Economy

Gold prices increase in Egypt, 21-karat gold at LE 891

Gold prices increase in Egypt, 21-karat gold at LE 891

Gold prices in futures contracts continued to decline on Tuesday while the price of gold rose in spot transactions, after…
CBE issues an exceptional decision on rice, beans and lentils

CBE issues an exceptional decision on rice, beans and lentils

The Central Bank of Egypt (CBE) decided to extend the grace period for banks to exclude rice, beans and lentils…
Egypt takes strict measures to stop the repercussions of inflation

Egypt takes strict measures to stop the repercussions of inflation

Egypt took strict measures to control the repercussions of inflation and price increases impacted by the Russian-Ukrainian war. The government…
Egypt halts exports of oil, grits and corn for 3 months

Egypt halts exports of oil, grits and corn for 3 months

The Egyptian Minister of Trade and Industry, Nevine Gamea, issued a decision starting Saturday to halt exports of oil of…
SCZone meets with A.P. Moller-Maersk to talk green fuel

SCZone meets with A.P. Moller-Maersk to talk green fuel

The Head of the Suez Canal Economic Zone (SCZone) Yahya Zaki met with a delegation from the A.P. Moller-Maersk Group…
Egypt achieves highest economic growth rate since beginning of the millennium

Egypt achieves highest economic growth rate since beginning of the millennium

Finance Minister Mohamed Maait announced Friday that Egypt recorded the highest semi-annual growth rate since the beginning of the millennium…
US dollar exchange rate stable in Egypt banks

US dollar exchange rate stable in Egypt banks

  The US dollar exchange rate maintained stable prices in Egypt banks against the local currency on Tuesday. Despite increasing…
Significant decline in gold prices in Egypt and globally on Wednesday

Significant decline in gold prices in Egypt and globally on Wednesday

Gold prices declined on Wednesday in Egypt at the start of trading, with prices declining globally after traders flocked to…
Egyptian exports to Arab countries up by 27% in 2021

Egyptian exports to Arab countries up by 27% in 2021

Egypt’s exports achieved unprecedented positive indicators in 2021, reaching US$32.13 billion, compared to $25.43 billion in 2020 – an increase…
CAPMAS announces 22.3% increase in bank deposits during 2020/2021

CAPMAS announces 22.3% increase in bank deposits during 2020/2021

The Central Agency for Public Mobilization and Statistics announced that bank deposit balances in 2020/2021 were LE5,731.5 billion, an increase…
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