Business

Egypt to sell $1 bln in dollar-denominated one-year treasury bills – Cbank

Egypt to sell $1 bln in dollar-denominated one-year treasury bills – Cbank

Egypt will sell $1 billion in dollar-denominated, one-year treasury bills on December 11, the central bank said on Thursday. Appetite…
Sweeping increase in US dollar value against Egyptian pound on Wednesday

Sweeping increase in US dollar value against Egyptian pound on Wednesday

The US dollar saw a sweeping increase in its exchange rate against the Egyptian pound – as well as various…
Egypt’s Atoll gas field begins test production: minister

Egypt’s Atoll gas field begins test production: minister

Test production at Egypt’s Atoll offshore gas field began on Tuesday with a production capacity of 300 million cubic feet…
Egypt says 4 bln dollars of debt paid to African Export-Import Bank

Egypt says 4 bln dollars of debt paid to African Export-Import Bank

 Egypt has paid back a total $4 billion to the African Export-Import Bank, the central bank said on Tuesday. The…
CBE: foreign reserves rise by $20 million in November

CBE: foreign reserves rise by $20 million in November

The Central Bank of Egypt (CBE) said that the country’s net foreign currency reserves rose by $20 million at the…
US dollar slightly up on Monday

US dollar slightly up on Monday

The US dollar exchange rate slightly rose against the Egyptian pound in the dealings of Egypt’s banking sector on Monday after…
Growth rate has increased due to investment surge: Planning Minister

Growth rate has increased due to investment surge: Planning Minister

  Egypt’s Minister of Planning Hala Al-Saeed said Thursday that a rise in investments in the country has contributed to…
US dollar price unstable on Wednesday

US dollar price unstable on Wednesday

The US dollar exchange rate against the Egyptian pound was unstable in Egyptian banks on Wednesday. According to the latest…
Forbes celebrates 100-year anniversary by honoring Egyptian business innovators

Forbes celebrates 100-year anniversary by honoring Egyptian business innovators

Gathered in the luxurious setting of the Nile Ritz-Carlton Hotel sat some of the most brilliant minds in Egypt; upon…
Global container companies reinstate their activates in Egypt

Global container companies reinstate their activates in Egypt

Global container companies Hapag Lloyd, Yang Ming, Mitsui, NYK and K-line said on Monday that they will resume their navigation…
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