Business
Petroleum Minister: 100% increase in natural gas production by 2020
July 18, 2017
Petroleum Minister: 100% increase in natural gas production by 2020
Egypt’s new natural gas projects will increase production by 50 percent in 2018, and 100 percent by 2020, Petroleum Minister…
Egypt receives second IMF loan installment Tuesday
July 18, 2017
Egypt receives second IMF loan installment Tuesday
Egypt received the second installment of the its International Monetary Fund (IMF) loan on Tuesday, the equivalent of $1.25 billion, said…
US dollar exchange rate surpasses LE18
July 17, 2017
US dollar exchange rate surpasses LE18
The US Dollar exchange rate against the Egyptian Pound slightly rose on Sunday within the banking sector to settle above LE18.…
Egypt to receive third IMF loan of $2 billion between December and January
July 17, 2017
Egypt to receive third IMF loan of $2 billion between December and January
Egypt expects to receive a third loan installment worth $2 billion from the International Monetary Fund (IMF) between December and…
US dollar over LE18 in private banks of Egypt
July 16, 2017
US dollar over LE18 in private banks of Egypt
The US dollar exchange rate witnessed a relatively high increase against the Egyptian pound, and a slight fluctuation among banks…
Telecom companies consider increase in service prices
July 14, 2017
Telecom companies consider increase in service prices
Telecommunications companies in Egypt are considering an increase in the prices of services provided to subscribers. The companies attributed the…
Egypt to receive $1.25 billion IMF loan
July 14, 2017
Egypt to receive $1.25 billion IMF loan
Egypt is to receive a second loan installment worth $1.25 billion from the International Monetary Fund on Thursday night or…
US dollar exchange rate increased on Thursday
July 13, 2017
US dollar exchange rate increased on Thursday
The US dollar exchange rate witnessed a relative increase on Thursday compared to the Egyptian pound in most of Egypt’s…
LE4 million in subsidies for damaged homes in N. Sinai
July 12, 2017
LE4 million in subsidies for damaged homes in N. Sinai
LE4.4 million in urgent subsides has been disbursed for damages caused to homeowners’ buildings due to the terrorism in North…
PM: Only 24% of governmental bodies have paid energy bills
July 12, 2017
PM: Only 24% of governmental bodies have paid energy bills
Prime Minister Sherif Ismail asserted on Tuesday the importance of cracking down on governmental bodies that refrain from paying their electricity…