Economy
Commodity prices in Egypt to be reduced on Saturday at the latest: PM
October 9, 2023
Commodity prices in Egypt to be reduced on Saturday at the latest: PM
The prices of seven major groups of commodities will be reduced by rates ranging from 15 percent to 25 percent…
Egypt to see significant decrease in prices of 9 basic commodities soon: Official
October 5, 2023
Egypt to see significant decrease in prices of 9 basic commodities soon: Official
The Secretary General of the Federation of Chambers of Commerce, Alaa Ezz, announced a significant decrease in the prices of…
How to open a US dollar account in Egypt’s banks
October 4, 2023
How to open a US dollar account in Egypt’s banks
Opening an account in the US dollar is a service that government and private banks provide to enable their customers…
Currency exchange between Egypt, China and UAE to start in 2024
October 1, 2023
Currency exchange between Egypt, China and UAE to start in 2024
The Central Bank of Egypt will begin activating the exchange agreement between the pound, the Chinese yuan, and the UAE…
Italy cancels $100 mln in debt owed by Egypt
September 25, 2023
Italy cancels $100 mln in debt owed by Egypt
Italy cancelled debts amounting to US$100 million owed by Egypt as part of the debt swap program between the two…
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…