Economy

Egypt pays off $1 bln debt to Turkey, pays Libya $250 mln

Egypt pays off $1 bln debt to Turkey, pays Libya $250 mln

Egypt has paid off the final installment, worth $200 million, of a $1 billion loan it took out from Turkey…
Unified industry practices key to Islamic finance growth: AAOIFI

Unified industry practices key to Islamic finance growth: AAOIFI

A global body for Islamic finance will prioritize wider adoption of its standards by engaging national regulators in key markets,…
Marsa Alam airport receives first YanAir flight from Ukraine

Marsa Alam airport receives first YanAir flight from Ukraine

Correction: Name of the airliner was changed to YanAir, from RyanAir. Marsa Alam airport received the first YanAir flight out of…
CBE governor meets with bank heads

CBE governor meets with bank heads

Governor of the Central Bank of Egypt (CBE), Tarek Amer, met held a meeting with bank heads, along with his…
US dollar maintains prices against Egyptian pound Sunday

US dollar maintains prices against Egyptian pound Sunday

The US dollar to Egyptian pound exchange rate maintained its prices within the banking sector on Sunday. According to latest…
US dollar maintains its prices on Wednesday

US dollar maintains its prices on Wednesday

The US dollar exchange rate against the Egyptian pound relatively maintained its prices in Egyptian banks on Wednesday. According to…
Tax revenues reach LE60 billion this year, Finance Ministry

Tax revenues reach LE60 billion this year, Finance Ministry

Deputy Minister of Finance for taxation policies Amr al-Munir said tax revenues witnessed an increase after the implementation of the…
Saudi Arabia opens major conference with eye on investment

Saudi Arabia opens major conference with eye on investment

Saudi Arabia on Tuesday opened a major investment conference aimed at shining a spotlight on the country’s efforts to overhaul…
US dollar exchange rate stable during Sunday trading

US dollar exchange rate stable during Sunday trading

The US dollar exchange rate was stable against the Egyptian pound at the beginning of Sunday morning trading within Egypt…
3 Persian Gulf states lift ban on Egypt agricultural crops, minister

3 Persian Gulf states lift ban on Egypt agricultural crops, minister

Minister of Agriculture and Land Reclamation, Abdel Moneim al-Banna, said on Sunday that Bahrain, Kuwait, and the UAE have agreed…
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