Business
US dollar exchange rate continues decline in Egypt
April 22, 2019
US dollar exchange rate continues decline in Egypt
US dollar prices have slightly declined against the Egyptian pound by an average of two piasters in several banks on…
PepsiCo Egypt to increase investments by US$500 mn
April 21, 2019
PepsiCo Egypt to increase investments by US$500 mn
Chairman and CEO of PepsiCo Egypt Mohamed Shelbaya said that his company intends to pump US$500 million into increasing production…
Egypt seeks 6% growth rate during upcoming fiscal year, Minister
April 20, 2019
Egypt seeks 6% growth rate during upcoming fiscal year, Minister
Finance Minister Mohamed Maait said on Saturday that Egypt’s fiscal policy aims to raise economic growth rates to 6 percent…
Moody’s upgrades Egypt’s rating to B2
April 18, 2019
Moody’s upgrades Egypt’s rating to B2
Moody’s upgraded Egypt’s rating to B2 with a stable outlook, expecting financial and economic reforms to cause gradual and steady…
EFSA to increase market capitalization to LE1.6 trillion: Chairman
April 17, 2019
EFSA to increase market capitalization to LE1.6 trillion: Chairman
The Egyptian Financial Supervisory Authority (EFSA) strategy until 2022 aims to raise the number of listed companies to 275 and…
Egypt’s PM meets Kuwaiti companies, discusses increasing investments
April 17, 2019
Egypt’s PM meets Kuwaiti companies, discusses increasing investments
Egypt’s Prime Minister Mostafa Madbouly met with the executive manager of the Kuwaiti group M.A. Kharafi & Sons and telecommunications…
Egypt receives second shipment of Iraqi crude oil
April 17, 2019
Egypt receives second shipment of Iraqi crude oil
Egypt has received the second shipment of crude oil from Iraq after renewing the supply contract with Iraqi national company…
Egypt to sell stake in Banque du Caire by end of year: CBE Governor
April 16, 2019
Egypt to sell stake in Banque du Caire by end of year: CBE Governor
Central Bank of Egypt Governor Tarek Amer officially revealed plans to sell a stake in Banque du Caire, one of…
Egypt’s Cabinet denies economic crisis caused by IMF conditions
April 16, 2019
Egypt’s Cabinet denies economic crisis caused by IMF conditions
The Egyptian Cabinet’s media center denied rumors on social media that Egypt is undergoing a severe economic crisis thanks to…
Egypt imposes temporary protection fees on iron imports
April 16, 2019
Egypt imposes temporary protection fees on iron imports
The Egyptian Finance Ministry said on Monday that it has begun collecting temporary protection fees on Egypt’s steel imports in…