Economy

South Korea president visits Egypt on Wednesday to discuss business opportunities

South Korea president visits Egypt on Wednesday to discuss business opportunities

South Korean President Moon Jae-in will arrive in Cairo on Wednesday to hold talks with Egypt on renewable industries such…
Italy’s Eni announces 5 exploration licenses in Egypt’s Eastern Mediterranean

Italy’s Eni announces 5 exploration licenses in Egypt’s Eastern Mediterranean

The Italian company Eni announced that on Monday that it won five new exploration licenses obtained from the Egyptian Ministry…
Egypt PM: The draft budget of 2022-2023 raises the standard of living for 60% of Egyptians

Egypt PM: The draft budget of 2022-2023 raises the standard of living for 60% of Egyptians

Egyptian Prime Minister Mostafa Madbouly held a meeting on Sunday to review the main features of the state’s draft general…
Exchange rate of foreign currencies at CBE

Exchange rate of foreign currencies at CBE

The exchange rates of foreign and Arab currencies against the Egyptian pound, during the latest update of the official website…
Suez Canal achieves the highest annual revenue ever with US$ 6.3 billion during 2021

Suez Canal achieves the highest annual revenue ever with US$ 6.3 billion during 2021

The Head of the Suez Canal Authority Osama Rabie announced Sunday that the navigation statistics in the canal for 2021…
Saudi Arabia signs agreements to finance small and medium enterprises in Egypt worth LE 300 million

Saudi Arabia signs agreements to finance small and medium enterprises in Egypt worth LE 300 million

At the conclusion of its three-day meeting in Cairo at the headquarters of the Ministry of International Cooperation, the Saudi…
Lebanese Minister: Egyptian gas will raise electricity supply from 8 to 12 hours

Lebanese Minister: Egyptian gas will raise electricity supply from 8 to 12 hours

Lebanese Energy Minister Walid Fayyad said, on Tuesday, that the agreement to import gas from Egypt will add 450 megawatts…
US Dollar maintains stable exchange rate on Tuesday in Egypt

US Dollar maintains stable exchange rate on Tuesday in Egypt

The US dollar exchange rate witnessed remarkable stability on Tuesday against the Egyptian pound, in the Banque Misr and the…
Port Rashid, the 1st integrated fishing port in Egypt at a cost of LE 600 million 

Port Rashid, the 1st integrated fishing port in Egypt at a cost of LE 600 million 

The fishing port in Rashid city is one of the largest national projects established in the Beheira Governorate. It is…
Famous American company invests US$ 3.5 billion in an Egyptian vital sector

Famous American company invests US$ 3.5 billion in an Egyptian vital sector

Egypt signed an agreement with the American Apache Corporation in which the company will invest in the energy sector, which…
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