Economy
China proposes to build a major textile manufacturing city in Egypt worth $300 mln
April 25, 2024
China proposes to build a major textile manufacturing city in Egypt worth $300 mln
A Chinese alliance has expressed interest in establishing an integrated textile city in Egypt covering all stages of the industry,…
Banking services in Egypt to be suspended for three hours due to daylight savings time
April 25, 2024
Banking services in Egypt to be suspended for three hours due to daylight savings time
Banks in Egypt began sending messages to their customers regarding online banking and money transfers starting on Thursday, which marks…
Egypt participates in launching financing platform between 10 international banks
April 22, 2024
Egypt participates in launching financing platform between 10 international banks
Minister of International Cooperation and Governor of Egypt at the World Bank Group, Rania al-Mashat, participated in the launch of…
Dollar Exchange Rate Stable at Beginning of Sunday’s Transactions
April 22, 2024
Dollar Exchange Rate Stable at Beginning of Sunday’s Transactions
The dollar exchange rate was stable at the start of Sunday’s transactions at Egypt’s major banks. At the National Bank…
IMF director: We are committed to supporting Egypt
April 21, 2024
IMF director: We are committed to supporting Egypt
Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said the fund remains committed to supporting Egypt in going…
Egypt seeks US$145 billion in exports in 2030
April 21, 2024
Egypt seeks US$145 billion in exports in 2030
Cabinet spokesperson Mohamed al-Hommsani on Saturday explained the details behind Prime Minister Mostafa Madbouly’s visit to the Port Said and…
Egypt signs 14 cooperation agreements with China
April 20, 2024
Egypt signs 14 cooperation agreements with China
The General Authority for Suez Canal Economic Zone (SCZone) has signed 14 agreements with industrial developers from China. The head…
Significant rise in US dollar price exchange rate
April 19, 2024
Significant rise in US dollar price exchange rate
Dollar price rises against the Egyptian pound by up to 85 piasters after Eid al-Fitr holiday The dollar price rose…
Egypt among three Arab countries on the list of largest economies in Africa in 2024: IMF
April 18, 2024
Egypt among three Arab countries on the list of largest economies in Africa in 2024: IMF
Three Arab countries – Egypt, Algeria, and Morocco – are among the top ten largest economies in Africa in 2024,…
CBE raises daily withdrawals to LE30K from ATM machines
April 16, 2024
CBE raises daily withdrawals to LE30K from ATM machines
The Central Bank of Egypt (CBE) on Monday moved to increase the daily maximum limit for cash withdrawals from ATMs…