Economy

US dollar prices decline in Egypt’s banks

US dollar prices decline in Egypt’s banks

The US dollar exchange rate continued to decline on Thursday to stand at LE 19.5 and LE18.75 in the bank. The…
Oil falls on firm dollar, profit-taking ahead of holidays

Oil falls on firm dollar, profit-taking ahead of holidays

Oil prices slipped on Friday in thin Asian trade ahead of the Christmas and New Year holidays, eroding some of…
Pharmaceutical companies threaten closure, workers layoff

Pharmaceutical companies threaten closure, workers layoff

The crisis of the demands from pharmaceutical companies to increase medicine prices hs escalated, after a number of companies threatened…
Pharmacists syndicate demands presidential interference in medicine prices

Pharmacists syndicate demands presidential interference in medicine prices

The Pharmacists Syndicate sent a letter to Egypt's President Abdel Fattah al-Sisi calling on him to ban the increases in…
Exhibitors face huge losses from Le Marche cancelation

Exhibitors face huge losses from Le Marche cancelation

The decision to cancel the furniture and decoration exhibition "Le Marche" just two days before the expected inauguration at the…
World Bank approves second US$1 bln loan tranche to Egypt

World Bank approves second US$1 bln loan tranche to Egypt

The World Bank's board of executive directors approved on Tuesday a second US$1 billion disbursement from a US$3 billion loan…
Egyptian pound approaches 20 to US dollar in banks

Egyptian pound approaches 20 to US dollar in banks

The Egyptian pound depreciated further against the dollar in some banks mid-Tuesday, reaching a selling price of 19.75 compared to…
New initiative aims to promote Egyptian exports

New initiative aims to promote Egyptian exports

CEO of Logic Management Consulting, Mohamed al-Sherif, announced the launch of an initiative dubbed "Egypt Exports" on December 19 to…
Egypt raises purchase price of sugar cane from local farmers

Egypt raises purchase price of sugar cane from local farmers

The Egyptian government has increased the price it pays local farmers for sugar cane by 25 percent, the Ministry of…
IMF’s Christine Lagarde found guilty in French tycoon payout deal

IMF’s Christine Lagarde found guilty in French tycoon payout deal

French judges on Monday reached a decision in the trial of IMF head Lagarde for negligence over a massive state payout…
Back to top button