Economy
US dollar to Egyptian pound exchange rates slightly decrease
January 12, 2021
US dollar to Egyptian pound exchange rates slightly decrease
The US dollar to Egyptian pound exchange rate on Tuesday saw a slight decrease for purchase and selling rates, recording…
US congress breach causes lower Gold prices in Egypt, 21-karat at LE 810
January 9, 2021
US congress breach causes lower Gold prices in Egypt, 21-karat at LE 810
Gold prices declined in Egypt on Saturday with the price of 21-karat (the market’s highest selling gold) falling by LE14…
Egypt signs 9 oil and gas exploration agreements for Mediterranean and Red seas
January 2, 2021
Egypt signs 9 oil and gas exploration agreements for Mediterranean and Red seas
Egypt’s Minister of Petroleum and Mineral Resources, Tarek el-Molla, signed on Friday nine new agreements to search for oil and…
CBE extends exemptions on fees and commissions due to coronavirus surge
December 29, 2020
CBE extends exemptions on fees and commissions due to coronavirus surge
The Central Bank of Egypt’s Board of Directors on Monday has chosen to extend several decisions taken to confront repercussions…
Coronavirus lockdown abroad forces Egypt’s potato farmers to abandon their crops
December 22, 2020
Coronavirus lockdown abroad forces Egypt’s potato farmers to abandon their crops
Wholesale prices for potatoes have decreased sharply over the past week, driving Egyptian farmers to abandon their own crops due…
Egypt signs agreements with USTDA to upgrade major refineries
December 19, 2020
Egypt signs agreements with USTDA to upgrade major refineries
Egypt’s Ministry of Petroleum and Mineral Resources signed two grant agreements with the US Trade and Development Agency on Thursday…
Sisi approves $500 mn housing loan agreement with IBRD
December 17, 2020
Sisi approves $500 mn housing loan agreement with IBRD
Egypt’s President Abdel Fattah al-Sisi issued a decreeon Wednesday approving a US$500 million loan agreement between Egypt and the International…
Amid Brexit, Egypt, Britain sign free trade agreement
December 7, 2020
Amid Brexit, Egypt, Britain sign free trade agreement
Egypt and Britain signed an agreement establishing a trade partnership between the two countries, which will go into effect on…
Hundreds of workers go on strike in Daqahlia to protest selling of factory
December 5, 2020
Hundreds of workers go on strike in Daqahlia to protest selling of factory
Hundreds of workers at the Delta Company for Fertilizers and Chemical Industries (Talkha Fertilizer), a state-owned company in Egypt, staged…
Egypt plans first factory to locally manufacture trains by beginning of 2021
December 2, 2020
Egypt plans first factory to locally manufacture trains by beginning of 2021
Egyptian Transport Ministry plans to start establishing the country’s first factory to locally manufacture trains of all kinds starting from…