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Category: Economy

This category covers all news related Business & Finance

US dollar price stabilizes in Egypt on Thursday

Posted on January 26, 2023 by Web Desk

The US dollar price stabilized, on Thursday, January 26, 2023, in banks across the country, recording its lowest price in Banque Misr and the National Bank of Egypt.The price of the dollar today in banks:Commercial International BankLE29.84 for purcha…

Egypt’s food exports hit $4.12B in 2022

Posted on January 25, 2023 by Web Desk

The Food Export Council (FEC) said Tuesday that the food industry sector’s exports increased last year by 0.5 percent to reach $4.124 billion compared to $4.102 billion in 2021. According to a monthly report issued by the FEC January 2022 exports reach…

US dollar price stabilizes Wednesday in Egypt

Posted on January 25, 2023 by Web Desk

The US dollar price stabilized on Wednesday in Egyptian banks, recording the following rates:Suez Canal BankLE29.84 for purchaseLE29.94 for sale United BankLE29.82 for purchaseLE 29.92 for sale ALEXBANKLE29.84 for purchaseLE29.94 for sale National Bank…

Gov’t working to make Alexandria luring spot for various investments: Cabinet spox

Posted on January 25, 2023 by Web Desk

Prime Minister Mostafa Madbouly chaired a meeting on Tuesday to follow up the implementation status of service and development projects under way in Alexandria.The meeting covered drinking water and sanitation projects pursued in the governorate to ful…

Egyptian president displays priority investment fields in roundtable with Indian businessmen

Posted on January 25, 2023 by Web Desk

President Abdel Fatah al-Sisi held a roundtable discussion Wednesday with the heads of major Indian companies shedding light on the various investment opportunities available at Egypt’s in-progress mega projects. An example of those is the Suez Canal E…

World Economy to Undergo Intricate Phase in 2023

Posted on January 25, 2023 by Web Desk

In the first months of the COVID-19 pandemic, it was hard to forecast when the world economy could rebound to pre-pandemic levels. Yet, a promising performance had begun to show in 2021, before the Russia-Ukraine War drove the prices of energy and food…

EGX flags in green, reaching highest level since 2018

Posted on January 25, 2023 by Web Desk

The Egyptian Exchange (EGX) ended Wednesday’s session in the green zone, reaching the highest level since May 2018, amid Arab and foreign purchases. The benchmark EGX30 increased 2.13 percent, or 350.58 points, to end at 16,791.11 points. The equally …

Egypt’s exports to Brazil hit $650M in 2022, says official

Posted on January 25, 2023 by Web Desk

Minister Plenipotentiary and Head of the Commercial Representation Office in Sao Paulo Nashwa Bakr said trade exchange between Egypt and Brazil jumped by more than 500 percent, especially after the MERCOSUR-Egypt Free Trade Agreement came into force. B…

No Egyptian ports are sold, Egypt takes part in port management: minister

Posted on January 23, 2023 by Web Desk

No Egyptian ports have been sold, Kamel al-Wazir, Minister of Transport has said in an official statement.Egypt takes part in port management: with international companies to maximize revenues.A large congestion has occurred in the ports, which has res…

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