Business
Vodacom acquires 55% stake of Vodafone Egypt
December 9, 2022
Vodacom acquires 55% stake of Vodafone Egypt
The telecommunications company Vodacom Group, South Africa, completed the purchase of 132 million shares of Vodafone Egypt. This happened on…
US dollar price rises in Egypt on Thursday’s mid-trading
December 8, 2022
US dollar price rises in Egypt on Thursday’s mid-trading
On Thursday December 8, the price of the US dollar rose against the Egyptian pound. This is the case in…
MP calls on govt to clarify plans about floating the Egyptian pound
December 8, 2022
MP calls on govt to clarify plans about floating the Egyptian pound
Member of the Egyptian Parliament, Amira Abu Shaqqa, called on the Ministry of Industry and Trade to draw up a…
Cabinet approves draft resolution to establish the New Development Bank
December 7, 2022
Cabinet approves draft resolution to establish the New Development Bank
The cabinet approved, during Wednesday’s meeting chaired by Prime Minister Mostafa Madbouly, a draft decision of from the president approving…
MP requests briefing from PM on economic situation in Egypt
December 7, 2022
MP requests briefing from PM on economic situation in Egypt
Member of the House of Representatives and Vice President of the Egyptian Social Democratic Party, Freddy al-Bayady, submitted a request…
New flotation of Egyptian pound not possible: MP
December 7, 2022
New flotation of Egyptian pound not possible: MP
The Egyptian pound has already been floated, a measure that will continue for four years, said the Chairman of the…
US dollar price rises in Egypt Tuesday
December 6, 2022
US dollar price rises in Egypt Tuesday
The price of the US dollar rose at the beginning of trading on Tuesday by about a piaster, in most…
Gold price in Egypt continues to rise Tuesday, reaches highest level yet
December 6, 2022
Gold price in Egypt continues to rise Tuesday, reaches highest level yet
On Tuesday morning gold prices in Egypt reached its highest historical level, rising to LE1,630 per gram for 21-karat gold.…
Egypt sees a return of the 18% interest rates on longterm Bank deposits
December 6, 2022
Egypt sees a return of the 18% interest rates on longterm Bank deposits
Many curious citizens have wondered about banks and the services they provide to customers: most importantly is the deposit savings…
Gold prices to continue rising during coming period: official
December 6, 2022
Gold prices to continue rising during coming period: official
The head of the General Division for Gold and Jewelry at the Federation of Egyptian Chambers of Commerce Hani Milad…