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US dollar exchange rate continues decline in Egypt

US dollar exchange rate continues decline in Egypt

US dollar prices declined against the Egyptian pound by an average of four piasters in several banks on Monday. The…
Egypt to increase local components in production: Prime Minister

Egypt to increase local components in production: Prime Minister

Egypt’s Prime Minister Mostafa Madbouly announced Sunday that the government would set a comprehensive strategy to increase the percentage of…
Moody’s expects Egypt’s GDP to increase by 6 percent by 2021

Moody’s expects Egypt’s GDP to increase by 6 percent by 2021

Moody’s investors service said that Egypt’s commitment to economic reforms in cooperation with the World Bank and improvements in the…
Egypt headline inflation drops to 13.0 pct in April: CAPMAS

Egypt headline inflation drops to 13.0 pct in April: CAPMAS

Egypt’s annual urban consumer price inflation eased to 13.0 percent in April from 14.2 percent in March, official statistics agency…
China to provide 4.6 bn yuan soft loan to Egypt for electric train project

China to provide 4.6 bn yuan soft loan to Egypt for electric train project

The Official Gazette published on Thursday morning the decision of President Abdel Fattah al-Sisi, No. 496 of 2018, to approve…
Egypt injects LE70 million for facing illegal immigration

Egypt injects LE70 million for facing illegal immigration

A delegate of the Medium, Small, and Micro Enterprises Development Authority (MSMEDA) said on Wednesday that the government injected LE70…
US Dollar exchange rate in Egypt declines further

US Dollar exchange rate in Egypt declines further

US dollar prices slightly declined against the Egyptian pound in several banks on Sunday. According to the last update prices…
Egypt expects IMF loan final tranche in July – deputy finance minister

Egypt expects IMF loan final tranche in July – deputy finance minister

CAIRO, May 7 (Reuters) – Egypt expects, in principle, to receive the final tranche of about $2 billion of its…
US dollar rate in Egypt declines

US dollar rate in Egypt declines

On Monday, the US dollar saw a two-piaster decline in Egypt’s banks. In Banque Misr and the National Bank of…
Egypt’s foreign currency reserves increase to US$44.218 bn: CBE

Egypt’s foreign currency reserves increase to US$44.218 bn: CBE

The Central Bank of Egypt (CBE) announced that the country’s foreign currency reserves increased to US$44.218 billion at the end…
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