Business
Commodity prices to remain stable despite newly announced adherence to CBE dollar exchange rates: investors
September 3, 2019
Commodity prices to remain stable despite newly announced adherence to CBE dollar exchange rates: investors
Egyptian traders and investors said on Tuesday that the prices of commodities will not change in the wake of the…
Lebanese officials declare state of economic emergency
September 3, 2019
Lebanese officials declare state of economic emergency
BEIRUT (AP) — Lebanon’s political leaders declared what they called an economic state of emergency Monday following a meeting aimed…
PM meets with ministers on stimulating foreign investment
September 2, 2019
PM meets with ministers on stimulating foreign investment
Prime Minister Mostafa Madbouly held a meeting on Monday to discuss means of stimulating foreign investment in Egypt and facilitating…
Egypt’s Ministry of Finance frees customs dollar exchange rate
September 2, 2019
Egypt’s Ministry of Finance frees customs dollar exchange rate
Egypt’s Ministry of Finance has freed the customs exchange price of the dollar on all kinds of imports subject to…
Egypt’s deposit and lending interest rates declines by 1.5 percent: Report
September 1, 2019
Egypt’s deposit and lending interest rates declines by 1.5 percent: Report
The Cabinet’s Media Center highlighted an infographic report on Sunday showing that the Central Bank of Egypt (CBE) has reduced…
Sisi issues decree approving 4 mn euro grant for Egypt
August 29, 2019
Sisi issues decree approving 4 mn euro grant for Egypt
President Abdel Fattah al-Sisi issued today (August 29) Presidential Decree No. 206 of 2019 approving the letter of agreement for…
Zohr gas field’s 13th well to begin production
August 28, 2019
Zohr gas field’s 13th well to begin production
The Ministry of Petroleum announced that the 13th well at Zohr Field will be ready for production in October. The total…
Egypt’s external debt increases to US$106 billion: CBE
August 28, 2019
Egypt’s external debt increases to US$106 billion: CBE
The Central Bank of Egypt (CBE) stated on Tuesday that Egypt’s external debt increased by 10 percent to total US$106…
Algerian economy creaks at the seams after six months of turmoil
August 28, 2019
Algerian economy creaks at the seams after six months of turmoil
ALGIERS (Reuters) – On the face of it, Algeria’s state-dominated economy has weathered six months of turmoil well, with flightloads…
Egypt’s Sawiris eyes mining opportunities at home with new law
August 27, 2019
Egypt’s Sawiris eyes mining opportunities at home with new law
CAIRO, Aug 26 (Reuters) – Egyptian billionaire Naguib Sawiris said on Monday he intended to invest in gold and copper…