Business
CBE pays $7.154 bln in debts for Egypt
June 2, 2023
CBE pays $7.154 bln in debts for Egypt
The Central Bank of Egypt (CBE), on behalf of the Egyptian government, paid about US$7.154 billion by the end of…
Wintershall Dea discovers new natural gas well in Disouq concession
June 1, 2023
Wintershall Dea discovers new natural gas well in Disouq concession
The German Wintershall Dea company announced a new natural gas discovery within the Disouq concession in the onshore Nile Delta…
What will happen to Egypt’s debt if US dollar hits LE38?
May 30, 2023
What will happen to Egypt’s debt if US dollar hits LE38?
The Standard Chartered Bank said that nearly a third of Egypt’s debt is denominated in foreign currencies, and any additional…
Egypt’s annual average wheat imports in 5 years total US$ 2.7 billion
May 29, 2023
Egypt’s annual average wheat imports in 5 years total US$ 2.7 billion
A report for the preliminary version of the economic and social development plan for the fiscal year 2023/2024, issued by…
Egypt sells treasury bills worth LE46 billion, at interest rate of 23.8%
May 29, 2023
Egypt sells treasury bills worth LE46 billion, at interest rate of 23.8%
Egypt’s Finance Ministry accepted about 453 bids to sell treasury bills put forward by the Central Bank of Egypt in…
Russia is in talks to establish free zone in Egypt: Putin
May 25, 2023
Russia is in talks to establish free zone in Egypt: Putin
Russian President Vladimir Putin on Wednesday announced at the plenary session of the Eurasian Economic Forum that Russia is in…
Egypt sees increased demand for purchasing Gold Investment Fund documents
May 24, 2023
Egypt sees increased demand for purchasing Gold Investment Fund documents
The bodies receiving subscriptions to Egypt’s Gold Investment Fund continue to receive those wishing to invest in gold, through electronic…
Egyptian exports to the US fall to US$2.3 billion in 2022: CAPMAS
May 22, 2023
Egyptian exports to the US fall to US$2.3 billion in 2022: CAPMAS
The Central Agency for Public Mobilization and Statistics reported a decrease in the value of Egyptian exports to the US…
CBE fixes interest rate on Thursday
May 19, 2023
CBE fixes interest rate on Thursday
The Central Bank of Egypt’s Monetary Policy Committee fixed interest rates during its Thursday meeting. This is a positive move,…
Imported gold can be sold in local market at same price as Egyptian gold: expert
May 18, 2023
Imported gold can be sold in local market at same price as Egyptian gold: expert
Gold imported from abroad can be sold in the local market at the same price as local gold, said the…