Business
US dollar price stabilizes on Tuesday
September 12, 2023
US dollar price stabilizes on Tuesday
The US dollar price remained stable against the Egyptian pound on Tuesday at the Central Bank of Egypt and government…
Egypt’s annual inflation rate rises to 39.7%
September 11, 2023
Egypt’s annual inflation rate rises to 39.7%
The Central Agency for Public Mobilization and Statistics (CAPMAS) in Egypt announced that the annual inflation rate rose to 39.7…
Politician proposes selling state-owned sports clubs to pay off Egypt’s debts
September 8, 2023
Politician proposes selling state-owned sports clubs to pay off Egypt’s debts
The representative of the Free Egyptians Party at the National Dialogue, Mohamed Khalil Badra, proposed selling state-owned assets such as…
US dollar price stabilizes in Egypt on Wednesday
September 6, 2023
US dollar price stabilizes in Egypt on Wednesday
The US dollar price remained stable against the Egyptian pound at the Central Bank of Egypt and government and private…
At least 15% of Banque du Caire shares to be offered for sale at $1 mln: former banker
September 6, 2023
At least 15% of Banque du Caire shares to be offered for sale at $1 mln: former banker
The Former Vice President of Banque Misr, Sahar al-Damaty, anticipates that around 15 to 20 percent of the shares of…
Egypt’s currency expected to be devalued after presidential elections
September 6, 2023
Egypt’s currency expected to be devalued after presidential elections
Former Assistant Finance Minister Sherine al-Shawarby on Tuesday announced that a new devaluation for the Egyptian pound is expected after…
Twenty oil wells drilled in the Zohr field, daily production at 2.2 billion cubic feet of gas: official
September 5, 2023
Twenty oil wells drilled in the Zohr field, daily production at 2.2 billion cubic feet of gas: official
Twenty oil wells have been drilled in the Zohr gas field while several others are currently being drilled, as the…
In a first, Egypt establishes real estate bourse
September 4, 2023
In a first, Egypt establishes real estate bourse
The government has announced the establishment of a bourse to promote the sale of real estate, taking advantage of the…
Eni plans to inject US$7.7 billion towards new investments in Egypt
September 4, 2023
Eni plans to inject US$7.7 billion towards new investments in Egypt
Italian company Eni plans to inject upwards of US$7.7 billion into new investments in Egypt during the next four years,…
UAE’s Global Investments Holding acquires 30% stake in Eastern Company for Tobacco
September 4, 2023
UAE’s Global Investments Holding acquires 30% stake in Eastern Company for Tobacco
The UAE’s Global Investments Holding company has agreed to acquire 30 percent of the total shares of the Eastern Company…