Business
Egypt’s balance of gold in foreign reserves at US$ 11 billion
November 12, 2024
Egypt’s balance of gold in foreign reserves at US$ 11 billion
The Central Bank of Egypt (CBE) announced on Monday that the balance of gold in Egypt’s foreign reserves rose to…
Egypt pays US$1 billion in foreign oil companies’ dues
November 11, 2024
Egypt pays US$1 billion in foreign oil companies’ dues
A government source said on Sunday that Egypt has paid one billion dollars in overdue dues to foreign oil companies…
IMF will not impose conditions on Egypt over subsidizing: Minister
November 11, 2024
IMF will not impose conditions on Egypt over subsidizing: Minister
Egyptian Minister of Supply and Internal Trade Sherif Farouk told Al-Masry Al-Youm, on the sidelines of the annual conference of…
Egypt, UAE begin agreements including development of Hamra Port
November 10, 2024
Egypt, UAE begin agreements including development of Hamra Port
Egyptian Ministry of Petroleum and Mineral Resources and the government of the Fujairah Emirate in the UAE began implementing the…
Why is the US dollar rising in Egypt?
November 8, 2024
Why is the US dollar rising in Egypt?
Economists have attributed the recent rise in the US dollar against the Egyptian pound to a combination of domestic and…
No major devaluation planned for the Egyptian Pound: Cabinet Spokesperson
November 7, 2024
No major devaluation planned for the Egyptian Pound: Cabinet Spokesperson
Cabinet Spokesperson Counselor Mohamed al-Hamasy stated that Prime Minister Mostafa Madbouly clearly indicated in the weekly press conference that Egypt…
Central Bank of Egypt announces increase in foreign reserves to $46.94 billion
November 7, 2024
Central Bank of Egypt announces increase in foreign reserves to $46.94 billion
The Central Bank announced an increase in net foreign reserves to US$46.94 billion at the end of October, compared to…
Here are the InstaPay withdrawal limits following the CBE’s recent decision
November 6, 2024
Here are the InstaPay withdrawal limits following the CBE’s recent decision
The Central Bank of Egypt announced amending the maximum daily and monthly transactions and the maximum single transaction on the…
US dollar exchange rate rises in 10 Egyptian banks
November 5, 2024
US dollar exchange rate rises in 10 Egyptian banks
The US dollar exchange rate continued to rise against the Egyptian pound on Tuesday in 10 banks, officially exceeding the…
Egypt seeks to raise trade exchange with Turkey to US$15 billion annually
November 5, 2024
Egypt seeks to raise trade exchange with Turkey to US$15 billion annually
Government officials in Egypt and Turkey are aiming to enhance cooperation and raise the volume of trade exchange between the…