Economy

Standard & Poor’s raises Egypt’s rating to ‘B’ with stable outlook

Standard & Poor’s raises Egypt’s rating to ‘B’ with stable outlook

Standard & Poor’s announced on Friday that it has upgraded Egypt’s rating to “B” with a stable outlook. The rating…
Egypt’s Petroleum Minister assures octane price increase will be the last

Egypt’s Petroleum Minister assures octane price increase will be the last

Minister of Petroleum and Mineral Resources Karim Badawi said that the octane price increase will be the last in the…
Turkish investments in Egypt rise up to US$4 billion: Official

Turkish investments in Egypt rise up to US$4 billion: Official

The Head of the Egyptian Commercial Representation and Minister Plenipotentiary for Trade Abdel-Aziz al-Sherif, affirmed that trade and investment relations…
US dollar price in Egypt now returns to its true value: Economist 

US dollar price in Egypt now returns to its true value: Economist 

Economist Sherif Awad explained on Friday that the Central Bank‘s one percent interest rate cut will have a positive impact…
Qatar to launch massive Red Sea tourism project with St. Regis

Qatar to launch massive Red Sea tourism project with St. Regis

The Qatari Ambassador to Egypt, Tariq Faraj al-Ansari, has revealed that Qatari Diar Real Estate Investment Company is preparing to…
Egyptian expat remittances double in a decade, hitting record $36.5 billion

Egyptian expat remittances double in a decade, hitting record $36.5 billion

The Egyptian Cabinet Media Center has released several infographics highlighting the record surge in remittances from Egyptians working abroad and…
Egypt secures fourth tranche of Japanese funding for Cairo Metro Line 4

Egypt secures fourth tranche of Japanese funding for Cairo Metro Line 4

Egypt and Japan have signed the exchanged letters and a financing agreement for the fourth tranche of the Greater Cairo…
Everything you need to know about the prices of iPhone 17 series in Egypt

Everything you need to know about the prices of iPhone 17 series in Egypt

Starting Friday, the Egyptian market is ready to receive pre-orders for the new iPhone 17 series. Consumers can place a…
Sawiris demands government offer employees 40-year apartment installments

Sawiris demands government offer employees 40-year apartment installments

In a televised interview on the “Hadret al-Mowaten” program, businessman Naguib Sawiris commented on the significant recent increase in real…
Gold heads for fourth weekly gain amid rate cut expectations

Gold heads for fourth weekly gain amid rate cut expectations

Global gold prices rose during early trading on Friday, heading for their fourth consecutive weekly increase. The growing concerns about…
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