The Central Bank of Egypt (CBE) denied on Friday 02/04/2021 reports about the termination of dealing with all kinds of banknotes. CBE stressed the continuation of dealing with all banknotes in the…
Category: Economy
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Egypt must upgrade Suez Canal quickly to avoid future disruption – shipping sources
CAIRO, April 2 (NNN-AGENCIES) — Egypt’s Suez Canal must move quickly to upgrade its technical infrastructure if it is to avoid future shipping disruption, shipping industry sources said, as the major trade…
EGYPT EXPECTS $1 BILLION IN DAMAGES OVER STRUCK SHIP IN SUEZ
NNA – Egypt is expecting more than $1 billion in compensation after a cargo ship blocked the Suez Canal for nearly a week, according to the top canal official. He also warned…
Total Costs of Suez Canal Blockade by Ever Given May Reach $1Bln, Channel’s Administration Says
Egypt’s state-owned Suez Canal Authority said on Wednesday that the total cost of the cargo vessel Ever Given blocking all traffic through the canal for six days could reach as high as…
Egypt, Pakistan Discuss Cooperation In Military Production
CAIRO, Mar 24 (NNN-MENA) – Senior Egyptian and Pakistani military officials, discussed yesterday, cooperation between the two countries in the field of military production, said the Egyptian Ministry of Military Production, in…
Dollar price stable at National Bank of Egypt
The US dollar exchange rate was stable during Tuesday’s transactions at the National Bank of Egypt.The dollar rate remained to fetch EGP 15.64 for buying and EGP 15.74 for selling.The Euro price stood at EGP 18.63 for buying and EGP 18.80 for selling.M…