Business
“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…
Number of tourists in May up by 32.9 percent: CAPMAS
July 4, 2017
Number of tourists in May up by 32.9 percent: CAPMAS
The number of tourists that visited Egypt in May increased by 32.9 percent compared to last year, the Central Agency for Public…
Amazon completes acquisition of e-commerce firm Souq.com
July 4, 2017
Amazon completes acquisition of e-commerce firm Souq.com
The Dubai-based online retailer Souq.com announced on Monday that its sale to e-commerce giant Amazon has been completed. The $650…