Business
Egypt’s Cabinet approves decision exempting gold imports from customs
May 11, 2023
Egypt’s Cabinet approves decision exempting gold imports from customs
The Egyptian Cabinet officially approved during its meeting on Wednesday the Prime Minister’s draft resolution to exempt gold imports in…
Naguib Sawiris defends brother’s move to suspend investment in Egypt
May 10, 2023
Naguib Sawiris defends brother’s move to suspend investment in Egypt
Egyptian billionaire Naguib Sawiris defended his brother Samih Sawiris following outrage after Samih announced he would suspend his investment in…
Gold prices stabilize in Egypt Wednesday
May 10, 2023
Gold prices stabilize in Egypt Wednesday
Gold prices stabilized, Wednesday at the beginning of trading at the local and global markets. The US inflation data is…
International credit rating institutions put pressure on Egypt: Expert
May 10, 2023
International credit rating institutions put pressure on Egypt: Expert
Fitch Ratings on Friday lowered Egypt’s rating by one notch from “B+” to “B”, while converting its outlook to “negative”,…
US dollar price stabilizes in Egypt Tuesday
May 9, 2023
US dollar price stabilizes in Egypt Tuesday
The price of the US dollar on Tuesday in Egypt stabilized at the beginning of trading settling in the Central…
Sovereign Fund of Egypt, El-Ezaby Pharmacy launch pharmaceutical trading company
May 8, 2023
Sovereign Fund of Egypt, El-Ezaby Pharmacy launch pharmaceutical trading company
The Sovereign Fund of Egypt (TSFE), through its subsidiary fund for health services and pharmaceutical industries, and B Investments firm,…
Finance Ministry responds to Fitch rating of Egypt’s economy
May 7, 2023
Finance Ministry responds to Fitch rating of Egypt’s economy
Egyptian Finance Minister Mohamed Maait responded to Fitch’s decision to downgrade Egypt’s credit rating in both local and foreign currencies…
Egypt fixes fuel prices on Wednesday
May 4, 2023
Egypt fixes fuel prices on Wednesday
The Egyptian Petroleum Products Automatic Pricing Committee during its Wednesday meeting recommended it fix the different prices of fuel in…
Samih Sawiris eyes tourism investment in Saudi Arabia
May 3, 2023
Samih Sawiris eyes tourism investment in Saudi Arabia
Egyptian billionaire Samih Sawiris, founder of Orascom Development Egypt, has started negotiations with Saudi parties to invest in the Saudi…
Molla: We expand spot contracts to export LNG
May 2, 2023
Molla: We expand spot contracts to export LNG
Minister of Petroleum and Mineral Resources Tarek al-Molla said the exportation of LNG on a spot basis is helping Egypt…