Economy
Egypt announces an increase in foreign assets deficit
October 4, 2022
Egypt announces an increase in foreign assets deficit
The Central Bank of Egypt announced that the net foreign assets deficit in the banking sector increased by about fiv…
Ten startups at NilePreneurs Compete participate in the 14th Creative Industry Summit
October 2, 2022
Ten startups at NilePreneurs Compete participate in the 14th Creative Industry Summit
The NilePreneurs Compete Initiative – one of the initiatives of the Central Bank of Egypt and implemented by Nile University…
Indian investments of US$110 million to be injected into Sokhna industrial zone
September 25, 2022
Indian investments of US$110 million to be injected into Sokhna industrial zone
The Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE) Walid Gamal Eddin, held a meeting with…
CBE raises required reserve ratio from 14% to 18%
September 25, 2022
CBE raises required reserve ratio from 14% to 18%
The Central Bank of Egypt decided on Saturday to raise the required reserve ratio in banks from 14 percent to…
Why will Egypt mint LE2 coins?
September 16, 2022
Why will Egypt mint LE2 coins?
The government aims to localize the metal industries with the latest international expertise to transform Egypt into a regional hub…
US dollar price stabilizes in Egypt on Wednesday
September 14, 2022
US dollar price stabilizes in Egypt on Wednesday
The US dollar exchange rates stabilized in Egyptian banks on Wednesday, September 14, 2022, against the Egyptian pound. Suez…
Egypt sees US$3.75 billion trade balance deficit during June 2022: CAPMAS
September 13, 2022
Egypt sees US$3.75 billion trade balance deficit during June 2022: CAPMAS
The Central Agency for Public Mobilization and Statistics announced a decrease in the value of the trade balance deficit to…
After fleeing with US$33 million, Noah brothers isolated from Egyptian Capiter company
September 10, 2022
After fleeing with US$33 million, Noah brothers isolated from Egyptian Capiter company
The Board of Directors of Capiter Holding Company – the Egyptian company specialized in the field of electronic commerce –…
Net foreign reserves record $33.141 bln at end of August
September 8, 2022
Net foreign reserves record $33.141 bln at end of August
The net foreign reserves recorded US$33.141 billion at the end of August 2022, the Central Bank of Egypt announced. The…
Qatar reportedly buying a stake in Egypt’s largest telecom company
September 6, 2022
Qatar reportedly buying a stake in Egypt’s largest telecom company
A Bloomberg report revealed that the Qatar Investment Authority is negotiating with the government-owned Telecom Egypt to buy a stake…