Economy

Finance min. says Sisi reshaping Egypt’s economy

Finance min. says Sisi reshaping Egypt’s economy

Finance Minister Mohamed Maait said Wednesday that President Abdel Fattah al-Sisi is reshaping Egypt’s economy by empowering the private sector,…
US$16 billion worth of Kuwaiti investments in Egypt, official

US$16 billion worth of Kuwaiti investments in Egypt, official

  Member of the Egyptian-Kuwaiti Cooperation Council, Ahmed Kilany, said that the volume of Kuwaiti investments in Egypt exceeds US$…
Saudi Egyptian Investment Company acquires 34% of B.TECH

Saudi Egyptian Investment Company acquires 34% of B.TECH

The Saudi Egyptian Investment Company (SEIC), which is affiliated with the Saudi Public Investment Fund (the sovereign fund), acquired a…
Egypt announces an increase in foreign assets deficit

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

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

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%

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?

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

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

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…
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