hard currency

Three alternatives to compensate for decline in Suez Canal revenues
Business

Three alternatives to compensate for decline in Suez Canal revenues

The Chairman of the Board of Directors of the Commercial International Bank, Hesham Ezz al-Arab, said on Sunday that the…
Egypt plans to increase US dollar proceeds: Official
Business

Egypt plans to increase US dollar proceeds: Official

Egyptian cabinet spokesperson Mohamed al-Hommosany announced that the government has a plan to increase US dollar proceeds by raising investments…
Egypt mulls barter trade with other countries: Official  
Business

Egypt mulls barter trade with other countries: Official  

The Head of the Environmental Compliance and Sustainable Development Office at the Federation of Egyptian Industries Sherif al-Gabaly revealed on…
Egypt 7th in remittances from workers abroad in 2022: World Bank
Egypt

Egypt 7th in remittances from workers abroad in 2022: World Bank

A World Bank report revealed the volume of remittances of workers abroad, with a total amount of US$831 billion, and…
Egyptian exports up by 23.3% in 10 months, CAPMAS
Business

Egyptian exports up by 23.3% in 10 months, CAPMAS

Data from the Central Agency for Public Mobilization and Statistics revealed an increase in the value of Egyptian exports to…
Egypt will start collecting train ticket prices in US dollars from foreigners starting January
Egypt

Egypt will start collecting train ticket prices in US dollars from foreigners starting January

  The Egyptian Transport Minister Kamel al-Wazir announced that the Egyptian National Railway authority (ENR) will start collecting train tickets’…
Businessman Abu Hashima suggest establishing ‘gold bank’ in Egypt
Business

Businessman Abu Hashima suggest establishing ‘gold bank’ in Egypt

Advisor to the Minister of Supply for Gold Industry Affairs, Nagy Farag, praised Egyptian businessman and head of the Youth…
US dollar price stabilizes in mid-trading for Egyptian banks
Business

US dollar price stabilizes in mid-trading for Egyptian banks

The price of the US dollar stabilized in mid-trading, Wednesday, August 10, after slight changes over the past few days.…
Egyptian expats remittances up by US$ 3.3 billion
Business

Egyptian expats remittances up by US$ 3.3 billion

The Central Bank of Egypt (CBE) has showed that remittances from Egyptians working abroad during the first 11 months of…
Remittances from Egyptians abroad up by 20.4% in September 2018
Economy

Remittances from Egyptians abroad up by 20.4% in September 2018

The Central Bank of Egypt (CBE) announced a rise in remittances from Egyptians working abroad by 20.4 percent ($298 million)…
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