Economy
Military Production Minister signs MoU with Korean company to produce medical devices
February 12, 2018
Military Production Minister signs MoU with Korean company to produce medical devices
The National Military Production Authority signed a memorandum of understanding with the Maadi Engineering Industries Company and Medtech Korean company…
Fawry e-payments up to LE25 billion in 2017
February 12, 2018
Fawry e-payments up to LE25 billion in 2017
The Electronic Payment Network Fawry stated that electronic bill payments made through the service increased from LE9 billion in 2015…
Remittances from Egyptians abroad increase 19.2% in 2017
February 12, 2018
Remittances from Egyptians abroad increase 19.2% in 2017
Remittances of Egyptians working abroad since the flotation of the pound currency in November 2016 until the end of December…
Egypt receives largest UK trade delegation in two decades
February 11, 2018
Egypt receives largest UK trade delegation in two decades
UK trade envoy to Egypt Jeffrey Donaldson arrived in Cairo on Saturday for a five-day visit, heading the largest British trade…
Egypt negotiates with Saudi Arabia, Kuwait to extend deposit maturity
February 10, 2018
Egypt negotiates with Saudi Arabia, Kuwait to extend deposit maturity
Egypt is negotiating with Saudi Arabia and Kuwait to extend the maturity of deposits for a new term, high-level government sources…
Global stocks tumble as Wall Street braces for more losses
February 6, 2018
Global stocks tumble as Wall Street braces for more losses
Stock markets around the world took a battering Tuesday, following a dramatic sell-off on Wall Street that triggered concerns that…
Over LE100 bn in cash flows since flotation of the pound: CBE governor
February 6, 2018
Over LE100 bn in cash flows since flotation of the pound: CBE governor
The volume of cash flows into the Egyptian economy since the flotation of the pound in November 2016 has exceeded…
US dollar prices decline on Tuesday
February 6, 2018
US dollar prices decline on Tuesday
The US dollar exchange rate witnessed a decline in bank dealings on Tuesday, with the average dollar price landing at…
European markets plunge at opening bell as stock market dip deepens
February 6, 2018
European markets plunge at opening bell as stock market dip deepens
Global markets continue to wobble precariously. European markets took a big hit as Tuesday’s trading began, following major losses across…
Egypt govt prepares for second phase of reform program to boost ailing economy
February 6, 2018
Egypt govt prepares for second phase of reform program to boost ailing economy
Egypt Prime Minister Sherif Ismail said on Monday that he met the Governor of the Central Bank of Egypt Tariq…