Business
How will Egypt benefit from the currency swap agreement with UAE?
September 29, 2023
How will Egypt benefit from the currency swap agreement with UAE?
Economists have touched on the various advantages the Egyptian economy may receive from the currency swap agreement signed on Thursday…
Egyptian businessmen, Japanese officials discuss cooperation
September 27, 2023
Egyptian businessmen, Japanese officials discuss cooperation
The Tourism Committee of the Egyptian Businessmen Association held a public symposium with the Japanese ambassador to Cairo, Oka Hiroshi,…
Italy installs six grain storage silos after cancelling $100 mln in debt owed by Egypt
September 26, 2023
Italy installs six grain storage silos after cancelling $100 mln in debt owed by Egypt
The Italian Ambassador to Cairo, Michele Quaroni, announced on Sunday that Italy has cancelled US$100 million of debts owed by…
US dollar price stabilizes on Monday
September 25, 2023
US dollar price stabilizes on Monday
The price of the US dollar continued to stabilize against the Egyptian pound, on Monday at the Central Bank of…
Italy cancels $100 mln in debt owed by Egypt
September 25, 2023
Italy cancels $100 mln in debt owed by Egypt
Italy cancelled debts amounting to US$100 million owed by Egypt as part of the debt swap program between the two…
Egypt postpones decision to stop export of onions, leading to market confusion
September 24, 2023
Egypt postpones decision to stop export of onions, leading to market confusion
The Ministry of Trade and Industry announced it had postponed the implementation of a decision to stop the export of…
Interest rates remain unchanged during Central Bank of Egypt’s latest meeting
September 22, 2023
Interest rates remain unchanged during Central Bank of Egypt’s latest meeting
The Monetary Policy Committee of the Central Bank of Egypt kept interest rates unchanged during its latest meeting on Thursday.…
NBE and Banque Misr now offering savings certificate with a return of 19.5%
September 22, 2023
NBE and Banque Misr now offering savings certificate with a return of 19.5%
Banque Misr and the National Bank of Egypt have raised the interest rate on a new triple savings certificate from…
Egypt signs contract to establish tire factory at investments of one billion euros
September 20, 2023
Egypt signs contract to establish tire factory at investments of one billion euros
Prime Minister Mostafa Madbouly on Wednesday attended the signing ceremony for a contract to establish a tire manufacturing factory at…
‘Biden Corridor’ will only take 0.1% of Suez Canal’s trade: SCA chairman
September 19, 2023
‘Biden Corridor’ will only take 0.1% of Suez Canal’s trade: SCA chairman
The “Biden Corridor” will only take away a tiny piece of the Suez Canal’s transit flow, no more than 0.1…