Economy

Bloomberg: PIF prepares to acquire a bank in Egypt

Bloomberg: PIF prepares to acquire a bank in Egypt

The Saudi Public Investment Fund is in advanced talks for the acquisition of The United Bank, which is owned by…
Finance Ministry refutes rumors on US dollar rate reaching LE40

Finance Ministry refutes rumors on US dollar rate reaching LE40

During a phone-in with Sada al-Balad channel on Thursday, Maait touched on rumors on social media regarding the rise in…
US dollar price rises in Egypt on Thursday’s mid-trading

US dollar price rises in Egypt on Thursday’s mid-trading

On Thursday December 8, the price of the US dollar rose against the Egyptian pound. This is the case in…
MP calls on govt to clarify plans about floating the Egyptian pound

MP calls on govt to clarify plans about floating the Egyptian pound

Member of the Egyptian Parliament, Amira Abu Shaqqa, called on the Ministry of Industry and Trade to draw up a…
New flotation of Egyptian pound not possible: MP

New flotation of Egyptian pound not possible: MP

The Egyptian pound has already been floated, a measure that will continue for four years, said the Chairman of the…
Gold prices to continue rising during coming period: official

Gold prices to continue rising during coming period: official

The head of the General Division for Gold and Jewelry at the Federation of Egyptian Chambers of Commerce Hani Milad…
CBE to receive billion dollars from RSF in January

CBE to receive billion dollars from RSF in January

Informed sources said that the loan decided by the Resilience and Sustainability Facility (RSF), of the International Monetary Fund recently…
Saudi Arabia extends term of US$ 5 billion deposit for CBE

Saudi Arabia extends term of US$ 5 billion deposit for CBE

Saudi Arabia extended the term of a US$ 5 billion deposit with the Central Bank of Egypt, the Saudi Press…
Egypt says to receive US$1 billion from IMF loan soon

Egypt says to receive US$1 billion from IMF loan soon

Egyptian Finance Minister Mohamed Maait said that the loan agreed upon with the International Monetary Fund (IMF) amounting to about…
bp has been awarded new exploration blocks in Egypt’s Offshore Nile Delta

bp has been awarded new exploration blocks in Egypt’s Offshore Nile Delta

British Petroleum (bp) announced on Monday that it has been awarded two exploration blocks in the Mediterranean Sea, offshore Egypt…
Back to top button