Business
US dollar records stable prices in Monday dealings
September 25, 2017
US dollar records stable prices in Monday dealings
The US dollar exchange rate to Egyptian pounds almost leveled off at LE 17.61 for purchase and LE 17.71 for…
Saudi Arabia creating $2.7B entertainment investment company
September 20, 2017
Saudi Arabia creating $2.7B entertainment investment company
Saudi Arabia’s sovereign wealth fund is creating an entertainment investment company as the deeply conservative kingdom loosens the reins on…
GDP likely to hit 5.25 percent in fiscal year 2017/18: Finance Minister
September 19, 2017
GDP likely to hit 5.25 percent in fiscal year 2017/18: Finance Minister
Egypt aims to accomplish sustainable economic development with an expectation that it will increase its gross domestic product (GDP) up…
Egypt’s trade deficit drops by 50.4% in June
September 18, 2017
Egypt’s trade deficit drops by 50.4% in June
Egypt’s trade deficit dropped to $1.82 billion during June, compared to $3.66 billion during the same month of last year,…
Mercedes-Benz resumes assembly line in Egypt
September 17, 2017
Mercedes-Benz resumes assembly line in Egypt
Chairman of Suez Canal Authority, Mohab Mamish, announced on Friday that the Suez Canal Economic Zone (SC Zone) delegation made…
US dollar exchange rates witness slight decline
September 17, 2017
US dollar exchange rates witness slight decline
US Dollar exchange rates declined against the Egyptian pound during banking dealings on Sunday. According to the last price update,…
Waymo seeks delay in self-driving trade secret trial against Uber
September 17, 2017
Waymo seeks delay in self-driving trade secret trial against Uber
Alphabet’s Waymo self-driving car unit said critical new evidence it recently obtained in a trade secret lawsuit against Uber means…
US dollar to reach EGP 20 in 2019: CNN
September 15, 2017
US dollar to reach EGP 20 in 2019: CNN
A recent report by CNN Arabia raised two questions: Has the Egyptian pound recovered? Has the Egyptian government succeeded in…
Egypt’s central bank considers obligating banks to classify loans and deposits by gender
September 15, 2017
Egypt’s central bank considers obligating banks to classify loans and deposits by gender
Egypt’s central bank is considering requiring banks to report the breakdown of their loan and deposit figures according to the…
Egypt budget deficit down to 8 pct of GDP in first nine months of 2016-17
September 15, 2017
Egypt budget deficit down to 8 pct of GDP in first nine months of 2016-17
Egypt’s budget deficit for the first nine months of the 2016-17 fiscal year ending in June dipped to 8 percent…