Business
UNIDO to establish entrepreneurship centers in Arab countries
August 8, 2018
UNIDO to establish entrepreneurship centers in Arab countries
The United Nations Industrial Development Organization (UNIDO) and the Union of Arab Chambers (UAC) have agreed to establish centers for…
Egypt rated ‘B’ by global credit agency, with ‘positive outlook’
August 7, 2018
Egypt rated ‘B’ by global credit agency, with ‘positive outlook’
Fitch Ratings, a globally-recognized credit rating agency, has reaffirmed Egypt’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at “B”, while maintaining…
Annual meetings of WB, IMF African caucuses at Sharm el-Sheikh conclude
August 7, 2018
Annual meetings of WB, IMF African caucuses at Sharm el-Sheikh conclude
The annual meetings of the African caucuses for the World Bank (WB) and the International Monetary Fund (IMF) concluded on…
Suez Canal revenues hit $15.8 billion in past 3 years: Mamesh
August 6, 2018
Suez Canal revenues hit $15.8 billion in past 3 years: Mamesh
The Suez Canal has made revenues of US$15.8 billion – equivalent to LE219 billion – in the past three years,…
Egypt to conclude economic reform program by 2019: IMF official
August 5, 2018
Egypt to conclude economic reform program by 2019: IMF official
The Executive Director of the International Monetary Fund (IMF) Hazim al-Beblawi announced on Saturday that the current fiscal year…
New ‘Investment Fund’ to manage Egypt’s endowment money: Endowments Minister
August 4, 2018
New ‘Investment Fund’ to manage Egypt’s endowment money: Endowments Minister
Egypt’s Religious Endowments Minister Mohamad Mokhtar Gomaa held a meeting with President Abdel Fattah al-Sisi, where he discussed ways…
Egypt exports increase by 14% in the first half of 2018
August 4, 2018
Egypt exports increase by 14% in the first half of 2018
Egypt’s trade exchange rate increased by 15.5 percent in the first half of 2018 compared to the same period…
Egypt to host African Caucus for WB, IMF on Sunday and Monday
August 4, 2018
Egypt to host African Caucus for WB, IMF on Sunday and Monday
Egypt will host the annual meetings for the African Caucus for the World Bank (WB) and the International Monetary…
US dollar falls to LE17.80
August 1, 2018
US dollar falls to LE17.80
US dollar prices witnessed a decline on Wednesday morning, recording an average of LE17.80 after hovering around 17.90 on Monday…
Egypt maintains LE16 per USD customs exchange rate for August
July 31, 2018
Egypt maintains LE16 per USD customs exchange rate for August
Egypt’s Finance Minister Mohamed Maeet announced on Tuesday that the exchange rate of the customs dollar will continue to be…