Egypt economy
US Dollar to Egyptian pound exchange rates for Wednesday
Business
March 17, 2021
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
March 13, 2021
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
September 19, 2020
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
September 13, 2020
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
August 8, 2020
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
June 6, 2020
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
May 10, 2020
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…
Egypt expects decrease in budget surplus, increase in total deficit
Economy
May 5, 2020
Egypt expects decrease in budget surplus, increase in total deficit
Egyptian Finance Minister Mohamed Maait on Tuesday reviewed the expected effects of the coronavirus crisis on the state’s draft budget…
Egypt provided LE 3.8 bn to health sector during March to fight coronavirus
Business
March 25, 2020
Egypt provided LE 3.8 bn to health sector during March to fight coronavirus
The Egyptian Finance Ministry said on Wednesday that it has provided, since the beginning of March, funds totaling LE 3.8…
CBE to cancel LE10 bn worth of debt owed by 940,000 customers
Business
March 19, 2020
CBE to cancel LE10 bn worth of debt owed by 940,000 customers
The Central Bank of Egypt will cancel around LE 10 billion in debt owed to banks by 940,000 customers, as…