Egypt economy

US dollar to Egyptian pound exchange rate remains stable on Tuesday
Business

US dollar to Egyptian pound exchange rate remains stable on Tuesday

US dollar to Egyptian pound exchange rates remained stable on Tuesday at the Central Bank of Egypt, recording LE15.64 for…
Gold prices see unprecedented drop in 8 months
Business

Gold prices see unprecedented drop in 8 months

The Secretary of the Gold Division at the Federation of Egyptian Chambers of Commerce Nady Naguib, said that gold prices…
World Bank expects high growth rates for Egypt’s economy in 2022 2023
Egypt

World Bank expects high growth rates for Egypt’s economy in 2022 2023

The World Bank on Tuesday said it predicts a rise in the growth rate of the Egyptian economy during 2022…
US Dollar to Egyptian pound exchange rates for Wednesday
Business

US Dollar to Egyptian pound exchange rates for Wednesday

The US dollar to Egyptian pound exchange rate on Wednesday recorded a low of LE15.64 for purchase and LE15.74 for…
Gold prices rise in Egyptian market, 21-karat now LE764
Business

Gold prices rise in Egyptian market, 21-karat now LE764

Gold prices in Egypt rose by at least nine LE for all kinds on Saturday compared to Friday. Friday saw…
Egyptian Minister, UN official discuss supporting countries impacted by coronavirus
Business

Egyptian Minister, UN official discuss supporting countries impacted by coronavirus

Egyptian Finance Minister Mohamed Maait on Saturday discussed a proposal with UN Under-Secretary-General Vera Songwe to support countries impacted by…
Italy to establish first chain store in Egypt
Business

Italy to establish first chain store in Egypt

A memorandum of understanding between the Egyptian Grg company and the Italian Sopria Holding Group was signed Sunday to open…
Egypt’s gold prices down by LE14 per gram, 21-karat at LE910
Business

Egypt’s gold prices down by LE14 per gram, 21-karat at LE910

Gold prices declined significantly in Egypt and internationally on Saturday. The price of 21-karat gold, the most popular in Egypt,…
Egypt reaches agreement with IMF to receive US$5.2 billion
Economy

Egypt reaches agreement with IMF to receive US$5.2 billion

Egypt has reached a staff-level agreement with the International Monetary Fund (IMF) for a 12 month US$5.2 billion Stand-By Arrangement…
Egypt’s foreign currency reserves are still ‘safe’: CBE
Business

Egypt’s foreign currency reserves are still ‘safe’: CBE

The Deputy Governor of the Central Bank of Egypt (CBE) Ramy Aboul-Naga, announced that the nation’s foreign currency reserves are…
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