Economy

Indian investments of US$110 million to be injected into Sokhna industrial zone

Indian investments of US$110 million to be injected into Sokhna industrial zone

The Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE) Walid Gamal Eddin, held a meeting with…
CBE raises required reserve ratio from 14% to 18%

CBE raises required reserve ratio from 14% to 18%

The Central Bank of Egypt decided on Saturday to raise the required reserve ratio in banks from 14 percent to…
Why will Egypt mint LE2 coins?

Why will Egypt mint LE2 coins?

The government aims to localize the metal industries with the latest international expertise to transform Egypt into a regional hub…
US dollar price stabilizes in Egypt on Wednesday

US dollar price stabilizes in Egypt on Wednesday

The US dollar exchange rates stabilized in Egyptian banks on Wednesday, September 14, 2022, against the Egyptian pound.   Suez…
Egypt sees US$3.75 billion trade balance deficit during June 2022: CAPMAS

Egypt sees US$3.75 billion trade balance deficit during June 2022: CAPMAS

The Central Agency for Public Mobilization and Statistics announced a decrease in the value of the trade balance deficit to…
After fleeing with US$33 million, Noah brothers isolated from Egyptian Capiter company

After fleeing with US$33 million, Noah brothers isolated from Egyptian Capiter company

The Board of Directors of Capiter Holding Company – the Egyptian company specialized in the field of electronic commerce –…
Net foreign reserves record $33.141 bln at end of August

Net foreign reserves record $33.141 bln at end of August

The net foreign reserves recorded US$33.141 billion at the end of August 2022, the Central Bank of Egypt announced. The…
Qatar reportedly buying a stake in Egypt’s largest telecom company

Qatar reportedly buying a stake in Egypt’s largest telecom company

A Bloomberg report revealed that the Qatar Investment Authority is negotiating with the government-owned Telecom Egypt to buy a stake…
Recent finance minister’s decisions to temporarily return goods to market

Recent finance minister’s decisions to temporarily return goods to market

The Egyptian market is thirsty for many products, but the recent measures give an indication and hope that many goods…
Foreign currencies exchange rate against Egyptian pound on Wednesday

Foreign currencies exchange rate against Egyptian pound on Wednesday

Wednesday’s exchange rates for foreign currencies at the Central Bank of Egypt (CBE) are as follows: The US dollar is…
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