Business
Stricter inspection measures to increase exports of Egyptian fruits: Agriculture Ministry
December 31, 2017
Stricter inspection measures to increase exports of Egyptian fruits: Agriculture Ministry
Egypt’s Ministry of Agriculture announced that it would impose stricter inspection measures of Egyptian fruits, including guava and pomegranate, in…
Egypt sets customs exchange rate at LE16 per US dollar for January
December 31, 2017
Egypt sets customs exchange rate at LE16 per US dollar for January
Egypt’s customs exchange rate will continue to be fixed at LE16 per dollar starting from Monday, January 1, 2018, until…
Recession hits Egypt’s gold market
December 31, 2017
Recession hits Egypt’s gold market
The gold price climbed LE7 domestically on Saturday, driven by global price hikes, amid a state of unprecedented stagnation on…
Egypt exports to Turkey up 44% in 10 months: ministry
December 30, 2017
Egypt exports to Turkey up 44% in 10 months: ministry
Egypt Trade and Industry Minister Tariq Qabil said on Saturday that Egyptian exports to Turkey significantly increased between January and…
Saudi Arabia bans Egyptian guava import
December 29, 2017
Saudi Arabia bans Egyptian guava import
Saudi Arabia has officially informed Egypt of its decision to ban the import of Egyptian guava due to the high…
US dollar exchange rates stable on Thursday
December 28, 2017
US dollar exchange rates stable on Thursday
US dollar exchange rates were stable throughout Thursday morning trading. In the National Bank of Egypt (NBE), the US dollar…
Egypt’s vegetable oil reserves at 3 months, sugar at 5: official
December 27, 2017
Egypt’s vegetable oil reserves at 3 months, sugar at 5: official
Egypt’s strategic vegetable oil reserves are enough to meet consumption needs for more than three months while sugar reserves are…
Egypt’s exchange remains top Arab performer in 2017
December 27, 2017
Egypt’s exchange remains top Arab performer in 2017
The head of the Egyptian Exchange says its benchmark index has made significant gains in 2017 thanks to economic reforms…
Egypt’s EFG Hermes looks to manage renewable energy projects: energy head
December 26, 2017
Egypt’s EFG Hermes looks to manage renewable energy projects: energy head
Egyptian investment bank EFG Hermes expects to begin offering factoring services in the first quarter of 2018 as part of…
Third IMF loan installment will bridge funding gap: CBE source
December 24, 2017
Third IMF loan installment will bridge funding gap: CBE source
The third tranche of the International Monetary Fund (IMF) loan worth $2 billion will be used to support the state…