Business

Egypt’s Balance of Payment surplus records $12.8 billion

Egypt’s Balance of Payment surplus records $12.8 billion

Egypt’s Balance of Payment (BoP) ran an overall surplus of $12.8 billion during fiscal year (FY) 2017-2018, compared to an…
Egypt keeps customs exchange rate at LE16 per US dollar for October

Egypt keeps customs exchange rate at LE16 per US dollar for October

  Egypt’s Finance Minister Mohamed Maeet announced on Saturday that the exchange rate of the customs dollar will continue to…
EU launches Asia strategy to rival China’s ‘new Silk Road’

EU launches Asia strategy to rival China’s ‘new Silk Road’

  As doubts grow over China’s vast “Belt and Road” trade infrastructure project, the EU is launching an alternative plan…
Egypt’s economy one of the strongest in the Middle East: IMF

Egypt’s economy one of the strongest in the Middle East: IMF

  International Monetary Fund (IMF) Director Christine Lagarde announced that Egypt’s economy has become one of the highest growing economies…
Egypt intensifies oil exploration in Mediterranean, Red Sea

Egypt intensifies oil exploration in Mediterranean, Red Sea

  Egypt’s Petroleum Ministry is intensifying efforts to explore oil and gas in new parts of the Mediterranean and Red…
20 Egyptian women make Forbes Middle East’s Most Influential Women of 2018

20 Egyptian women make Forbes Middle East’s Most Influential Women of 2018

  Forbes Middle East has included 20 Egyptians in its 2018 ranking of the region’s 100 most influential women, including 18…
Egypt has 2nd-highest total wealth in Africa: report

Egypt has 2nd-highest total wealth in Africa: report

  In the Africa Wealth Report of 2018, Egypt is measured as having the second-highest gross wealth on the continent.…
Egypt, Cyprus sign agreement for direct gas sea pipeline

Egypt, Cyprus sign agreement for direct gas sea pipeline

  Egypt and Cyprus have signed a contract for construction of a direct sea pipeline, for the transfer of natural…
Egypt’s market capital losses reach LE64 billion

Egypt’s market capital losses reach LE64 billion

  The Egyptian Exchange’s (EGX) market capital fell by LE29 billion on Wednesday, closing at LE785.6 billion and bringing the…
Egypt to purchase 475,000 tons of Russian and Ukrainian wheat

Egypt to purchase 475,000 tons of Russian and Ukrainian wheat

  Egypt’s General Authority for Supply Commodities (GASC) made contracts on behalf of the Supply Ministry to purchase 475,000 tons…
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