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Category: Economy

This category covers all news related Business & Finance

US dollar price rises in middle of Tuesday’s trading

Posted on May 24, 2022 by Web Desk

US dollar prices witnessed an increase of 11 piasters against the Egyptian pound in the middle of trading on Tuesday, in Banque Misr, the National Bank of Egypt, and exchange companies.The prices of the US dollar on Tuesday in some Egyptian banks are a…

Egypt, EIB sign financing agreements worth 300 million euros

Posted on May 24, 2022 by Web Desk

The development financing agreements signed with the European Investment Bank (EIB), since the beginning of 2022 have recorded 300 million euros.This is in addition to two grants from the EU worth 24 million euros, the Ministry of International Coopera…

US dollar exchange rate increases against Egypt pound

Posted on May 23, 2022 by Web Desk

The US dollar exchange rate against the Egyptian pound rose during Monday’s trading, by about 5 piasters, for the first increase after the Central Bank of Egypt’s decision to raise interest rates by 200, or 2 percent.The price of the US dollar rose in …

Makram meets Sudanese labor min.

Posted on May 18, 2022 by Web Desk

Minister of Emigration Nabila Makram held a meeting on Wednesday with Sudanese Minister of Labor and Administrative Reform Suad al Tayeb Hassan.The two sides exchanged views on immigration and means of enhancing bilateral cooperation, according to a st…

US dollar exchange rate declines against EGP

Posted on May 18, 2022 by Web Desk

The exchange rate of the US dollar against the Egyptian pound slightly declined on Wednesday, after the Central Bank of Egypt raised the interest rate by 1% in March.At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate was down, recordi…

South Sudan set to receive ‘cheap electricity’ from Ethiopia

Posted on May 16, 2022 by

Published by Al-Araby South Sudan will receive 500 megawatts of electricity from Ethiopia over the next six years following the construction of the controversial Grand Ethiopian Renaissance Dam (GERD), according to reports….

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