Economy
Egypt postpones decision to stop export of onions, leading to market confusion
September 24, 2023
Egypt postpones decision to stop export of onions, leading to market confusion
The Ministry of Trade and Industry announced it had postponed the implementation of a decision to stop the export of…
Interest rates remain unchanged during Central Bank of Egypt’s latest meeting
September 22, 2023
Interest rates remain unchanged during Central Bank of Egypt’s latest meeting
The Monetary Policy Committee of the Central Bank of Egypt kept interest rates unchanged during its latest meeting on Thursday.…
Total natural gas production of Agiba, Pharaonic Petroleum surpasses 205 million cubic feet per day: Petroleum ministry
September 17, 2023
Total natural gas production of Agiba, Pharaonic Petroleum surpasses 205 million cubic feet per day: Petroleum ministry
The total natural gas production of Agiba Petroleum Company and Pharaonic Petroleum Company (PHPC) reached 205 million cubic feet per…
The 5 best times to invest in gold
September 14, 2023
The 5 best times to invest in gold
When it comes to investing in precious metals, buying gold has long been considered a safe-haven asset. For centuries, it…
CBE to decide on interest rate on September 21
September 12, 2023
CBE to decide on interest rate on September 21
The Monetary Policy Committee of the Central Bank of Egypt is scheduled to hold its sixth meeting for 2023 on…
Egypt’s annual inflation rate rises to 39.7%
September 11, 2023
Egypt’s annual inflation rate rises to 39.7%
The Central Agency for Public Mobilization and Statistics (CAPMAS) in Egypt announced that the annual inflation rate rose to 39.7…
Politician proposes selling state-owned sports clubs to pay off Egypt’s debts
September 8, 2023
Politician proposes selling state-owned sports clubs to pay off Egypt’s debts
The representative of the Free Egyptians Party at the National Dialogue, Mohamed Khalil Badra, proposed selling state-owned assets such as…
Egypt’s currency expected to be devalued after presidential elections
September 6, 2023
Egypt’s currency expected to be devalued after presidential elections
Former Assistant Finance Minister Sherine al-Shawarby on Tuesday announced that a new devaluation for the Egyptian pound is expected after…
Eni plans to inject US$7.7 billion towards new investments in Egypt
September 4, 2023
Eni plans to inject US$7.7 billion towards new investments in Egypt
Italian company Eni plans to inject upwards of US$7.7 billion into new investments in Egypt during the next four years,…
British Petroleum plans to invest $3.5 bln in Egypt’s oil and gas sector
August 29, 2023
British Petroleum plans to invest $3.5 bln in Egypt’s oil and gas sector
British Petroleum (BP) announced that it plans to invest about US$3.5 billion into the Egyptian oil and gas sector over…