Business
Egyptian pound strengthens to three-year high
February 11, 2020
Egyptian pound strengthens to three-year high
CAIRO, Feb 10 (Reuters) – The Egyptian pound gained on Monday to its strongest against the dollar since the week…
Egypt’s net foreign reserves rise to US$45.457 bn in January
February 7, 2020
Egypt’s net foreign reserves rise to US$45.457 bn in January
Egypt’s net foreign reserves rose to US$45.457 billion in January 2020 from $45.420 billion in December 2019, an increase of…
Egypt non-oil private sector shrinks faster in January: PMI
February 4, 2020
Egypt non-oil private sector shrinks faster in January: PMI
CAIRO (Reuters) – Non-oil private economic activity in Egypt contracted at the quickest rate in almost three years in January…
Egypt announces procedures to register civil sector companies
February 3, 2020
Egypt announces procedures to register civil sector companies
Egypt’s Ministry of Defense announced the start of registrations in the suppliers’ roster for civil sector companies that wish to…
Egypt’s Sovereign Wealth Fund to sign agreement with NSPO
February 2, 2020
Egypt’s Sovereign Wealth Fund to sign agreement with NSPO
Egypt’s Sovereign Wealth Fund will sign a framework agreement on Monday with the National Service Projects Organization (NSPO) of the…
Egypt’s Alexandria starts operating 4 new tramcars imported from Ukraine
January 31, 2020
Egypt’s Alexandria starts operating 4 new tramcars imported from Ukraine
Alexandria Governor Mahmoud al-Sherif inspected on Thursday evening the operation of four new tramcars imported from Ukraine, with the aim…
Vodafone to sell its share in Vodafone Egypt to Saudi STC
January 29, 2020
Vodafone to sell its share in Vodafone Egypt to Saudi STC
Vodafone Group CEO Nick Reed said that his company is set to sign a memorandum of understanding with Saudi Arabia…
Egypt’s Prime Minister briefed on prospects for mining, energy sectors
January 29, 2020
Egypt’s Prime Minister briefed on prospects for mining, energy sectors
Egypt’s Prime Minister Mostafa Madbouly was briefed on Tuesday on a report from the Information and Decision Support Center’s (IDSC)…
US dollar exchange rate down by 2 piasters against Egyptian pound
January 27, 2020
US dollar exchange rate down by 2 piasters against Egyptian pound
The US dollar exchange rate made a new decline against the Egyptian pound on Monday, falling 2 piasters at Banque…
Parliament committee agrees to increase Egypt’s share of IBRD capital stock
January 27, 2020
Parliament committee agrees to increase Egypt’s share of IBRD capital stock
The Egyptian House of Representatives’ Economic Affairs Committee approved on Sunday a presidential decree for increasing Egypt’s authorized share of…