Business
Egypt negotiates with Saudi Arabia, Kuwait to extend deposit maturity
February 10, 2018
Egypt negotiates with Saudi Arabia, Kuwait to extend deposit maturity
Egypt is negotiating with Saudi Arabia and Kuwait to extend the maturity of deposits for a new term, high-level government sources…
Banque Misr, ExxonMobil launch e-payment service for petroleum services
February 9, 2018
Banque Misr, ExxonMobil launch e-payment service for petroleum services
Banque Misr, in collaboration with Visa and ExxonMobil Egypt, initiated on Thursday a strategic partnership to expand electronic payment for…
US dollar witnesses fluctuating prices on Thursday
February 8, 2018
US dollar witnesses fluctuating prices on Thursday
The US dollar slightly fluctuated against the Egyptian pound on Thursday at an average of LE17.58. According to the last…
Egypt’s foreign debt up to $80.8bn in 2017: CBE
February 7, 2018
Egypt’s foreign debt up to $80.8bn in 2017: CBE
The Central Bank of Egypt (CBE) stated on Wednesday that Egypt’s total foreign debt jumped to US$80.8 billion by end…
Indian investments in Egypt reach $3bn: Indian Ambassador
February 7, 2018
Indian investments in Egypt reach $3bn: Indian Ambassador
India’s Ambassador to Egypt, Sanjay Bhattacharyya, stated on Wednesday that the value of the Indian economy soared to $2.5…
Egypt plans first hydropower plant in Middle East
February 7, 2018
Egypt plans first hydropower plant in Middle East
The Electricity Ministry is planning to build the first hydropower plant in the Middle East at a capacity of 2,400…
Global stocks tumble as Wall Street braces for more losses
February 6, 2018
Global stocks tumble as Wall Street braces for more losses
Stock markets around the world took a battering Tuesday, following a dramatic sell-off on Wall Street that triggered concerns that…
Over LE100 bn in cash flows since flotation of the pound: CBE governor
February 6, 2018
Over LE100 bn in cash flows since flotation of the pound: CBE governor
The volume of cash flows into the Egyptian economy since the flotation of the pound in November 2016 has exceeded…
US dollar prices decline on Tuesday
February 6, 2018
US dollar prices decline on Tuesday
The US dollar exchange rate witnessed a decline in bank dealings on Tuesday, with the average dollar price landing at…
European markets plunge at opening bell as stock market dip deepens
February 6, 2018
European markets plunge at opening bell as stock market dip deepens
Global markets continue to wobble precariously. European markets took a big hit as Tuesday’s trading began, following major losses across…