Business
Sisi discusses developing US company Noble Energy’s activities in Egypt
May 20, 2019
Sisi discusses developing US company Noble Energy’s activities in Egypt
Egyptian President Abdel Fattah al-Sisi on Monday received the Chairman and Chief Executive Officer of Noble Energy, David Stover, a…
US dollar maintains stable rates against Egyptian pound
May 19, 2019
US dollar maintains stable rates against Egyptian pound
The US dollar maintained stable rates against the Egyptian pound on Sunday morning, with an average exchange rate of LE17.…
Central Bank of Egypt to increase capital to LE20 bn
May 19, 2019
Central Bank of Egypt to increase capital to LE20 bn
The Central Bank of Egypt (CBE) will raise its capital to LE20 billion following the adoption of the new bill…
IMF agrees with Egyptian authorities on fifth review of Egypt’s economic reform program
May 17, 2019
IMF agrees with Egyptian authorities on fifth review of Egypt’s economic reform program
The International Monetary Fund (IMF) mission to Cairo reached a staff-level agreement with the Egyptian authorities for the completion of…
US dollar price hits LE16.99
May 16, 2019
US dollar price hits LE16.99
US dollar prices continued to decline against the Egyptian pound in several banks on Thursday, hitting LE16.99 for purchase and…
Parliament approves grant of more than €4 mn to develop entrepreneurship
May 15, 2019
Parliament approves grant of more than €4 mn to develop entrepreneurship
Egypt’s House of Representatives on Tuesday approved an agreement signed in February to receive a €4.012 million grant for the…
Egypt to export 12 million tons of natural gas during 2019-2020, EGPC
May 14, 2019
Egypt to export 12 million tons of natural gas during 2019-2020, EGPC
The Egyptian General Petroleum Corporation (EGPC) is expected to export 12 million tons of natural gas worth US$2 billion (LE…
Egypt PM discusses stimulating stock exchange with capital market leaders
May 13, 2019
Egypt PM discusses stimulating stock exchange with capital market leaders
Egypt’s Prime Minister Mostafa Madbouly held a meeting on Monday with capital market leaders to discuss stimulating the stock exchange…
Egyptian hotel market sees 34% growth Q1 2019
May 13, 2019
Egyptian hotel market sees 34% growth Q1 2019
A report conducted by Colliers’ MENA presented a positive outlook regarding this year’s Egyptian hotel markets including the markets in…
Egypt’s trade deficit fell to US$3.63 billion in February: CAPMAS
May 13, 2019
Egypt’s trade deficit fell to US$3.63 billion in February: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced Monday that the value of Egypt’s trade deficit fell to…