Business
Egypt’s foreign currency reserve rose to US $44.41 billion in August: CBE
September 5, 2018
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
September 5, 2018
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
September 4, 2018
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
September 4, 2018
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
September 3, 2018
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
September 3, 2018
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
September 2, 2018
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
September 2, 2018
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
August 31, 2018
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’
August 29, 2018
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…