Business
Finance Minister says Egypt’s economic situation “reassuring”
September 21, 2024
Finance Minister says Egypt’s economic situation “reassuring”
Finance Minister Ahmed Kouchouk affirmed Friday 20/9/2024 that Egypt’s economic situation is “reassuring” as reflected in positive budget performance indicators…
Turkish factory opens in Egypt with $110 Million investment
September 19, 2024
Turkish factory opens in Egypt with $110 Million investment
A new Turkish factory was inaugurated in the Tenth of Ramadan City, east of Cairo, on Wednesday with investments totaling…
Saudi Arabia to inject $5 billion in investments into Egypt as a first phase
September 18, 2024
Saudi Arabia to inject $5 billion in investments into Egypt as a first phase
The Crown Prince of Saudi Arabia met with Egyptian Prime Minister Mostafa Madbouly to explore available investment opportunities between both…
Saudi Arabia to convert its Egyptian deposits into investments
September 16, 2024
Saudi Arabia to convert its Egyptian deposits into investments
Egyptian Prime Minister Mostafa Madbouly began his visit to the Saudi capital Riyadh, on Sunday by meeting with the Saudi…
Know your InstaPay limits: Central Bank announces new rules
September 15, 2024
Know your InstaPay limits: Central Bank announces new rules
The Central Bank of Egypt (CBE) has increased the daily and monthly spending limits for digital payments made using apps…
Global gold prices witness historic hike on Friday
September 14, 2024
Global gold prices witness historic hike on Friday
Global gold prices hit new record levels on Friday, as gold futures rose by one percent to reach US$2,606 per…
Did Egypt sell its share in the Sukari gold mine? Petroleum Ministry clarifies
September 12, 2024
Did Egypt sell its share in the Sukari gold mine? Petroleum Ministry clarifies
The Ministry of Petroleum and Mineral Resources announced the details of a deal in which AngloGold Ashanti has acquired Centamin,…
Egypt to launch new package of tax facilities aimed at improving issues
September 11, 2024
Egypt to launch new package of tax facilities aimed at improving issues
Egyptian Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk will hold a press conference on Wednesday to announce a…
Egypt’s annual core inflation rate rises to 25.1% by end of August
September 11, 2024
Egypt’s annual core inflation rate rises to 25.1% by end of August
The Central Bank of Egypt (CBE) announced an increase in the annual core inflation rate to reach 25.1 percent in…
CBE announces 87% increase in remittances of Egyptians working abroad
September 10, 2024
CBE announces 87% increase in remittances of Egyptians working abroad
The Central Bank of Egypt (CBE) announced an 86.8 percent increase in remittances of Egyptians working abroad during July, for…