Business
Egypt’s headline inflation rises to 5.9% in April, CAPMAS
May 11, 2020
Egypt’s headline inflation rises to 5.9% in April, CAPMAS
Egypt’s annual urban consumer price inflation rate increased to 5.9 percent in April from 5.1 percent in March, the official…
IMF discusses Egypt’s request for loan to counter coronavirus
May 11, 2020
IMF discusses Egypt’s request for loan to counter coronavirus
The International Monetary Fund (IMF) on Monday began discussing Egypt’s request for a new loan to counter the spread of…
Sisi follows up Egypt’s financial performance indicators from July 2019 to April 2020
May 11, 2020
Sisi follows up Egypt’s financial performance indicators from July 2019 to April 2020
Egyptian President Abdel Fattah al-Sisi on Sunday followed up the country’s financial performance indicators beginning from July 2019 until April…
Egypt’s Hotel Association selects 3 companies to perform hotel inspections
May 10, 2020
Egypt’s Hotel Association selects 3 companies to perform hotel inspections
Hotels in Egypt wishing to operate again must undergo inspections conducted by one of three international companies chosen by the…
US Dollar exchange rates maintain prices against Egyptian pound due to declining imports
May 10, 2020
US Dollar exchange rates maintain prices against Egyptian pound due to declining imports
US Dollar exchange rates will stabilize against the Egyptian pound due to a decline in demand and imports resulting from…
Egypt’s foreign currency reserves are still ‘safe’: CBE
May 10, 2020
Egypt’s foreign currency reserves are still ‘safe’: CBE
The Deputy Governor of the Central Bank of Egypt (CBE) Ramy Aboul-Naga, announced that the nation’s foreign currency reserves are…
Gold prices in Egypt fall by LE7, 21-karat gold now worth LE743
May 9, 2020
Gold prices in Egypt fall by LE7, 21-karat gold now worth LE743
Gold prices in the Egyptian market decreased by about seven LE on Saturday compared to Friday’s prices. The price of…
Egypt begins preparing to reopen businesses post-coronavirus
May 9, 2020
Egypt begins preparing to reopen businesses post-coronavirus
The Egyptian government has begun preparations to ease restrictions on businesses once the coronavirus outbreak fades. The Minister of Planning…
Egyptian government spends LE40 bn in two and a half months
May 8, 2020
Egyptian government spends LE40 bn in two and a half months
Egyptian Finance Minister Mohamed Maait announced on Thursday that the government has succeeded in dealing with the novel coronavirus by…
Uber lays off 40% of employees in Egypt amid coronavirus outbreak
May 7, 2020
Uber lays off 40% of employees in Egypt amid coronavirus outbreak
American multinational ride-hailing company Uber Technologies on Wednesday laid off 40 percent of its employees in Egypt due to the…