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Egypt’s foreign currency reserve rose to US $44.41 billion in August: CBE

Egypt’s foreign currency reserve rose to US $44.41 billion in August: CBE

  The Central Bank of Egypt (CBE) announced on Wednesday that Egypt’s foreign currency reserves rose to US $44.41 billion…
Times are a-changin’ in London where contactless is king

Times are a-changin’ in London where contactless is king

  For centuries, London has sustained a street-level economy where performers and vendors make a living from the spare change…
Egypt fined $2 billion over natural gas dispute

Egypt fined $2 billion over natural gas dispute

  The International Center for Settlement of Investment Disputes of World Bank has awarded a joint venture between Spain’s Naturgy…
World Bank offers Egypt $500 mn for agriculture

World Bank offers Egypt $500 mn for agriculture

In a meeting with Agriculture Minister Ezz El-Din Abu Steit, the World Bank offered Egypt a flexible loan of US$…
China hosts African leaders amid aid criticism

China hosts African leaders amid aid criticism

  China hosts African leaders Monday for a summit aimed at promoting Beijing’s vision for development on the continent, even…
Egypt, China sign 3 contracts at $1 bn investment

Egypt, China sign 3 contracts at $1 bn investment

  On the sidelines of President Abdel Fattah al-Sisi’s visit to China, three contracts were signed on Sunday evening with…
Dollar maintains prices against Egyptian Pound

Dollar maintains prices against Egyptian Pound

  The US Dollar exchange rate saw stable prices against Egyptian Pound in several Egyptian banks with average of LE17.80…
Egypt’s economic credit rating best since 2011: Minister

Egypt’s economic credit rating best since 2011: Minister

  Minister of Planning, Monitoring and Administrative Reform Hala al-Said announced on Saturday that Moody’s credit outlook rating for the…
New gas discovery in Western Desert: Eni

New gas discovery in Western Desert: Eni

Italian oil company Eni has made a gas discovery in the Obayed concession in the Egyptian Western Desert, according to a…
Moody’s raises Egypt credit rating to ‘positive’

Moody’s raises Egypt credit rating to ‘positive’

Moody’s Investors Service has upgraded Egypt’s credit outlook rating from “stable” to “positive”, praising the government’s IMF-spurred economic reform. According…
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