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UK embassy launches EGP 47 million startup initiative ‘StartEgypt’

UK embassy launches EGP 47 million startup initiative ‘StartEgypt’

The British embassy in conjunction with the International Finance Corporation launched on Thursday an initiative for start-ups worth EGP 47…
US dollar exchange rate rise on Wednesday

US dollar exchange rate rise on Wednesday

The US dollar exchange rate against the Egyptian pound currency slightly increased in Egypt’s banking sector on Wednesday. According to…
US dollar rate inches up Tuesday

US dollar rate inches up Tuesday

The US dollar exchange rate against the Egyptian pound currency increased in several Egyptian banks on Tuesday morning. According to…
Dollar exchange rate sees slight increase on Sunday

Dollar exchange rate sees slight increase on Sunday

US dollar prices against the Egyptian pound increased in several Egyptian banks on Sunday. According to the latest price updates,…
Egypt’s central bank holds interest rates as expected

Egypt’s central bank holds interest rates as expected

Egypt’s central bank kept interest rates unchanged as expected on Thursday, concluding that further declines in inflation were needed to…
Kuwait lifts ban on import of Egyptian agricultural products

Kuwait lifts ban on import of Egyptian agricultural products

Kuwait’s Ministry of Agriculture announced on Thursday it is lifting the temporary ban of Egyptian agricultural imports prohibiting lettuce, pepper,…
Egypt’s debt up to LE 3.7 trillion: finance minister

Egypt’s debt up to LE 3.7 trillion: finance minister

Egypt’s Minister of Finance Amr El-Garhy said on Tuesday that the country’s internal and external debt totalled LE 3.7 trillion…
Egypt’s central bank seen holding off cutting rates because of still-high inflation: Reuters poll

Egypt’s central bank seen holding off cutting rates because of still-high inflation: Reuters poll

With Egypt’s inflation still above 30 percent, the central bank is expected keep its key interest rates on hold in…
Egypt’s CIB to boost Tier 2 debt as it looks to African growth

Egypt’s CIB to boost Tier 2 debt as it looks to African growth

Egypt’s Commercial International Bank (CIB) plans to boost Tier 2 capital through dollar-denominated subordinated loans as it seeks to diversify…
Egypt court ruling to reinstate ergot ban in wheat imports: lawyer

Egypt court ruling to reinstate ergot ban in wheat imports: lawyer

An Egyptian court on Tuesday effectively reinstated a ban on wheat imports containing even trace levels of the common grain…
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