Economy
Government considers obligating Egyptian shipping agencies to use local currency
April 11, 2022
Government considers obligating Egyptian shipping agencies to use local currency
The Egyptian government is considering obligating local shipping agencies operating in Egyptian ports to accept the payment of local container…
US dollar exchange rate in Egypt maintains stable prices
April 11, 2022
US dollar exchange rate in Egypt maintains stable prices
The National Bank of Egypt announced the update of currency rates on Monday. The US dollar maintained stable price:s while…
Economic reform has made Egypt more able to absorb global shocks: Finance Minister
April 9, 2022
Economic reform has made Egypt more able to absorb global shocks: Finance Minister
Egyptian Finance Minister Mohamed Maait credited Egypt’s resilience in the face of global and local economic shocks to the economic…
Slight decrease in Egypt’s US dollar exchange rate on Sunday
March 27, 2022
Slight decrease in Egypt’s US dollar exchange rate on Sunday
The US dollar exchange rate decreased slightly by two piasters on Sunday compared to Thursday’s rates, which were LE18.29 for…
Egypt to launch initiative to develop energy transition in Africa
March 26, 2022
Egypt to launch initiative to develop energy transition in Africa
The Egyptian Minister of Petroleum and Mineral Resources Tarek al-Mulla announced Friday that his country is preparing an Egyptian initiative…
US dollar exchange rate maintains stable prices after two days of hikes
March 23, 2022
US dollar exchange rate maintains stable prices after two days of hikes
The US dollar exchange rate maintained stable prices on Wednesday after two days of hikes since the Central Bank of…
US dollar exchange rate continues to increase against Egyptian pound
March 22, 2022
US dollar exchange rate continues to increase against Egyptian pound
The exchange rate of the US dollar against the Egyptian pound continued to increase on Tuesday’s morning trading, reaching LE18.53.…
India is in talks to export wheat to Egypt
March 22, 2022
India is in talks to export wheat to Egypt
The Bloomberg Agency revealed that India is in final talks to start exporting wheat to Egypt, the world’s largest importer,…
Egypt allocates LE130 billion to handle repercussions of economic challenges
March 21, 2022
Egypt allocates LE130 billion to handle repercussions of economic challenges
Egyptian Finance Minister Mohamed Maait announced Monday that a package of financial and social protection measures worth LE130 billion have…
New package with measures to mitigate economic repercussions in Egypt
March 21, 2022
New package with measures to mitigate economic repercussions in Egypt
Egyptian President Abdel Fattah al-Sisi directed the government on Sunday to immediately prepare a package of financial and social…