Economy
Egyptian-Israeli talks on Mediterranean gas and its export
February 13, 2023
Egyptian-Israeli talks on Mediterranean gas and its export
Egyptian Minister of Petroleum and Mineral Resources Tarek al-Mulla received on Sunday in Cairo, the Israeli Energy Minister Israel Katz.…
US dollar price stabilizes in Egypt on Friday
February 10, 2023
US dollar price stabilizes in Egypt on Friday
The price of the US dollar stabilized Friday, November 10, after a slight increase on Thursday. The price of the…
Egypt needs $100 bln over 7 years to bridge import gap: Sisi
February 9, 2023
Egypt needs $100 bln over 7 years to bridge import gap: Sisi
“We need US$100 billion over seven years to bridge the import gap, which amounts to about $30 billion annually,” President…
Annual consumer price inflation in cities rises to highest rate in 5 years
February 9, 2023
Annual consumer price inflation in cities rises to highest rate in 5 years
The Central Agency for Public Mobilization and Statistics (CAPMAS) in Egypt announced, Thursday, that annual consumer price inflation in cities…
Egypt ranks 3rd globally in gold reserves
February 9, 2023
Egypt ranks 3rd globally in gold reserves
Egypt is ranked 3rd globally in gold reserves, Nagy Farag, Advisor to the Minister of Supply for Gold Industry Affairs,…
CBE: US$ 4.1 billion in tourism revenues during the first quarter
February 6, 2023
CBE: US$ 4.1 billion in tourism revenues during the first quarter
The Central Bank of Egypt revealed, in the Balance of Payments report, that tourism revenues rose by 43.5 percent to…
Egypt produces its first gold ingot
February 4, 2023
Egypt produces its first gold ingot
The Adviser to the Minister of Supply and Internal Trade for Gold Industry Affairs Nagy Farag announced that Egypt has…
Egypt announces details of IPOs program in 2 weeks
January 29, 2023
Egypt announces details of IPOs program in 2 weeks
Egypt’s government is set to announce within two weeks the details of the initial public offerings (IPOs) program of the…
Egypt banks stop issuance of CDs by the end of January
January 25, 2023
Egypt banks stop issuance of CDs by the end of January
The search rates of citizens who wish to purchase the new Certificates of Deposit (CDs) with a return of 25…
ITFC to provide US$1.5 billion to Egypt during 2023
January 23, 2023
ITFC to provide US$1.5 billion to Egypt during 2023
Minister of Planning and Economic Development, and Governor of Egypt at the Islamic Development Bank Group, Hala al-Saeed announced that…