Business
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…
Egypt in talks with Sudan to lift ban on food exports
August 29, 2018
Egypt in talks with Sudan to lift ban on food exports
Lifting the ban on Egyptian food exports to Sudan dominated talks between Egyptian ministers of agriculture and trade with…
Dollar rate slightly increases on Wednesday
August 29, 2018
Dollar rate slightly increases on Wednesday
The US Dollar’s exchange rate against the Egyptian Pound slightly increased in banks this morning, with an average of LE17.80.…
Egypt maintains LE16 custom exchange rate
August 29, 2018
Egypt maintains LE16 custom exchange rate
The price of the custom dollar will remain at LE16 in September, Finance Minister Mohammed Moaet briefly reported on Wednesday. The…
Erdogan says commitment of all Turks needed to combat attacks on economy
August 25, 2018
Erdogan says commitment of all Turks needed to combat attacks on economy
The commitment and determination of Turks is the guarantee needed to combat attacks on Turkey’s economy, President Tayyip Erdogan…
Egypt to repay IMF loan starting in May 2021: Government sources
August 25, 2018
Egypt to repay IMF loan starting in May 2021: Government sources
Egypt will begin repaying the International Monetary Fund (IMF) loan in May 2021 with a tranche worth US $2.75…
Egypt allocates LE24 billion to develop textile sector and cotton industry
August 25, 2018
Egypt allocates LE24 billion to develop textile sector and cotton industry
The Egyptian government has set the total value of a plan to modernize the state-owned textile sector at LE24…
Metro stations may have coin change machines: Finance Ministry
August 22, 2018
Metro stations may have coin change machines: Finance Ministry
The Egyptian Finance Ministry is considering distributing machines to major subway stations that will convert notes into coins, and increase…