Economy
SCZone signs deal for $10 billion in investments to produce green fuels
May 14, 2022
SCZone signs deal for $10 billion in investments to produce green fuels
The Suez Canal Economic Zone (SCZone) has signed six memoranda of understanding for investments worth US$ 10 billion for green…
UN expresses support towards Egypt’s structural reform efforts
May 14, 2022
UN expresses support towards Egypt’s structural reform efforts
The Minister of Planning and Economic Development in Egypt, Hala al-Saeed, and the United Nations Resident Coordinator in Egypt, Elena…
The Egyptian pound records its highest price against US dollar in a month
May 12, 2022
The Egyptian pound records its highest price against US dollar in a month
On Thursday morning, the Egyptian pound recorded its highest price in a month against the US dollar, continuing to rise…
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…