Business
World Bank, Alibaba fund invest in Hong Kong-based fintech startup
July 11, 2017
World Bank, Alibaba fund invest in Hong Kong-based fintech startup
Hong Kong-based startup CompareAsiaGroup has secured $50 million in funding from investors led by the World Bank’s commercial lending arm,…
US dollar prices for Monday
July 10, 2017
US dollar prices for Monday
The US dollar currency price has been relatively stable against the Egyptian pound, with slight differences from one bank to another…
“NBE” and “Bank Misr”: New certificates at high interest rates just rumors
July 10, 2017
“NBE” and “Bank Misr”: New certificates at high interest rates just rumors
Yahiya Abu Al Fottoh, Deputy Head of National Bank of Egypt (NBE), denied the issuance of certificates at high annual…
Inflation rate rose to 29.8 percent in June: CAPMAS
July 10, 2017
Inflation rate rose to 29.8 percent in June: CAPMAS
The annual urban inflation rose to 29.8 percent in June from 29.7 percent in May, the Central Agency for Public…
Health Ministry tackles establishing medicine factories through Egyptian-Lebanese partnership
July 9, 2017
Health Ministry tackles establishing medicine factories through Egyptian-Lebanese partnership
Health Ministry will sign a new agreement with the Lebanese Health Ministry over establishing medicine factories in a partnership between…
Egypt contacts Saudi Arabia to ease ban on strawberry exports
July 9, 2017
Egypt contacts Saudi Arabia to ease ban on strawberry exports
The Minister of Agriculture and Land Reclamation, Abdul Moneim al-Banna, said Sunday that discussions are underway with Saudi Arabia on…
CAPMAS: 12.3 % increase in Egyptian exports to US
July 9, 2017
CAPMAS: 12.3 % increase in Egyptian exports to US
Central Agency for Public Mobilization and Statistics (CAPMAS) has announced the increase in value of Egyptian exports to the US…
US dollar rates continue to decline
July 6, 2017
US dollar rates continue to decline
The price of the US dollar in Egyptian banks has continued to decline against the Egyptian pound for the fourth…
US dollar exchange rate’s decline continues for third consecutive day
July 5, 2017
US dollar exchange rate’s decline continues for third consecutive day
The US dollar exchange rate witnessed decline against the Egyptian pound for the third day in row. According to the…
Egypt’s foreign reserves rose by $180 million in June: CBE
July 5, 2017
Egypt’s foreign reserves rose by $180 million in June: CBE
The Central Bank of Egypt (CBE) announced that the country’s foreign reserves rose by $180 million in June, an increase…