Economy
“Don’t be alarmed if the exchange rate increases”: Egypt’s Prime Minister
November 29, 2024
“Don’t be alarmed if the exchange rate increases”: Egypt’s Prime Minister
Prime Minister Mostafa Madbouly addressed concerns about the Egyptian pound’s exchange rate during a press conference on Thursday. He assured…
US dollar exchange rate against Egyptian pound at major banks
November 24, 2024
US dollar exchange rate against Egyptian pound at major banks
As of Sunday, the Egyptian Pound has maintained its stability against the US Dollar at the beginning of banking transactions.…
US dollar exchange rate against Egyptian pound at Egypt’s major banks on Sunday
November 17, 2024
US dollar exchange rate against Egyptian pound at Egypt’s major banks on Sunday
The US dollar exchange rate against the Egyptian pound remained stable at the beginning of trading on Sunday. The greenback…
Nasr Company for Automobiles restarts production after a 15-year hiatus
November 17, 2024
Nasr Company for Automobiles restarts production after a 15-year hiatus
Prime Minister Mostafa Madbouly witnessed the inauguration of the bus manufacturing plant at the Nasr Company for Automobiles, affiliated with…
Egypt’s balance of gold in foreign reserves at US$ 11 billion
November 12, 2024
Egypt’s balance of gold in foreign reserves at US$ 11 billion
The Central Bank of Egypt (CBE) announced on Monday that the balance of gold in Egypt’s foreign reserves rose to…
Egypt pays US$1 billion in foreign oil companies’ dues
November 11, 2024
Egypt pays US$1 billion in foreign oil companies’ dues
A government source said on Sunday that Egypt has paid one billion dollars in overdue dues to foreign oil companies…
IMF will not impose conditions on Egypt over subsidizing: Minister
November 11, 2024
IMF will not impose conditions on Egypt over subsidizing: Minister
Egyptian Minister of Supply and Internal Trade Sherif Farouk told Al-Masry Al-Youm, on the sidelines of the annual conference of…
Egypt, UAE begin agreements including development of Hamra Port
November 10, 2024
Egypt, UAE begin agreements including development of Hamra Port
Egyptian Ministry of Petroleum and Mineral Resources and the government of the Fujairah Emirate in the UAE began implementing the…
Why is the US dollar rising in Egypt?
November 8, 2024
Why is the US dollar rising in Egypt?
Economists have attributed the recent rise in the US dollar against the Egyptian pound to a combination of domestic and…
No major devaluation planned for the Egyptian Pound: Cabinet Spokesperson
November 7, 2024
No major devaluation planned for the Egyptian Pound: Cabinet Spokesperson
Cabinet Spokesperson Counselor Mohamed al-Hamasy stated that Prime Minister Mostafa Madbouly clearly indicated in the weekly press conference that Egypt…