…
Procter & Gamble injects US$50 mn in Egypt to manufacture masks and increase operations
June 21, 2020
Procter & Gamble injects US$50 mn in Egypt to manufacture masks and increase operations
The Procter & Gamble company announced Sunday that it will inject US$50 million in Egypt to establish a new production…
Egypt strikes deal with Chinese company to produce electric cars
June 19, 2020
Egypt strikes deal with Chinese company to produce electric cars
Egypt’s Minister of the Public Business Sector Hisham Tawfiq on Thursday witnessed the signing via video conference of a memorandum…
Solidarity or frugality? EU leaders discuss coronavirus plan
June 19, 2020
Solidarity or frugality? EU leaders discuss coronavirus plan
BRUSSELS (AP) — As they brace for the worst economic downturn since the Great Depression, leaders of the European Union’s…
Egypt’s Petroleum Ministry announces oil discovery in Gulf of Suez
June 18, 2020
Egypt’s Petroleum Ministry announces oil discovery in Gulf of Suez
Egypt’s Ministry of Petroleum on Thursday announced the discovery of an oil field in the shallow waters of the Geisum…
US dollar to Egyptian pound exchange rates show slight increase
June 17, 2020
US dollar to Egyptian pound exchange rates show slight increase
US dollar to Egyptian pound exchange rates in some financial institutions rose slightly on Wednesday in favor of the dollar.…