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The US dollar exchange rate dropped against the Egyptian pound by EGP 0.04 in the first week of 2021 as foreign reserves rose to more than $40 billion.
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Egyptian state owned bank, National Bank of Egypt (NBE) opened a new branch inside Irshad Building in Ismailia.
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The share price of the e-payment solutions provider Fawry for Banking Technology and Electronic Payments reached an all-time high of EGP 38.5, after rising by 2.05 percent at the end of Tuesday’s…
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The World Bank has said in its semi-annual Global Economic Prospects report. Output will likely expand 4% in 2021, down from a 4.2% the Bank had forecast in its June report, before slowing to 3.8% in…
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The Central Bank of Egypt (CBE) issued new instructions for banks to expedite the transfers denominated in the Egyptian pound as part of the country’s efforts towards digital transformation.
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The Egyptian Exchange (EGX) is expected to launch a new index named “Tamayoz” which will include small- and medium-sized companies in February 2021.
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The Qatari Diar Company inaugurated the St. Regis Cairo Hotel in the presence of the Qatari Minister of Finance, Ali Sherif Al-Emadi, the US Secretary of Treasury, Stephen Mnuchin, and the Egyptian…
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Egypt’s non-oil private sector recovery stalled again in December as covid-19 cases climbed steadily throughout the month, causing muted consumer demand, according to IHS Markit’s purchasing manager’s…
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Egypt’s engineering exports increased by 6 percent year-on-year to $1.11 billion during the first five months of fiscal year 2020/2021, compared to $1.05 billion, according to data released by the…
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Egypt landed the third place among the top 10 countries that benefited the most from the Islamic Development Bank (IsDB) Group’s financial allocations from August 2018 until December 2020.
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