Business
Egypt to receive $2 bn from IMF after 3rd review in May: minister
April 19, 2018
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
April 18, 2018
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
April 17, 2018
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
April 16, 2018
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
April 16, 2018
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
April 14, 2018
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
April 12, 2018
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
April 11, 2018
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
April 11, 2018
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
April 11, 2018
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…