Business
US dollar prices record decline in Egypt on Thursday
May 30, 2019
US dollar prices record decline in Egypt on Thursday
The US dollar exchange rates declined against the Egyptian pound on Tuesday in several banks. The dollar prices have decreased…
Bombardier-Orascom consortium wins Egypt monorail train bid
May 29, 2019
Bombardier-Orascom consortium wins Egypt monorail train bid
The Bombardier-Orascom-Arab Contractors consortium won the bid for a monorail project planned at the New Administrative Capital and Sixth of…
CBE to ban issuance of cryptocurrency without licenses
May 28, 2019
CBE to ban issuance of cryptocurrency without licenses
The new banking law for the Central Bank of Egypt (CBE) bans creating, promoting or operating platforms for issuing or…
Egypt considers international bids to purchase 3 power plants
May 28, 2019
Egypt considers international bids to purchase 3 power plants
Egypt is considering bids from Zarou, one of the companies owned by US investment firm Blackstone, and Malaysian company Edra…
US dollar price in Egypt continues decline
May 27, 2019
US dollar price in Egypt continues decline
On Monday, the US dollar saw a two-piaster decline in Egypt’s banks. In the National Bank of Egypt, it recorded…
Egypt’s central bank keeps key interest rates unchanged
May 27, 2019
Egypt’s central bank keeps key interest rates unchanged
CAIRO, May 23 (Reuters) – Egypt’s central bank on Thursday kept its key interest rates unchanged, in line with a…
Egypt govt to found new company for establishing wholesale markets
May 27, 2019
Egypt govt to found new company for establishing wholesale markets
The Egyptian Cabinet is considering a request from the Supply Ministry to establish a company specializing in the establishment and…
US dollar prices in Egypt continue decline on Sunday: CBE
May 26, 2019
US dollar prices in Egypt continue decline on Sunday: CBE
US dollar prices continued their decline in several banks in Egypt on Sunday, according to price updates issued by the…
Egypt’s fish farming ranks first in Africa and 8th globally
May 24, 2019
Egypt’s fish farming ranks first in Africa and 8th globally
Egypt’s Minister of Agriculture and Land Reclamation Ezz El Din Abu Steit declared that Egypt has been ranked first in Africa…
US Dollar prices witness drop against Egyptian Pound: CBE
May 24, 2019
US Dollar prices witness drop against Egyptian Pound: CBE
Central Bank of Egypt (CBE) stated on Thursday that the US dollar rates dropped to LE16.83 for purchase and LE16.93…