Business
Egypt’s annual inflation rises to 32.7% in May
June 11, 2023
Egypt’s annual inflation rises to 32.7% in May
The annual inflation rate in Egypt rose to 32.7 percent in May, from 30.6 percent in April, according to data…
Egypt and UAE cooperate to establish Africa’s largest wind farm
June 7, 2023
Egypt and UAE cooperate to establish Africa’s largest wind farm
Egypt and the UAE are cooperating to secure land for the biggest wind farm in Africa – and one of…
Saudi’s Al-Ameriah Company requests majority stake in Heliopolis Housing Company
June 6, 2023
Saudi’s Al-Ameriah Company requests majority stake in Heliopolis Housing Company
The Saudi Al-Ameriah company, which operates in the field of real estate and tourism investment, submitted an official request to…
Amr Adib addresses speculations on new US dollar saving certificate
June 5, 2023
Amr Adib addresses speculations on new US dollar saving certificate
Journalist and media host Amr Adib addressed viral social media discussion regarding the National Bank of Egypt discussing the issuance…
Will Egypt postpone devaluation of pound until end of June?
June 4, 2023
Will Egypt postpone devaluation of pound until end of June?
Citigroup anticipates that the Central Bank of Egypt may resort to delaying the devaluation of the Egyptian pound against the…
CBE pays $7.154 bln in debts for Egypt
June 2, 2023
CBE pays $7.154 bln in debts for Egypt
The Central Bank of Egypt (CBE), on behalf of the Egyptian government, paid about US$7.154 billion by the end of…
Wintershall Dea discovers new natural gas well in Disouq concession
June 1, 2023
Wintershall Dea discovers new natural gas well in Disouq concession
The German Wintershall Dea company announced a new natural gas discovery within the Disouq concession in the onshore Nile Delta…
What will happen to Egypt’s debt if US dollar hits LE38?
May 30, 2023
What will happen to Egypt’s debt if US dollar hits LE38?
The Standard Chartered Bank said that nearly a third of Egypt’s debt is denominated in foreign currencies, and any additional…
Egypt’s annual average wheat imports in 5 years total US$ 2.7 billion
May 29, 2023
Egypt’s annual average wheat imports in 5 years total US$ 2.7 billion
A report for the preliminary version of the economic and social development plan for the fiscal year 2023/2024, issued by…
Egypt sells treasury bills worth LE46 billion, at interest rate of 23.8%
May 29, 2023
Egypt sells treasury bills worth LE46 billion, at interest rate of 23.8%
Egypt’s Finance Ministry accepted about 453 bids to sell treasury bills put forward by the Central Bank of Egypt in…