Economy

US dollar to Egyptian pound exchange rates slightly decrease

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

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

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

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

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

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

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

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

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

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…
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