Business
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…
Egypt considers first electric car factory in partnership with China
August 26, 2019
Egypt considers first electric car factory in partnership with China
Egyptian Minister of the Public Business Sector Hisham Tawfik on Monday discussed with a Chinese delegation entrance into a partnership…
Turkish lira slides on trade war unease, hit by ‘flash crash’
August 26, 2019
Turkish lira slides on trade war unease, hit by ‘flash crash’
ISTANBUL/ANKARA (Reuters) – The Turkish lira weakened more than 1% against the dollar on Monday, after briefly tumbling to 6.47…
CAPMAS: Egypt’s exports to G7 nations rose to $3.8 billion in January-June
August 25, 2019
CAPMAS: Egypt’s exports to G7 nations rose to $3.8 billion in January-June
The Central Agency for Public Mobilization and Statistics (CAPMAS) stated on Saturday that Egypt’s exports to G7 countries rose by…
Egypt’s Gold prices up by LE13 per gram, 21 carats at LE705
August 24, 2019
Egypt’s Gold prices up by LE13 per gram, 21 carats at LE705
Gold prices have risen in the local market on Saturday by about LE13, boosted by rising global markets. The price…