Economy

Egyptian expatriate remittances expected to reach US$30 billion

Egyptian expatriate remittances expected to reach US$30 billion

Egypt’s economic and social development plan for the fiscal year 2021/22, which was approved by the House of Representatives, predicted…
Egypt says will release plastic money by early November

Egypt says will release plastic money by early November

The Egyptian presidency announced Saturday that new polymer plastic banknotes will be released into circulation by early November. Its statement…
Moody’s keeps Egypt’s credit rating at B2 with Stable Outlook

Moody’s keeps Egypt’s credit rating at B2 with Stable Outlook

Egyptian Finance Minister Mohamed Maait announced Saturday that the Moody’s credit rating institute has kept Egypt’s credit rating in both…
Egypt promotes international investment in energy, medicine and transportation

Egypt promotes international investment in energy, medicine and transportation

Egyptian Finance Minister Mohamed Maait announced Friday that Egypt is looking to increase the volume of foreign investments in the…
Thursday’s US dollar to Egyptian pound exchange rates

Thursday’s US dollar to Egyptian pound exchange rates

The US dollar to Egyptian pound exchange rate on Thursday recorded LE15.63 for purchase and LE15.73 for sale in the…
Egypt third strongest economy in Arab world: Forbes

Egypt third strongest economy in Arab world: Forbes

Forbes magazine published a classification of the strongest Arab economies in 2021, with Saudi Arabia in first place and Egypt…
SCZone signs agreement establishing Mercedes logistic center in Ain Sokhna

SCZone signs agreement establishing Mercedes logistic center in Ain Sokhna

The Suez Canal Economic Zone (SCZone) signed a contract with Mercedes-Benz on Sunday morning to establish a logistics center in…
Friday’s US dollar to Egyptian pound exchange rates

Friday’s US dollar to Egyptian pound exchange rates

The US dollar to Egyptian pound exchange rate on Friday recorded LE15.62 for purchase and LE15.72 for sale in the…
Egypt ranks 4th on Economist’s index tracking return to pre-pandemic life

Egypt ranks 4th on Economist’s index tracking return to pre-pandemic life

Minister of International Cooperation Rania al-Mashat praised Egypt’s ranking on the Economist magazine’s Global Normalcy Index, which tracks the global…
Tuesday’s US dollar to Egyptian pound exchange rates

Tuesday’s US dollar to Egyptian pound exchange rates

The US dollar to Egyptian pound exchange rate on Monday recorded LE15.62 for purchase and LE15.72 for sale in the…
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