Business
US dollar price stabilizes in Egypt Thursday
March 23, 2023
US dollar price stabilizes in Egypt Thursday
The price of the US dollar stabilized against the Egyptian pound, at the beginning of trading, Thursday, March 23, the…
World Bank approves $7 bln partnership framework with Egypt
March 22, 2023
World Bank approves $7 bln partnership framework with Egypt
The World Bank has approved a new partnership framework with Egypt for the fiscal years 2023-2027, through which Egypt will…
Egypt’s gold reserves rise to $7.773 billion in January: CBE
March 22, 2023
Egypt’s gold reserves rise to $7.773 billion in January: CBE
Egypt’s reserves of gold rose, reaching a value of US$7.773 billion in January, from $7.326 billion in December 2022, the…
Kamel al-Wazir: Egypt does not sell its property
March 20, 2023
Kamel al-Wazir: Egypt does not sell its property
The Egyptian Transport Minister Kamel al-Wazir, commented on the signing of the final contract for the operation, management and…
Local meat price exceeds LE300 per kilogram
March 16, 2023
Local meat price exceeds LE300 per kilogram
The price of a kilogram of local meat has now exceeded LE300 in Egypt for the first time in history.…
Video: Sukhna-Dekheila Integrated Logistics Corridor to link Red, Mediterranean seas
March 16, 2023
Video: Sukhna-Dekheila Integrated Logistics Corridor to link Red, Mediterranean seas
The Egyptian Ministry of Transport published a video on the implementation of the the Sukhna-Dekheila Integrated Logistics Corridor for containers…
Silicon Valley crisis will increase Egypt’s gold prices
March 15, 2023
Silicon Valley crisis will increase Egypt’s gold prices
The head of the General Division for Gold and Jewelry at the Federation of Egyptian Chambers of Commerce Hani Milad…
Egyptian government to offer 4 major companies through international investment banks
March 13, 2023
Egyptian government to offer 4 major companies through international investment banks
The spokesman for the Egyptian Cabinet Nader Saad announced consensus among the government members to start the procedures for offering…
Egypt’s core inflation skyrocketed to a record 40.26% in February: CBE
March 11, 2023
Egypt’s core inflation skyrocketed to a record 40.26% in February: CBE
Data from the Central Bank of Egypt (CBE) showed a jump in the core inflation rate reaching 40.26 percent in…
CBE expected to raise interest rates by up to 300 bps in March: Goldman Sachs
March 10, 2023
CBE expected to raise interest rates by up to 300 bps in March: Goldman Sachs
Goldman Sachs expects the Central Bank of Egypt to raise interest rates by up to 300 basis points in its…