Business
Seven startups to represent Egypt globally in 2019 GES
May 21, 2019
Seven startups to represent Egypt globally in 2019 GES
Seven of Egypt’s most prominent startups will represent the country in the 2019 Global Entrepreneurship Summit (GES) in The Hague…
Electricity prices to increase in July: minister
May 21, 2019
Electricity prices to increase in July: minister
The Minister of Electricity and Renewable Energy Mohamed Shaker revealed that the new increase in electricity prices, which will be…
Average weekly wage LE1,104 in 2018: CAPMAS
May 20, 2019
Average weekly wage LE1,104 in 2018: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Monday that the average weekly wage in 2018 for…
Sisi discusses developing US company Noble Energy’s activities in Egypt
May 20, 2019
Sisi discusses developing US company Noble Energy’s activities in Egypt
Egyptian President Abdel Fattah al-Sisi on Monday received the Chairman and Chief Executive Officer of Noble Energy, David Stover, a…
US dollar maintains stable rates against Egyptian pound
May 19, 2019
US dollar maintains stable rates against Egyptian pound
The US dollar maintained stable rates against the Egyptian pound on Sunday morning, with an average exchange rate of LE17.…
Central Bank of Egypt to increase capital to LE20 bn
May 19, 2019
Central Bank of Egypt to increase capital to LE20 bn
The Central Bank of Egypt (CBE) will raise its capital to LE20 billion following the adoption of the new bill…
IMF agrees with Egyptian authorities on fifth review of Egypt’s economic reform program
May 17, 2019
IMF agrees with Egyptian authorities on fifth review of Egypt’s economic reform program
The International Monetary Fund (IMF) mission to Cairo reached a staff-level agreement with the Egyptian authorities for the completion of…
US dollar price hits LE16.99
May 16, 2019
US dollar price hits LE16.99
US dollar prices continued to decline against the Egyptian pound in several banks on Thursday, hitting LE16.99 for purchase and…
Parliament approves grant of more than €4 mn to develop entrepreneurship
May 15, 2019
Parliament approves grant of more than €4 mn to develop entrepreneurship
Egypt’s House of Representatives on Tuesday approved an agreement signed in February to receive a €4.012 million grant for the…
Egypt to export 12 million tons of natural gas during 2019-2020, EGPC
May 14, 2019
Egypt to export 12 million tons of natural gas during 2019-2020, EGPC
The Egyptian General Petroleum Corporation (EGPC) is expected to export 12 million tons of natural gas worth US$2 billion (LE…