Economy
Alibaba stock jumps after announcing Hong Kong primary listing
July 26, 2022
Alibaba stock jumps after announcing Hong Kong primary listing
New York (CNN Business) – Alibaba announced a plan to allow more mainland Chinese investors to invest in the stock.…
We want more direct investments from Europe, Egypt FM
July 24, 2022
We want more direct investments from Europe, Egypt FM
Egyptian Foreign Minister Sameh Shoukry said that his country wants more direct investments from Europe. Shoukry’s remarks came during an…
Global wheat prices fell by 20% after the grain export agreement
July 24, 2022
Global wheat prices fell by 20% after the grain export agreement
Wheat prices fell on global stock exchanges by more than 20 percent on Saturday after Ukraine and Russia signed two…
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…