Business
China to establish new industrial complex in Egypt worth US$1.6 billion
January 15, 2025
China to establish new industrial complex in Egypt worth US$1.6 billion
The Chinese Ambassador to Cairo, Liao Liqiang, revealed that a Chinese company has announced an investment worth US$1.6 billion to…
Turkish company to open new investments in Egypt worth US$50 million
January 12, 2025
Turkish company to open new investments in Egypt worth US$50 million
Turkish Ambassador to Cairo Salih Mutlu Şen said on Saturday that his country attaches great importance to industrial and technological…
CAPMAS: Annual inflation rate declines to 23.4 percent in December
January 9, 2025
CAPMAS: Annual inflation rate declines to 23.4 percent in December
Egypt’s annual inflation rate declined to 23.4 percent in December 2024 against 25 percent in November, the Central Agency for…
Egypt to pay US$1 billion in foreign oil companies dues
January 8, 2025
Egypt to pay US$1 billion in foreign oil companies dues
According to informed sources, the Egyptian government is heading towards paying one billion dollars in dues of foreign oil companies…
Egypt’s foreign reserves exceed $47 billion
January 7, 2025
Egypt’s foreign reserves exceed $47 billion
The Central Bank of Egypt announced on Monday, that net foreign reserves have increased to $47.109 billion in December, compared…
Egypt bourse indices up at close of Thursday trading session
January 4, 2025
Egypt bourse indices up at close of Thursday trading session
The Egyptian Exchange (EGX) indices posted collective gains at the close of Thursday 3/1/2025 trading session, backed by purchases by…
US dollar exchange rate against Egyptian pound at Egypt’s major banks
January 3, 2025
US dollar exchange rate against Egyptian pound at Egypt’s major banks
The US dollar exchange rate against the Egyptian pound remained stable on Friday, across 17 local banks, holding at the…
5 reasons to be optimistic about the 2025 economy
January 2, 2025
5 reasons to be optimistic about the 2025 economy
New York CNN — The world faces a plethora of serious problems entering 2025. The US economy is not one…
Banks in Egypt close on Wednesday, resume work on Thursday
January 1, 2025
Banks in Egypt close on Wednesday, resume work on Thursday
The Central Bank of Egypt (CBE) announced that all banks operating in Egypt are closed on Wednesday, January 1, due…
CBE extends exemption for individuals on transfer fees via InstaPay
December 31, 2024
CBE extends exemption for individuals on transfer fees via InstaPay
The Board of Directors of the Central Bank of Egypt issued several decisions that include extending the exemption of customers…