Economy
Egypt signs on $20 million initiative to manufacture smartphones locally
July 23, 2022
Egypt signs on $20 million initiative to manufacture smartphones locally
Egyptian Minister of Communications Amr Talaat conducted an inspection tour on Friday for the the new Vivo Telecom Technology Company…
Europe braces for a potential gas crisis as historic heatwave boosts demand
July 18, 2022
Europe braces for a potential gas crisis as historic heatwave boosts demand
London (CNN Business)Europe is bracing for the potential of a full-blown gas crisis later this week just as an historic heatwave has hiked demand…
Egypt can’t take on more fuel subsides amid soaring oil prices: minister
July 13, 2022
Egypt can’t take on more fuel subsides amid soaring oil prices: minister
Egyptian Finance Minister, Mohamed Maait announced Wednesday that the state’s budget cannot continue to bear the additional burden resulting from…
Egypt’s agricultural exports nears 4 million tons since beginning of year
July 10, 2022
Egypt’s agricultural exports nears 4 million tons since beginning of year
The Ministry of Agriculture and Land Reclamation said that the total agricultural exports during the period from the first of…
Photos: Egypt releases first Polymer banknotes
July 5, 2022
Photos: Egypt releases first Polymer banknotes
The Central Bank of Egypt has introduced the ten-pound denomination of plastic (polymer) notes, produced using the latest banknote production…
US dollar rises by 148 piasters in about a month against Egyptian pound
July 3, 2022
US dollar rises by 148 piasters in about a month against Egyptian pound
The price of the US dollar in Egypt witnessed an increase since June 5 until Sunday. According to the prices…
Russian ruble rises against the US dollar, hitting highest level since 2015
June 22, 2022
Russian ruble rises against the US dollar, hitting highest level since 2015
The Russian ruble rose against the US dollar, hitting its highest level since July 2015. This could raise the Russian…
US dollar exchange rate continues to rise in Egypt
June 22, 2022
US dollar exchange rate continues to rise in Egypt
The price of the US dollar in Egypt is still of interest to many in Egypt during this period,…
Egypt hosts the 5th round of trade negotiations with Eurasian Union
June 19, 2022
Egypt hosts the 5th round of trade negotiations with Eurasian Union
The Egyptian Minister of Industry and Trade, Nevine Gamea announced Saturday that Cairo will host the fifth round of negotiations…
US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years
June 19, 2022
US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years
The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive…