Business

Cash reserves within safe limits, cover six months: Banque du Caire head

Cash reserves within safe limits, cover six months: Banque du Caire head

The Central Bank of Egypt uses its tools with flexibility and unconventional form to maintain price levels, Tarek Fayed, Chairman…
Investing in Egyptian pound to be more profitable in medium term: CBE governor

Investing in Egyptian pound to be more profitable in medium term: CBE governor

The Central Bank of Egypt governor Tarek Amer pledged that investing in the Egyptian pound will be more profitable than…
Egyptian government to exit 79 sectors in 3 years

Egyptian government to exit 79 sectors in 3 years

The Egyptian government is set to exit 79 sectors within three years and maintain investments in 45 sectors. The draft…
Egyptian gas exports to Europe range between 10% and 15%, minister

Egyptian gas exports to Europe range between 10% and 15%, minister

The Egyptian Minister of Petroleum and Mineral Resources Tarek al-Mulla said on Tuesday that Egyptian gas exports to Europe range…
Egyptian private sector’s participation in utility projects won’t affect service prices: Official

Egyptian private sector’s participation in utility projects won’t affect service prices: Official

The Director of the Public Private Partnership Central Unit at the Finance Ministry Atter Hannoura announced Tuesday that the private…
Gold prices continue to decline on Wednesday morning

Gold prices continue to decline on Wednesday morning

Gold prices continued to decline at the beginning of trading on Wednesday morning, after recent successive increases. The decline was…
After 30 years, meetings to be held in Egypt with Islamic Development Bank Group: Minister

After 30 years, meetings to be held in Egypt with Islamic Development Bank Group: Minister

The Minister of Planning and Economic Development and Governor of Egypt at the Islamic Development Bank Group, Hala al-Saeed announced…
Remittances from Egyptian expatriates rise 12.8% in March to $3.3 bln

Remittances from Egyptian expatriates rise 12.8% in March to $3.3 bln

The Central Bank of Egypt (CBE) announced that remittances from Egyptian expatriates rose in March to about US$3.3 billion, an…
Egypt tops African countries recipient of foreign investment for 5th year in a row

Egypt tops African countries recipient of foreign investment for 5th year in a row

  Egypt remained at the forefront of foreign direct investment in Africa for the fifth year in a row in…
Egypt FM meets delegation from the US’s GreenTech Business Mission

Egypt FM meets delegation from the US’s GreenTech Business Mission

Egyptian Foreign Minister Sameh Shoukry on Sunday participated in an event held by the American Chamber of Commerce in Cairo,…
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