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Third IMF loan installment will bridge funding gap: CBE source

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…
Egypt to receive $2 billion as part of IMF loan in June or July: Deputy Finance Minister

Egypt to receive $2 billion as part of IMF loan in June or July: Deputy Finance Minister

Egypt will receive $2 billion in the fourth disbursal from a $12 billion International Monetary Fund loan in June or…
US dollar price stable at majority of banks in Egypt

US dollar price stable at majority of banks in Egypt

US dollar exchange rates were stable throughout Thursday morning trading. In the National Bank of Egypt (NBE), the US dollar…
Egyptian expats remittances record highest level in history: CBE

Egyptian expats remittances record highest level in history: CBE

From November 2016 to November 2017, the total sum of remittances sent to Egypt from expats working abroad reached $24.2 billion,…
US dollar prices witness slight changes Wednesday

US dollar prices witness slight changes Wednesday

The US dollar exchange rate witnessed slight changes during morning trading on Wednesday, after witnessing a rise during last week’s…
US dollar exchange rate rises slightly

US dollar exchange rate rises slightly

The US dollar exchange rate rose slightly during morning trading on Tuesday, after witnessing a remarkable rise during last week…
World’s largest container ship crosses Suez Canal

World’s largest container ship crosses Suez Canal

The world’s largest container ship OOCL Hong Kong crossed the Suez Canal on Monday on its way from the Netherlands…
Hilton to add 1000 extra rooms in Egypt in 2018

Hilton to add 1000 extra rooms in Egypt in 2018

Hilton Worldwide is planning to add 1000 more rooms to the number of existing rooms it manages in Egypt by…
US dollar exchange rate approaching LE 18

US dollar exchange rate approaching LE 18

The US dollar exchange rate hiked during Monday morning trading, approaching LE 18, with more than one bank selling it…
Egypt, Argentina consider Hepatitis medication barter deal to improve trade deficit

Egypt, Argentina consider Hepatitis medication barter deal to improve trade deficit

Egypt’s Minister of Trade and Industry Tarek Qabil said on Wednesday that Egypt and Argentina are considering a barter deal…
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