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Dollar price continues to decline

Dollar price continues to decline

The dollar price continued its decline in the local exchange market against the Egyptian pound on Wednesday after stabilizing since…
Egyptian exports to US up by 25.7 percent in 2018, CAPMAS

Egyptian exports to US up by 25.7 percent in 2018, CAPMAS

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) said on Wednesday that Egyptian exports to the United States during…
ITFC celebrates funding Egypt with $1.130 billion

ITFC celebrates funding Egypt with $1.130 billion

Minister of Investment and International Cooperation Sahar Nasr, Petroleum Minister Tarek al-Mulla, and Minister of Supply Ali Meselhy participated in…
Egypt’s new electricity prices to apply starting Monday

Egypt’s new electricity prices to apply starting Monday

A spokesperson for the Ministry of Electricity, Ayman Hamza, announced that Egypt’s new tariff for electricity prices are set to…
Egypt’s GAFI to establish 6 public free zones during 2019/2020

Egypt’s GAFI to establish 6 public free zones during 2019/2020

CEO of the General Authority for Investment and Free Zones (GAFI) Mohsen Adel said on Sunday that construction has begun…
Minister: Egypt consulting with IMF over future cooperation

Minister: Egypt consulting with IMF over future cooperation

Egypt’s Finance Minister Mohamed Maait announced Friday that there are consultations between Egypt and the International Monetary Fund (IMF) regarding…
Banks to suspend work on July 1, 2 on occasion of June 30 revolution: CBE

Banks to suspend work on July 1, 2 on occasion of June 30 revolution: CBE

The Central Bank of Egypt (CBE) has decided to suspend work in their local and foreign banks on June 30…
US dollar prices maintained on Thursday

US dollar prices maintained on Thursday

The US dollar exchange prices were maintained against the Egyptian Pound on Thursday during banking dealings. The dollar has declined…
IBM to inaugurate two centers in Cairo

IBM to inaugurate two centers in Cairo

IBM multinational information technology company announced that it will expand its activity in the Middle East and Africa by opening…
Mercedes-Benz Co. to establish Middle East’s first-of-its-kind logistics hub in Suez Canal Economic Zone

Mercedes-Benz Co. to establish Middle East’s first-of-its-kind logistics hub in Suez Canal Economic Zone

After at four-years hiatus, Mecredes Benz will resume assembling passenger cars in Egypt in addition to launching an investment plan…
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