Business
Egypt awaits IMF decision on $1.2 billion loan disbursement
February 7, 2025
Egypt awaits IMF decision on $1.2 billion loan disbursement
Julie Kozack, the spokesperson for the International Monetary Fund (IMF), stated that the Fund’s Executive Board will discuss the disbursement…
Turkey to supply Egypt with large amount of gas
February 5, 2025
Turkey to supply Egypt with large amount of gas
Egypt is preparing to receive the Turkish gasification ship “Botas” in June, to provide the market with supplies of up…
Largest sovereign wealth fund reduces its holdings in Egyptian equities
January 31, 2025
Largest sovereign wealth fund reduces its holdings in Egyptian equities
Investments by Norway’s sovereign wealth fund in companies listed on the Egyptian stock exchange decreased during 2024, reaching $100.3 million…
Egyptian remittances jump 47% to $26.3 billion
January 30, 2025
Egyptian remittances jump 47% to $26.3 billion
The Central Bank of Egypt on Wednesday announced a significant increase in remittances from Egyptians abroad, reaching $26.3 billion from…
Egypt amongst top 10 African countries with largest proven crude oil reserves: Business Africa
January 28, 2025
Egypt amongst top 10 African countries with largest proven crude oil reserves: Business Africa
Egypt now ranks amongst the top 10 African countries with the largest proven crude oil reserves in 2025, according to…
US dollar declines against Egyptian pound on Monday
January 27, 2025
US dollar declines against Egyptian pound on Monday
The US dollar price on Monday decreased against the Egyptian pound within the National Bank of Egypt, with the greenback…
US dollar exchange rate stabilizes against the Egyptian pound at Egypt’s major banks
January 23, 2025
US dollar exchange rate stabilizes against the Egyptian pound at Egypt’s major banks
The US dollar exchange rate against the Egyptian pound remained stable in banks on Thursday. The greenback maintained its latest…
Double your money – details of the 4-Year Bullet Certificate of Deposit from AAIB
January 22, 2025
Double your money – details of the 4-Year Bullet Certificate of Deposit from AAIB
The Arab African International Bank has provided many types of certificates of deposits to customers, including the four-year certificate with…
Following decline, US Dollar exchange rate stable against Egyptian Pound on Thursday
January 16, 2025
Following decline, US Dollar exchange rate stable against Egyptian Pound on Thursday
The US Dollar against the Egyptian Pound recorded stability at the beginning of trading on Thursday, after declining yesterday. The…
China to establish new industrial complex in Egypt worth US$1.6 billion
January 15, 2025
China to establish new industrial complex in Egypt worth US$1.6 billion
The Chinese Ambassador to Cairo, Liao Liqiang, revealed that a Chinese company has announced an investment worth US$1.6 billion to…