Business
First oil rig manufactured in Egypt now at Egyptian-Chinese Drilling Company
July 12, 2023
First oil rig manufactured in Egypt now at Egyptian-Chinese Drilling Company
Minister of Petroleum Tarek al-Molla witnessed the delivery of the first oil rig manufactured at the Egyptian-Chinese Drilling Company in…
US dollar price rises Wednesday in Egyptian banks
July 12, 2023
US dollar price rises Wednesday in Egyptian banks
The US dollar price rose in Egypt at some banks on Wednesday while the exchange rates of Arab currencies stabilized.…
Egypt’s government is not doing enough to curb inflation: Expert
July 11, 2023
Egypt’s government is not doing enough to curb inflation: Expert
Economic expert Mostafa Badra said on Monday that the Egyptian government is not doing enough to confront high inflation at…
Will Egypt raise key interest rates?
July 11, 2023
Will Egypt raise key interest rates?
Economic experts anticipate the Central Bank of Egypt to fix interest rates during its next meeting, despite the US Federal…
Egypt’s e-Commerce volume rises to $30 bln: Senior Banker
July 10, 2023
Egypt’s e-Commerce volume rises to $30 bln: Senior Banker
The volume of e-commerce in Egypt has increased to US$30 billion, said the CEO and Managing Director of United Bank,…
Tourism revenues in Egypt to rise to $14.4 bln: Fitch Solutions
July 10, 2023
Tourism revenues in Egypt to rise to $14.4 bln: Fitch Solutions
The Fitch Solutions agency issued a report expecting tourism revenues in Egypt to rise to US$14.4 billion in 2023, compared…
Inflation in Egypt rises to its highest rate ever
July 10, 2023
Inflation in Egypt rises to its highest rate ever
The annual consumer price inflation in Egyptian cities rose from 32.7 percent in May to 35.7 percent in June, its…
Egypt, UN cooperate in green and smart projects initiative
July 9, 2023
Egypt, UN cooperate in green and smart projects initiative
The coordinator of the National Initiative for Green and Smart Projects in Egypt Hesham Badr met with the UN Women’s…
Foreign exchange reserves increase to US$34.806 billion: Central Bank of Egypt
July 8, 2023
Foreign exchange reserves increase to US$34.806 billion: Central Bank of Egypt
The balance of foreign exchange reserves increased to US$ 34.806 billion by the end of June, compared to US$ 34.660…
US dollar price stable in Egypt on Friday
July 7, 2023
US dollar price stable in Egypt on Friday
The price of the US dollar in Egypt stabilized on Friday against the Egyptian pound coinciding with the weekend. …