Business

Egypt to receive $2 bn from IMF after 3rd review in May: minister

Egypt to receive $2 bn from IMF after 3rd review in May: minister

Egypt’s Finance Minister Amr al-Garhy said on Wednesday that the review of the International Monetary Fund’s (IMF) third installment to…
Egypt’s economic growth to reach 5.2% in 2018: IMF

Egypt’s economic growth to reach 5.2% in 2018: IMF

The International Monetary Fund (IMF) expects economic growth in Egypt to reach 5.2 percent in 2018 and 5.5 percent in 2019,…
Government to establish free zone in Nuweiba, South Sinai

Government to establish free zone in Nuweiba, South Sinai

Prime Minister Sherif Ismail issued on Sunday a decision to establish a public free zone on a plot of 226.047…
US dollar prices slightly increase on Monday

US dollar prices slightly increase on Monday

The US dollar exchange rate witnessed a slight increase against the Egyptian pound reaching an average of LE17.58 during the banking dealing…
Egypt’s exports to South Africa increased by 69% in 2017: minister

Egypt’s exports to South Africa increased by 69% in 2017: minister

Egyptian commodity exports to South Africa in 2017 increased by 69 percent, reaching about US$99 million, compared to US$58.5 million…
NBE, Banque Misr halt issuance of 17% savings certificates

NBE, Banque Misr halt issuance of 17% savings certificates

Banque Misr and the National Bank of Egypt (NBE) stated they will be halting the issuance of savings certificates with fixed…
US dollar exchange against Egyptian pound on Thursday

US dollar exchange against Egyptian pound on Thursday

US dollar exchange rates maintained stable prices against the Egyptian pound in bank dealings on Thursday. According to the latest…
Egyptian banks to provide ‘Aman’ certificate for expats

Egyptian banks to provide ‘Aman’ certificate for expats

Minister of Immigration and Egyptian Expatriates’ Affairs Nabila Makram announced in a press conference on Tuesday the establishment of an…
Egypt selling bonds worth 2 billion euros

Egypt selling bonds worth 2 billion euros

Egypt is selling international bonds valued at 2 billion euros through two tranches, with maturities of eight and 12 years…
US dollar exchange rates on Wednesday

US dollar exchange rates on Wednesday

The US dollar maintained different exchange rates in all banks on Wednesday, but remained above LE17.60 in dealings. The lowest…
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