Business
Govt committee reduces fuel prices
October 4, 2019
Govt committee reduces fuel prices
The Committee on Automatic Pricing of Petroleum Products, which reviews and determines the prices of some petroleum products on a…
Net foreign reserves record US$45.118 bn in September
October 3, 2019
Net foreign reserves record US$45.118 bn in September
The net foreign reserves in the Central Bank of Egypt at the end of September recorded about US$45.118 billion, up…
TUI Group CEO meets with tourism minister, says TUI wants Thomas Cook’s former share in Egypt
October 3, 2019
TUI Group CEO meets with tourism minister, says TUI wants Thomas Cook’s former share in Egypt
Tourism Minister Rania al-Mashat met on Wednesday with Sebastian Ebel, CEO of the travel agency TUI Group in the MENA…
Egypt’s tourism revenues reach US$12.6 bn during 2018-2019 fiscal year
October 2, 2019
Egypt’s tourism revenues reach US$12.6 bn during 2018-2019 fiscal year
Egyptian tourism revenues reached US$12.57 billion, compared to $9.80 billion during the 2017-2018 fiscal year, the privately-owned al-Mal newspaper reported…
Egypt’s Customs Authority denies imposing 30% tax on cars
October 2, 2019
Egypt’s Customs Authority denies imposing 30% tax on cars
The Egyptian Customs Authority on Wednesday denied social media claims that the authority was imposing a 30 percent development tax…
Mohab Mamish receives New Silk Road CEO of the Year Award
October 1, 2019
Mohab Mamish receives New Silk Road CEO of the Year Award
Lieutenant General Mohab Mamish, Advisor to the President for Maritime Ports, received the 2019 Aramco Trading New Silk Road CEO…
China plans to increase investments in Egypt by $15 billion: Ambassador
September 29, 2019
China plans to increase investments in Egypt by $15 billion: Ambassador
The Chinese Ambassador to Egypt, Liao Li Chang, said on Sunday that China plans to increase investments in Egypt to…
US dollar maintains stable rates against Egyptian pound
September 28, 2019
US dollar maintains stable rates against Egyptian pound
The US dollar maintained stable rates against the Egyptian pound on Saturday morning, with an average exchange rate of LE16.30.…
CBE cuts interest rates by 100 basis points
September 27, 2019
CBE cuts interest rates by 100 basis points
The Central Bank of Egypt (CBE)’s Monetary Policy Committee decided on Thursday to cut interest rates by 100 basis points,…
Cabinet denies rumors about raising fuel prices due to global oil production decline
September 26, 2019
Cabinet denies rumors about raising fuel prices due to global oil production decline
The Media Center of the Cabinet denied the rumors circulated in some media, websites, and on social media pages about…