Economy
EBRD to support women in sustainable energy field
March 5, 2019
EBRD to support women in sustainable energy field
The European Bank for Reconstruction and Development (EBRD) launched on Monday a program for enhancing women’s job opportunities and entrepreneurship…
Central Bank of Egypt bans circulation of banknotes with phrases
March 4, 2019
Central Bank of Egypt bans circulation of banknotes with phrases
The Central Bank of Egypt (CBE) announced on Monday it would ban the circulation of any banknotes bearing textual phrases,…
Egypt stock market among best 2019 performers: Bloomberg
March 4, 2019
Egypt stock market among best 2019 performers: Bloomberg
The Egyptian stock market is among the most profitable markets in the Middle East since the beginning of this year, Bloomberg…
Prime Minister issues regulation of Egypt’s Sovereign Wealth Fund
March 3, 2019
Prime Minister issues regulation of Egypt’s Sovereign Wealth Fund
Prime Minister Mostafa Madbouly on Thursday issued the basic regulation of Egypt’s Sovereign Wealth Fund (SWF), which the government founded…
Electricity prices to increase to cover subsidy shortage: Min.
February 28, 2019
Electricity prices to increase to cover subsidy shortage: Min.
The government has to support the domestic consumption of electricity with subsidies up to LE 46.7 billion; however, the amount…
Egypt launches Wazefa Tech training program
February 20, 2019
Egypt launches Wazefa Tech training program
Egypt’s Minister of Social Solidarity Ghada Wali and Minister of Communications and Information Technology (CIT) Amr Talaat launched on Tuesday…
Iran oil exports rise in early 2019 despite sanctions
February 19, 2019
Iran oil exports rise in early 2019 despite sanctions
LONDON (Reuters) – Iran’s exports of crude oil were higher than expected in January and are at least holding steady…
US dollar exchange rate in Egypt continues to decline
February 17, 2019
US dollar exchange rate in Egypt continues to decline
On Sunday, the US dollar prices saw a drop of 3 piasters compared to the Egyptian pound. In the National…
Central Bank of Egypt reduces deposit, lending rates by 1 percent
February 17, 2019
Central Bank of Egypt reduces deposit, lending rates by 1 percent
The Central Bank of Egypt (CBE) on Thursday unexpectedly reduced the deposit rate, overnight lending rate, and the rate of main…
Egypt aims to be global center for int’l exhibitions: Trade Min.
February 15, 2019
Egypt aims to be global center for int’l exhibitions: Trade Min.
Egyptian Minister of Trade and Industry Amr Nassar said on Friday that his ministry aims to make Egypt a regional…