Business
Egypt’s banks to pay back dues of Suez Canal certificates in September
August 11, 2019
Egypt’s banks to pay back dues of Suez Canal certificates in September
Investor experts said that Egyptian banks will pay back on September 4 the dues of Suez Canal certificates amounting LE64…
Egypt’s inflation rate sees 1.5% increase in July: CAPMAS
August 8, 2019
Egypt’s inflation rate sees 1.5% increase in July: CAPMAS
Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) said on Thursday that the country’s inflation rate increased by 1.5 percent…
Sisi officially approves Egypt-EIB loan agreement
August 8, 2019
Sisi officially approves Egypt-EIB loan agreement
President Abdel Fattah al-Sisi has approved a government agreement between Egypt and the European Investment Bank (EIB) on the Kitchener…
Minister: Companies sign MoU establishing ammonia plant in Suez
August 7, 2019
Minister: Companies sign MoU establishing ammonia plant in Suez
Egypt’s Minister of Public Business Sector Hesham Tawfik witnessed on Wednesday the signing of a Memorandum of Understanding (MoU) between…
Egypt’s foreign currency reserves increase to US$44.916 bn in July: CBE
August 7, 2019
Egypt’s foreign currency reserves increase to US$44.916 bn in July: CBE
The Central Bank of Egypt (CBE) said on Tuesday that the value of the country’s foreign currency reserves reached US$44.916…
Summer sales, Eid al-Adha boost clothes sales
August 7, 2019
Summer sales, Eid al-Adha boost clothes sales
The coming of the Eid al-Adha holiday along with the announcement of summer sales at the end of July, 40…
Egypt, Chinese company sign MoU for container terminal in Alexandria
August 7, 2019
Egypt, Chinese company sign MoU for container terminal in Alexandria
Egypt’s President Abdel Fattah el-Sisi held a meeting on Tuesday with Commander in Chief of the Naval Forces Ahmed Khalid,…
Suez Canal makes record revenues in 2018/2019 fiscal year
August 6, 2019
Suez Canal makes record revenues in 2018/2019 fiscal year
The head of the General Authority for the Suez Canal Economic Zone (SCZone) Mohab Mamish announced on Tuesday that revenues…
US dollar price continues to drop against Egyptian pound
August 5, 2019
US dollar price continues to drop against Egyptian pound
The US dollar fell by two piasters on Sunday, having thus decreased 130 piasters since the beginning of 2019, MENA…
Egypt, US sign four grant agreements worth US$60 million
August 4, 2019
Egypt, US sign four grant agreements worth US$60 million
Egypt and the US on Sunday signed four grant agreements for cooperation in the fields of higher education, science, technology,…