Business
British Petroleum plans to invest $3.5 bln in Egypt’s oil and gas sector
August 29, 2023
British Petroleum plans to invest $3.5 bln in Egypt’s oil and gas sector
British Petroleum (BP) announced that it plans to invest about US$3.5 billion into the Egyptian oil and gas sector over…
US dollar price continues to stabilize in Egypt Monday
August 28, 2023
US dollar price continues to stabilize in Egypt Monday
On Monday the price of the US dollar continued to stabilize at Egyptian banks. The price of the dollar today…
In a historic first, Suez Canal makes $1 mln in revenues in an hour
August 28, 2023
In a historic first, Suez Canal makes $1 mln in revenues in an hour
The Suez Canal Authority recorded total revenues of one million dollars in an hour for the first time in the…
Egypt’s stock market hits highest historical peak ever, gaining LE 16.6 billion
August 28, 2023
Egypt’s stock market hits highest historical peak ever, gaining LE 16.6 billion
The Egyptian stock exchange ended Sunday’s trading at its highest historical peak ever, with market capital profit totaling LE 16.6…
Expert reveals the steps BRICS can take to reduce the US dollar’s dominance
August 26, 2023
Expert reveals the steps BRICS can take to reduce the US dollar’s dominance
Banking expert and former vice-president of Banque Misr, Sahar al-Damaty said that cooperation with the BRICS will require new foundations…
The impact of a unified BRICS currency on the US dollar and Egypt’s economy
August 25, 2023
The impact of a unified BRICS currency on the US dollar and Egypt’s economy
The BRICS bloc on Thursday has invited six countries, including Egypt, to join starting January 2024. The bloc, which comprises…
NBE, Banque Misr offer new dollar certificates
August 21, 2023
NBE, Banque Misr offer new dollar certificates
Banque Misr and the National Bank of Egypt are now offering up new US dollar savings certificates, characterized by high…
Apache plans to invest US$1.4 billion in Egypt
August 21, 2023
Apache plans to invest US$1.4 billion in Egypt
Prime Minister Mostafa Madbouly held a meeting on Sunday at the government headquarters in the New Administrative Capital with officials…
US dollar price remains stable in Egypt’s banks on Monday
August 21, 2023
US dollar price remains stable in Egypt’s banks on Monday
The price of the US dollar stabilized against the Egyptian pound on Monday, August 21, at the Central Bank of…
Egypt’s Stock Exchange issues statement on foreign certificates of deposit transfers during week’s trading
August 18, 2023
Egypt’s Stock Exchange issues statement on foreign certificates of deposit transfers during week’s trading
An affiliate with the Commercial International Bank of Egypt (CIB) transferred the issuance of 51,309 certificates of deposit to the…