Economy

Arab investments flood Egypt, offering economic lifeline

Arab investments flood Egypt, offering economic lifeline

The Central Bank of Egypt (CBE) revealed that Egypt had attracted a net inflow of Arab investments totaling $18.55 billion…
US dollar exchange prices at Egypt banks

US dollar exchange prices at Egypt banks

The US dollar exchange rate against the Egyptian pound reached stable rates on Sunday, at the beginning of trading on…
US dollar and other currencies weaken against the Egyptian pound on Thursday

US dollar and other currencies weaken against the Egyptian pound on Thursday

The Egyptian pound has gained significant strength against major currencies on Thursday. In mid-day trading at the National Bank of…
Gold up 6.4% since the beginning of September

Gold up 6.4% since the beginning of September

Gold prices have risen by 6.4 percent since the beginning of September, on track to record its third consecutive monthly…
Egypt sets new record in exports for engineering goods

Egypt sets new record in exports for engineering goods

The Egyptian Engineering Export Council has announced a significant 27.3 percent increase in the sector’s exports from January to August,…
Experts call on Egypt’s government to wait on issuing international bonds

Experts call on Egypt’s government to wait on issuing international bonds

Observers and analysts called on the Egyptian government to wait on issuing international bonds until the vision becomes clearer regarding…
Finance Minister says Egypt’s economic situation “reassuring”

Finance Minister says Egypt’s economic situation “reassuring”

Finance Minister Ahmed Kouchouk affirmed Friday 20/9/2024 that Egypt’s economic situation is “reassuring” as reflected in positive budget performance indicators…
Turkish factory opens in Egypt with $110 Million investment

Turkish factory opens in Egypt with $110 Million investment

A new Turkish factory was inaugurated in the Tenth of Ramadan City, east of Cairo, on Wednesday with investments totaling…
Saudi Arabia to inject $5 billion in investments into Egypt as a first phase

Saudi Arabia to inject $5 billion in investments into Egypt as a first phase

The Crown Prince of Saudi Arabia met with Egyptian Prime Minister Mostafa Madbouly to explore available investment opportunities between both…
Saudi Arabia to convert its Egyptian deposits into investments

Saudi Arabia to convert its Egyptian deposits into investments

Egyptian Prime Minister Mostafa Madbouly began his visit to the Saudi capital Riyadh, on Sunday by meeting with the Saudi…
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