Business
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…
Egypt dollar bonds extend losses after weekend protests
September 25, 2019
Egypt dollar bonds extend losses after weekend protests
Egyptian dollar bonds issued by the government extended losses for a second day on Tuesday in the wake of protests…
Egypt’s exports to United States increase 37.5% during January-July
September 22, 2019
Egypt’s exports to United States increase 37.5% during January-July
The Egyptian Trade Representation Office in the United States on Saturday issued a report on commercial relations between Egypt and…
Egypt, Italy sign LE360 mn agreement on silos
September 20, 2019
Egypt, Italy sign LE360 mn agreement on silos
Egypt and Italy signed Thursday an agreement to establish 10 vertical silos and apply the information and communications technology (ICT)…
Egyptian economist says dollar to stand at LE16
September 19, 2019
Egyptian economist says dollar to stand at LE16
Egyptian economist Walid Gaballah predicted that the Egyptian pound-dollar exchange rate will decline to LE16 per dollar. The economist stated this…