Economy
Amidst global economic crises, President Sisi reassures Egyptians: ‘We are fine’
May 11, 2022
Amidst global economic crises, President Sisi reassures Egyptians: ‘We are fine’
Amidst global economic crises, Egyptian President Abdel Fattah al-Sisi reassured his people on Tuesday, saying: “The global crisis is unprecedented…
Car prices in Egypt to increase within near future
May 11, 2022
Car prices in Egypt to increase within near future
The head of the Egyptian Automotive Dealers Association Osama Aboul-Magd said that Egypt will witness increasing car prices within the…
Egypt signs grant agreements with EU worth 138 million euros
May 10, 2022
Egypt signs grant agreements with EU worth 138 million euros
The Minister of International Cooperation Rania al-Mashat signed development financing grants with the European Union worth €138 million. This covers…
US dollar climbs to its highest level in 20 years
May 9, 2022
US dollar climbs to its highest level in 20 years
The US dollar rose to a 20-year high on Monday as a combination of rising US Treasury yields and closures…
CBE announces increase of US$ 41 million in foreign reserves during April
May 8, 2022
CBE announces increase of US$ 41 million in foreign reserves during April
The balance of foreign exchange reserves at the Central Bank of Egypt increased at the end of April by about…
US dollar exchange rate on Sunday in Egypt banks
May 8, 2022
US dollar exchange rate on Sunday in Egypt banks
The US dollar exchange rate witnessed stability over the past week due to the closure of banks during Eid al-Fitr…
CBE announces date of the Monetary Policy Committee meeting
May 7, 2022
CBE announces date of the Monetary Policy Committee meeting
An official source at the Central Bank of Egypt said that the Monetary Policy Committee of the bank will meet…
Us dollar nearing its highest price in 20 years
May 6, 2022
Us dollar nearing its highest price in 20 years
The US dollar index approached its highest level in 20 years against other major currencies, in Friday’s trading, as the…
Amendments to income tax aim to relieve burden on citizens, assures Egypt’s Finance Minister
May 3, 2022
Amendments to income tax aim to relieve burden on citizens, assures Egypt’s Finance Minister
Egyptian Finance Minister Mohamed Maait said that amendments to the income tax law, approved by the Cabinet and referred to…
FEI’s Tobacco Division warns of disruptions in tobacco production
April 26, 2022
FEI’s Tobacco Division warns of disruptions in tobacco production
The Tobacco Division of the Federation of Egyptian Industries warned against the cessation of cigarette and tobacco factories from production…