Business

SCZone slams reports claiming it has borrowed LE19 billion

SCZone slams reports claiming it has borrowed LE19 billion

The General Authority of the Suez Canal Economic Zone (SCZone) in a statement on Tuesday slammed reports claiming it planned…
Egypt’s bourse shows mixed performance at close of Sunday’s trading

Egypt’s bourse shows mixed performance at close of Sunday’s trading

Egyptian Exchange (EGX) indices showed mixed performance at the close of Sunday’s trading, backed by strong purchases by local institutions…
US dollar exchange rate across major Egyptian banks

US dollar exchange rate across major Egyptian banks

The US dollar exchange rate against the Egyptian pound remained relatively stable across several major Egyptian banks on Friday. Below…
Turkey establishes ready-made clothes project in Egypt with investments worth US$40 million

Turkey establishes ready-made clothes project in Egypt with investments worth US$40 million

The Chairman for the General Authority of the Suez Canal Economic Zone (SCZONE) Waleid Gamal al-Dein, on Tuesday, laid the…
Experts note 10% decline in online purchases after rising inflation in Egypt

Experts note 10% decline in online purchases after rising inflation in Egypt

Experts in the online purchasing sector confirmed that the increase in Egypt’s inflation rates will impact the rate of consumer…
Is the Egyptian pound facing new losses?

Is the Egyptian pound facing new losses?

Fitch Solutions revealed its expectations for the US dollar exchange rate against the Egyptian pound during the current fiscal year…
Stock market indices show mixed performance at close of trading

Stock market indices show mixed performance at close of trading

CAIRO, Aug 12 (MENA) – Egyptian Exchange (EGX) indices showed mixed performance at close of Monday’s trading backed by strong…
Business Insider: Egypt tops North African states as largest trading partner of countries in the continent

Business Insider: Egypt tops North African states as largest trading partner of countries in the continent

ABUJA, Aug 12 (MENA) – Egypt recorded strong trade transactions with African countries during the year 2024, to become their…
US dollar exchange rate at Egypt’s major banks

US dollar exchange rate at Egypt’s major banks

The US dollar exchange rate against the Egyptian pound has stabilized Friday, following the increase recorded yesterday, coinciding with the…
Egypt to become regional petroleum hub with UAE in partnership worth $3 billion

Egypt to become regional petroleum hub with UAE in partnership worth $3 billion

Egyptian Prime Minister Mostafa Madbouly has presided over the signing ceremony of a Memorandum of Understanding at the New Alamein…
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