Economy
Opening of Moroccan, Canadian markets for Egyptian products: Agriculture Minister
April 12, 2024
Opening of Moroccan, Canadian markets for Egyptian products: Agriculture Minister
Minister of Agriculture and Land Reclamation, Elsayed Al-Qasir, announced the opening of Morocco’s markets to Egyptian potatoes and the Canadian…
Standard Bank aims to expand in the Middle East through an office in Egypt
April 11, 2024
Standard Bank aims to expand in the Middle East through an office in Egypt
Standard Bank Group, Africa’s largest bank by assets, plans to open a new office aiming to capitalize on rising trade between…
IMF official says Ras al-Hikma deal recognizes the potential of Egypt’s economy to generate additional tourism revenues
April 10, 2024
IMF official says Ras al-Hikma deal recognizes the potential of Egypt’s economy to generate additional tourism revenues
International Monetary Fund (IMF) Mission Chief for Egypt Ivanna Vladkova Hollar said that the Ras al-Hikma deal, which is worth…
Egypt’s balance of payments turns into deficit of US$410 million: CBE data
April 9, 2024
Egypt’s balance of payments turns into deficit of US$410 million: CBE data
The decline in remittances from Egyptians abroad and the decline in petroleum exports has led to the Egyptian balance of…
After a 12-year hiatus, Misrayon & Polyester Fiber Company resumes exports
April 9, 2024
After a 12-year hiatus, Misrayon & Polyester Fiber Company resumes exports
The Misrayon & Polyester Fiber Company in Kafr al-Dawar city managed to export the first shipment of its production for…
Gold prices in Egypt rise locally on Thursday
April 4, 2024
Gold prices in Egypt rise locally on Thursday
The price of 21-karat gold reached LE 3,110 in jewelry stores across Egypt. The global price of gold has been…
IMF Official Lauds Serious Reforms To Enhance Financial Stability In Egypt
April 4, 2024
IMF Official Lauds Serious Reforms To Enhance Financial Stability In Egypt
Alex Segura-Ubiergo, the IMF’s Resident Representative in Egypt, lauded serious reforms introduced by the Egyptian government to enhance financial stability…
Egyptian concessions on foreign currencies now at LE8 billion
March 31, 2024
Egyptian concessions on foreign currencies now at LE8 billion
Three exchange companies affiliated with Egypt’s largest government banks – the National Bank of Egypt (Al-Ahly Exchange), Banque Misr (Misr…
IMF Executive Board approves expanded US$8 billion loan to Egypt
March 30, 2024
IMF Executive Board approves expanded US$8 billion loan to Egypt
The Executive Board of the International Monetary Fund (IMF) on Friday completed the first and second reviews of the extended…
National Bank of Egypt intends to invest five billion LE this year
March 27, 2024
National Bank of Egypt intends to invest five billion LE this year
The National Bank of Egypt, the largest government bank in Egypt, intends to invest up to five billion LE during…